Chart A: Forecasts of overnight trips for Australia and its states over the test period 2016 Q1–2017 Q4. Coherent forecasts using the bottom-up (bu), ordinary least squares (OLS), and minimum trace optimal reconciliation (MinT) forecasting techniques. Forecast periods: 2 years.

Chart B: Forecasts of overnight trips for Australia by purpose of travel over the test period 2016 Q1–2017 Q4. Coherent forecasts using the bottom-up (bu), ordinary least squares (OLS), and minimum trace optimal reconciliation (MinT) forecasting techniques. Forecast periods: 2 years.

Source of the data: Department of Econometrics and Business Statistics at Monash University, Australia