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Rifqi Rahmadrian Luthfiansyah
Institut Teknologi Sepuluh Nopember

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GOLD PRICE FORECASTING USING MULTIPLE LINEAR REGRESSION METHOD Raras Tyasnurita; Rifqi Rahmadrian Luthfiansyah; Muhamad Rayhan Brameswara
JURTEKSI (Jurnal Teknologi dan Sistem Informasi) Vol 9, No 3 (2023): Juni 2023
Publisher : STMIK Royal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33330/jurteksi.v9i3.1748

Abstract

 Abstract – Price forecasting is a part of economic decision making. Forecasting the daily rise and fall of gold prices can help investors decide when to buy or sell the commodity. The price of gold depends on many factors such as the price of other precious metals, the price of crude oil, the performance of the stock exchange, and the exchange rate of currencies. This study discusses gold price forecasting using the multiple linear regression method. The results of this study indicate that the best model is in the data distribution of 70%: 30% for training and testing, with a MAPE of 4.7% Based on these results, it can be concluded that the use of multiple linear regression method produces a fairly good model for gold prices forecasting. Besides, the correlation analysis show that the price of other precious metals greatly influences the price of gold where in this case the silver price whose correlation value is 0.87. Keywords: forecasting, gold investment, multiple linear regression Abstrak: Peramalan harga merupakan bagian dari pengambilan keputusan ekonomi. Melakukan peramalan terhadap kenaikan dan penurunan harga emas harian dapat membantu investor memutuskan kapan harus membeli atau menjual komoditas. Harga Emas bergantung pada banyak faktor seperti harga logam mulia lainnya, harga minyak mentah, kinerja bursa saham, dan nilai tukar mata uang. Penelitian ini membahas peramalan harga emas dengan menggunakan metode regresi linear ganda. Hasil dari penelitian ini menunjukkan bahwa model terbaik terdapat pada pembagian data pelatihan 70%  dan pengujian 30%, dengan MAPE sebesar 4.7%. Berdasarkan hasil tersebut dapat diambil kesimpulan bahwa penggunaan metode regresi linear ganda menghasilkan model yang cukup baik untuk  peramalan harga emas. Selain itu, analisis korelasi menunjukkan bahwa harga logam mulia lainnya sangat mempengaruhi harga emas dimana dalam hal ini variabel harga perak yang nilai korelasinya 0.87. Kata kunci: peramalan; investasi emas, regresi linear ganda