International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS)
Vol. 1 No. 2 (2021): December

GOLD PRICESFORECASTING USING TRIPLE EXPONENTIAL METHOD

Khairawati, Khairawati (Unknown)
Fuadi, Wahyu (Unknown)
Ramadhansyah, Rizki (Unknown)
Fariadi, Dedi (Unknown)



Article Info

Publish Date
12 Dec 2021

Abstract

Governments, organizations, and citizens have taken an interest in gold price fluctuations. Gold price forecasting that is accurate may effectively capture price shift tendencies and reduce the effects of gold market volatility. However, due to the multi-factor and nonlinear nature of the gold market. The triple exponential smoothing strategy is used in this study to predict the rise in a value over time since it can replicate trends and seasonal patterns. according to the gold price swings pattern and seasonal components at the same time To calculate system accuracy, the Mean Absolute Percentage Error is employed (MAPE). With alpha 0.15 and beta 0.85 as parameter values, the triple exponential smoothing (TES) approach achieves an accuracy rate of 86.93 percent and a MAPE of 12.49 percent in this study.

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Journal Info

Abbrev

IJEBAS

Publisher

Subject

Economics, Econometrics & Finance

Description

This journal aims to examine new breakthroughs and current issues regarding advances in science and technology in the fields of Economics, Business, Sharia Administration, Accounting and Agriculture ...