Forecasting of the Amount of Rupiah Banknotes Flows in the East Region of Indonesia Using Circular Regression

  • Jassinca Chrissma Audina Tadulako University
  • Rais Tadulako University
  • Lilies Handayani Tadulako University
Keywords: Rupiah Banknotes Outflow, Forecasting, Circular Regression

Abstract

Money is a tool that can be used in exchanging goods and services in a certain area. Increasing and decreasing in the money supply excessively can have a negative impact on the economy. For this reason, in order to maintain financial system stability in Indonesia, it is necessary to conduct an analysis of the data on the amount of outflows of rupiah currency at each Bank Indonesia office. In this study, a relationship analysis will be carried out between the eastern region of Indonesia and the amount of outflows of Bank Indonesia banknotes during the 2016-2018 period using circular regression analysis. The results showed that 83.03% of the variation in the amount of outflows of BI banknotes could be explained by the circular regression model that was formed. In addition, in the process of forecasting data on the amount of outflows of BI banknotes in the eastern region of Indonesia for the 2019-2020 period, the time series forecasting method is used which is based on the use of analysis of the relationship pattern between the estimated variables and the time variable.

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Published
2021-12-31
How to Cite
Jassinca Chrissma Audina, Rais, & Handayani, L. (2021). Forecasting of the Amount of Rupiah Banknotes Flows in the East Region of Indonesia Using Circular Regression. Parameter: Journal of Statistics, 2(1), 32-39. https://doi.org/10.22487/27765660.2021.v2.i1.15681
Section
Articles