Abstract

Forecasting Banten exports is one of the important elements for formulating economic growth targets in the development planning document prepared by the Banten Provincial Government. The purpose of this study is to forecast exports by utilizing export data from the BPS and the United States manufacturing purchasing managers index (PMI) which is derived from the Institute of Supply Management (ISM). The results showed that the ARIMAX model has a very good forecasting ability. This is indicated by the MAPE value which reached 8.84 percent. However, forecasting accuracy will decrease as the forecasting time span increases

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 call

Disclaimer: 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.