Abstract
Malaysia is surrounded by sea, rivers and lakes which provide natural sources of fish for human consumption. Hence, fish is one source of protein supply to the country and fishery is a sub-sector that contribute to the national gross domestic product. Since fish forecasting is crucial in fisheries management for managers and scientists, time series modelling can be one useful tool. Time series modelling have been used in many fields of studies including the fields of fisheries. In a previous research, the ARIMA and ARFIMA models were used to model marine fish production in Malaysia and the ARFIMA model emerged to be a better forecast model. In this study, we consider fitting the ARIMA and ARFIMA to both the marine and freshwater fish production in Malaysia. The process of model fitting was done using the “ITSM 2000, version 7.0” software. The performance of the models were evaluated using the mean absolute error, root mean square error and mean absolute percentage error. It was found in this study that the selection of the best fit model depends on the forecast accuracy measures used.
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
