Forecasting cash outflow and inflow in Jember with ARIMAX calendar variation effect

Marieta Monica*, Agus Suharsono

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

3 Citations (Scopus)

Abstract

Bank Indonesia is an independent Central Bank in carrying out its duties and powers. Regarding the authority to issue and circulate Rupiah currency, a plan for printing money and the composition of the money to be printed is required for the next one year. Inflow and outflow forecasting can be used to estimate people's money needs. The purpose of this study is to predict the inflow and outflow of currency in Jember using the ARIMAX method with calendar variations. The majority of religions in Indonesia are Islam, in this regard, the Eid al-Fitr is used as a calendar variation. Besides, the inflow and outflow spikes occurred between a month before and a month after Eid al-Fitr.

Original languageEnglish
Title of host publication3rd International Conference on Mathematics
Subtitle of host publicationEducation, Theory, and Application, ICMETA 2021
EditorsDiari Indriati, Tri Atmojo Kusmayadi, Sutrima Sutrima, Dewi Retno Sari Saputro, Putranto Hadi Utomo
PublisherAmerican Institute of Physics Inc.
ISBN (Electronic)9780735440708
DOIs
Publication statusPublished - 8 Feb 2021
Event3rd International Conference on Mathematics: Education, Theory, and Application, ICMETA 2021 - Surakarta, Online, Indonesia
Duration: 20 Oct 2020 → …

Publication series

NameAIP Conference Proceedings
Volume2326
ISSN (Print)0094-243X
ISSN (Electronic)1551-7616

Conference

Conference3rd International Conference on Mathematics: Education, Theory, and Application, ICMETA 2021
Country/TerritoryIndonesia
CitySurakarta, Online
Period20/10/20 → …

Keywords

  • ARIMAX
  • Calendar Variation Effect
  • Cash Inflow
  • Cash Outflow
  • Currency

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