BAREKENG: Jurnal Ilmu Matematika dan Terapan
Vol 19 No 1 (2025): BAREKENG: Journal of Mathematics and Its Application

MULTINOMIAL LOGISTIC REGRESSION MODEL USING MAXIMUM LIKELIHOOD APPROACH AND BAYES METHOD ON INDONESIA'S ECONOMIC GROWTH PRE TO POST COVID-19 PANDEMIC

Purwanto, Arie (Unknown)
Suprayogi, Muhammad Aziz (Unknown)
Setiawan, Erwan (Unknown)
Loly, Joao Ferreira Rendes Bean (Unknown)
Rahman, Gusti Arviana (Unknown)
Kurnia, Anang (Unknown)



Article Info

Publish Date
13 Jan 2025

Abstract

Economic growth in Indonesia has become a major concern in the global context, especially before and after the Covid-19 pandemic. Key sectors such as tourism, manufacturing, trade and transportation have been seriously affected by restrictions on travel and economic activity imposed to control the spread of the virus. Therefore, it is considered necessary to carry out modeling to describe existing conditions. In this research, two approaches were used, namely the Maximum Likelihood approach and the Bayes approach. The use of methods in general as research material for researchers to study these two methods further. So far the algorithm used for the Bayes concept method is Markov Chain Monte Carlo with Hasting's Metropolis method. The parameter estimation results obtained from both methods are considered quite identical. However, it is necessary to pay attention to the iteration procedure that will be carried out. The selection of factors used in the iteration process is very determining in obtaining estimated parameter values. Furthermore, the results obtained so far do not contain any fundamental differences regarding economic growth in Indonesia. In general, Indonesia can be said to be stable in terms of economic growth.

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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 ...