IJoICT (International Journal on Information and Communication Technology)
Vol. 8 No. 1 (2022): June 2022

Electronic Money Transactions Forecasting with Support Vector Regression (SVR) and Vector Autoregressive Moving Average (VARMA)

I Nengah Dharma Pradnyandita (Telkom University)



Article Info

Publish Date
20 Aug 2022

Abstract

In today's digital era, the trend of payments with electronic money is rising. Some people have switched to do their way to the modern method such as electronic money. This is to improve the efficiency of the financial system. However, with the convenience and speed provided, if the use of electronic money is not being controlled properly, this can cause an unmanageable price of goods. In the context of controlling the risk of the use of electronic money, it is required to predict the use of electronic money in Indonesia. This paper, by using multivariate data analysis with the variable of electronic money transaction and Money supply (M1) as supporting variables in order to predict the nominal of electronic money transactions. The methods used are Vector Autoregressive Moving Average (VARMA) and Support Vector Regression (SVR). The results of the forecasting model will be compared using Mean Absolute Percentage Error (MAPE). According to the research that had been done, the SVR model had a better result compared to VARMA with a MAPE value of 3.577 %. This shows that the prediction data of the SVR model is close to actual data

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Journal Info

Abbrev

ijoict

Publisher

Subject

Computer Science & IT

Description

International Journal on Information and Communication Technology (IJoICT) is a peer-reviewed journal in the field of computing that published twice a year; scheduled in December and ...