Muhammad Fahmuddin Sudding
Universitas Negeri Makassar

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Application of teh Hybrid Singular Spectrum Analysis – ARIMA Model for Indonesia's Inflation Rate (2018-2023) Sri Rahayu; Aswi Aswi; Muhammad Fahmuddin Sudding
Jurnal Matematika Sains dan Teknologi Vol. 25 No. 2 (2024): September (in Progress)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/jmst.v25i2.7982.2024

Abstract

This research aims to determine the results and accuracy of forecasting inflation rates in Indonesia using Hybrid Singular Spectrum Analysis (SSA) – Autoregressive Integrated Moving Average (ARIMA). Hybrid SSA-ARIMA combines two time series methods to increase forecasting accuracy, especially for economic data that contains trend and seasonal components. The data used is data on the national consumer price inflation rate (Y-on-Y) for the period January 2018 to December 2023. The forecast accuracy obtained by the MAPE value for Singular Spectrum Analysis was 56.26797%, and Hybrid SSA-ARIMA was 18.88851%. This shows that Hybrid SSA-ARIMA has better forecasting capabilities than Singular Spectrum Analysis in predicting the inflation rate in Indonesia.