Jurnal Sintak
Vol. 2 No. 1 (2023): SEPTEMBER 2023

Markov Chain Analysis in Predicting Consumer Price Index for the Food, Beverage and Tobacco Sector in Jambi City

gusmi kholijah (universitas jambi)
Fitriyani Fitriyani (Universitas Jambi)



Article Info

Publish Date
29 Sep 2023

Abstract

The Consumer Price Index (CPI) is an economic indicator that can provide information regarding developments in prices of goods/services. CPI is one of the factors that can measure inflation. According to the information provided, inflation pressure is influenced by the food, beverage and tobacco sectors and is one of the mainstays in providing a major contribution to economic growth. Every month the CPI can increase or decrease so data from previous times is used to see predictions for the present so time series data is used. Prediction of CPI time series data can use one of the mathematical techniques, namely Markov chain analysis. Markov chain is a method that studies the properties of a variable in the present in an effort to estimate the properties of the same variable in the future, therefore Markov chain analysis is suitable for use in predicting CPI. In this research, it was applied to CPI data for January 2018 to June 2022. After conducting the analysis, it was concluded that in the following months the opportunity for CPI in categories above the basic price was greater than the opportunity above the basic price. So it is hoped that the results of this analysis can help the government stabilize the CPI in the Food, Miniman and Tobacco sectors

Copyrights © 2023






Journal Info

Abbrev

jurnalsintak

Publisher

Subject

Civil Engineering, Building, Construction & Architecture Control & Systems Engineering Decision Sciences, Operations Research & Management Mathematics

Description

Jurnal Sintak merupakan jurnal yang dikelola oleh Program Studi Matematika Institut Teknologi Batam (ITEBA). Jurnal Sintak menjadi sarana dalam menyebarkan pengetahuan terkait teori maupun aplikasinya di bidang matematika, statistika, dan aktuaria yang diterbitkan dua kali setahun (September dan ...