JURNAL DINAMIKA EKONOMI PEMBANGUNAN
Vol 4, No 3 (2021): DECEMBER

Forecasting The Export Value of Iron and Steel during The Covid-19 Pandemic

Rakhmawan, Sapto (Unknown)



Article Info

Publish Date
29 Mar 2022

Abstract

The COVID-19 pandemic has indirectly impacted international trade activities. This also affected the decline in Indonesian exports during 2020. Amid declining Indonesian exports, iron and steel commodities showed positive growth. Iron and steel export has contributed significantly to Indonesia's non-oil and gas export. Hence, the export of iron and steel is essential for boosting the economic development. Forecasting iron and steel export, therefore, becomes a necessity to assist the government in making the right policies related to the economic development. In this study, the ARIMA model will be discussed in-depth and will be applied to forecast the export value of iron and steel. We use export value of iron and steel data from January 2009 to December 2020. The results show that the ARIMA model is suitable for modeling iron and steel export data and the export value of iron and steel will increase for the next 12 periods.

Copyrights © 2021






Journal Info

Abbrev

dinamika_pembangunan

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Dinamika Ekonomi Pembangunan published by Department of Economics and Development Studies Faculty of Economics and Business, Diponegoro University. Jurnal Dinamika Ekonomi Pembangunan published three times a year contains scientific articles that discuss state of the art theory and empirical ...