Comparison of ARIMA, SSA, and ARIMA – SSA hybrid model performance in Indonesian economic growth forecasting

Muhammad Fajar and Sri Hartini

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this research is to compare among the performance of ARIMA, Singular Spectrum Analysis (SSA), and ARIMA-SSA hybrid model which is applied to Indonesian economic growth forecasting. Data used in this research is economic growth (quarter to quarter, q to q) 1983 Q2 – 2018Q2 taken from Badan Pusat Statistik (BPS). The result of this research concludes that ARIMA-SSA hybrid method shows a better performance in economic growth forecasting compared to ARIMA and SSA based on the RMSE results.

Keywords: hybrid model; ARIMA-SSA; forecasting; growth (search for similar items in EconPapers)
JEL-codes: C22 C45 E17 (search for similar items in EconPapers)
Date: 2020-06-16, Revised 2020-06-16
New Economics Papers: this item is included in nep-for, nep-mac, nep-ore and nep-sea
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