Malaysia tourism demand forecasting using box-jenkins approach

Tourism industry in Malaysia is crucial and has contributes a huge part in Malaysia’s economic growth. The capability of forecasting field in tourism industry can assist people who work in tourism-related-business to make a correct judgment and plan future strategy by providing the accurate forecast values of the future tourism demand. Therefore, this research paper was focusing on tourism demand forecasting by applying Box-Jenkins approach on tourists arrival data in Malaysia from 1998 until 2017. This research paper also was aiming to produce the accurate forecast values. In order to achieve that, the error of forecast for each model from Box-Jenkins approach was measured and compared by using Akaike Information Criterion (AIC), Mean Absolute Deviation (MAD), Mean Square Error (MSE) and Mean Absolute Percentage Error (MAPE). Model that produced the lowest error was chosen to forecast Malaysia tourism demand data. Several candidate models have been proposed during analysis but the final model selected was SARIMA (1,1,1)(1,1,4)12. It is hoped that this research will be useful in forecasting field and tourism industry

A time series analysis for sales of chicken based food product

This study provides a time series analysis and interpretation of the output for forecast sales of chicken based food product of weekly sales data. These data were collected directly from the outlet shop of one factory in Malacca started from January 2015 to December 2016. Methods of forecasting include autoregressive (AR) method and simple exponential smoothing (SES) method. The accuracy for both methods will be compared using mean squared error (MSE), mean absolute percentage error (MAPE) and mean absolute deviation (MAD). There will be 1 period ahead of predictions for AR method and 1 period ahead for SES method. This analysis found that AR method with AR (1) model is more accurate than SES method and can be used for the future prediction of chicken based food product of weekly sales data. Recommendations for future study is trying out other method to analyse this sales of chicken based food product and using R software to analyse the dataset