Rizki Ramadhansyah
Informatics Engineering Study Program, Malikussaleh University

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GOLD PRICESFORECASTING USING TRIPLE EXPONENTIAL METHOD Khairawati Khairawati; Wahyu Fuadi; Rizki Ramadhansyah; Dedi Fariadi
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 1 No. 2 (2021): December
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (376.232 KB) | DOI: 10.54443/ijebas.v1i2.79

Abstract

Governments, organizations, and citizens have taken an interest in gold price fluctuations. Gold price forecasting that is accurate may effectively capture price shift tendencies and reduce the effects of gold market volatility. However, due to the multi-factor and nonlinear nature of the gold market. The triple exponential smoothing strategy is used in this study to predict the rise in a value over time since it can replicate trends and seasonal patterns. according to the gold price swings pattern and seasonal components at the same time To calculate system accuracy, the Mean Absolute Percentage Error is employed (MAPE). With alpha 0.15 and beta 0.85 as parameter values, the triple exponential smoothing (TES) approach achieves an accuracy rate of 86.93 percent and a MAPE of 12.49 percent in this study.