Performace of Optimal MSE Estimators Relative to Alternative Predictors of Recreational Use for National Parks

The common use of multiplicative models of recreational use (demand) results in difficulties in projecting future values. Alternative estimators are discussed, and theoretically optimal MSE-estimators are compared with OLS and maximum-likelihood estimators. Empirical results are based on use data for U.S. National Parks from Boyet and Tolley.