Projections of Regional Macroeconomic Conditions using the Univariate Forecasting Method

Inayati Nuraini Dwiputri (Universitas Negeri Malang)
Muhammad Syam Kusufi (Faculty of Economics and Business, Universitas Trunojoyo Madura)
Albertus Girik Allo (Faculty of Economics and Business, Universitas Papua)

Economic Development Analysis Journal
Vol 8 No 3 (2019): Economics Development Analysis Journal

The prediction of future macroeconomic conditions is needed by the government to carry out the planning and budgeting. This study predicts macro indicators in Hulu Sungai Utara Regency in the period 2017-2022. The method used is univariateforecasting, which includes the ARIMA model, exponential smoothing, and exponential smoothing with trend adjustment. The macroeconomic indicators used in this study are real Gross Domestic Regional Product (GDRP), economic growth, unemployment rate, and income distribution. The results of the analysis show that Brown's forecasting model is predicted that the real GDRP value tends to increase, forecasting results using a simple model on economic growth and the ARIMA (0.0,0) model on the unemployment rate, had predicted tends to be constant. And, the prediction of income distribution with the Holt model tends to increase. Keywords: macroeconomic, univariate, forecasting, ARIMA, exponential smoothing JEL Classification: E0, O1, C0