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Forecasting accuracy of behavioural models for participation in the arts
Authors:Victoria Ateca-Amestoy  Juan Prieto-Rodriguez
Affiliation:1. Department of Economic Analysis II, Universidad del Pa?´s Vasco/Euskal Herriko Unibertsitatea, Avda. Lehendakari Aguirre, 83, 48015 Bilbao, Spain;2. Department of Economics, Universidad de Oviedo, Avda. Del Cristo, s/n, 33006 Oviedo, Spain
Abstract:This paper assesses the forecasting performance of count data models applied to arts attendance. We estimate participation models for two artistic activities that differ in their degree of popularity – museums and jazz concerts – with data derived from the 2002 release of the Survey of Public Participation in the Arts for the United States. We estimate a finite mixture model – a zero-inflated negative binomial model – that allows us to distinguish between “true” non-attendants and “goers” and their respective behaviour regarding participation in the arts. We evaluate the predictive (in-sample) and forecasting (out-of-sample) accuracy of the estimated model using bootstrapping techniques to compute the Brier score. Overall, the results indicate the model performs well in terms of forecasting. Finally, we draw certain policy implications from the model’s forecasting capacity, thereby allowing the identification of target populations.
Keywords:Forecasting   Count data   Brier scores   Bootstrapping   Cultural participation
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