Journal of Statistics and Data Science
Vol. 1 No. 2 (2022)

Price Prediction Using ARIMA Model of Monthly Closing Price of Bitcoin

Pratama, Apriliyanus Rakhmadi (Unknown)

Article Info

Publish Date
31 Oct 2022

Abstract

The rising of bitcoin’s user as a digital currency and investments causing an instability and an uncertainty in price movement and increasing the risk of trading, therefore in this study we try to forecast the future value of bitcoin price using ARIMA Models. 2 candidate models are selected by the lowest value of AIC and using the performance indicators ME, RSME, MAE, MPE, and MAPE conclude ARIMA (1,1,0) are the best ARIMA model, then the next 5 months future price forecasted using the best model. While ARIMA (1,1,0) is the best model, the model failed to follow price movement as shown in the forecasted price.

Copyrights © 2022




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
Journal of Statistics and Data Science
Website

Abbrev

jsds

Publisher

Universitas Bengkulu

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Mathematics Other

Description

Established in 2022, Journal of Statistics and Data Science (JSDS) publishes scientific papers in the fields of statistics, data science, and its applications. Published papers should be research-based papers on the following topics: experimental design and analysis, survey methods and analysis, ...