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Rumaisa Kruba
Department of Statistics, Institut Teknologi Sepuluh Nopember, Indonesia

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Quantile Regression Neural Network Model For Forecasting Consumer Price Index In Indonesia Dwi Rantini; Made Ayu Dwi Octavanny; Rumaisa Kruba; Heri Kuswanto; Kartika Fithriasari
Inferensi Vol 1, No 1 (2018): Inferensi
Publisher : Department of Statistics ITS

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (696.316 KB) | DOI: 10.12962/j27213862.v1i1.6719

Abstract

The main purpose of time series analysis is to obtain the forecasting result from an observation for future values. Quantile Regression Neural Network is a statistical method that can model data with non-homogeneous variance with artificial neural network approach that can capture nonlinear patterns in the data. Real data that allegedly have such characteristics is Consumer Price Index (CPI).  CPI forecasting is important to assess price changes associated with cost of living as well as identifying periods of inflation or deflation. The purpose of this research is to compare several method of forecasting CPI in Indonesia. The data used in this study during January 2007 until April 2018 period. QRNN method will be compared with Neural Network with RMSE evaluation criteria. The result is QRNN is the best method for forecasting CPI with RMSE 0.95.