BAREKENG: Jurnal Ilmu Matematika dan Terapan
Vol 17 No 3 (2023): BAREKENG: Journal of Mathematics and Its Applications

TRANSFER FUNCTION AND ARIMA MODEL FOR FORECASTING BI RATE IN INDONESIA

Khikmah, Khusnia Nurul (Unknown)
Sadik, Kusman (Unknown)
Indahwati, Indahwati (Unknown)



Article Info

Publish Date
30 Sep 2023

Abstract

Fluctuating gold prices can have an impact on various sectors of the economy. Some of the impacts of rising and falling gold prices are inflation, currency exchange rates, and the value of the Bank Indonesia benchmark interest rate (BI Rate). The data was taken from the Indonesian Central Statistics Agency's official website (BPS) for the Bank Indonesia benchmark interest rate (BI Rate) value. Therefore, research on the value of the Bank Indonesia benchmark interest rate (BI Rate) is essential with the gold price as a control. The purpose of this study is to forecast the value of the Bank Indonesia reference interest rate (BI Rate) with a transfer function model where the input variable used is the price of gold and forecast the value of the Bank Indonesia benchmark interest rate (BI Rate) with the ARIMA model. The analysis results show that the best model for forecasting the Bank Indonesia reference interest rate (BI Rate) is a transfer function model with a value of , , , and a noise series model with the MAPE value is

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Journal Info

Abbrev

barekeng

Publisher

Subject

Computer Science & IT Control & Systems Engineering Economics, Econometrics & Finance Energy Engineering Mathematics Mechanical Engineering Physics Transportation

Description

BAREKENG: Jurnal ilmu Matematika dan Terapan is one of the scientific publication media, which publish the article related to the result of research or study in the field of Pure Mathematics and Applied Mathematics. Focus and scope of BAREKENG: Jurnal ilmu Matematika dan Terapan, as follows: - Pure ...