GDP Modelling and Forecasting using Arima: An Empirical Study for Cameroon
Author (s)
Guy Merlain DJAKOU & Professor Xuemei Jiang
Abstract
Gross domestic product (GDP) is a significant metric used to describe and assess economic activities and levels of growth. It’s also regularly used by decision-makers to plot financial coverage. This paper’s objective is to model and expect GDP in Cameroon. The current investigation employed the Box- Jenkins (JB) technique from 1980 to 2020. Based on the consequences, ARIMA (2, 1, 2) changed into discovered to be the optimal model for estimating GDP. The results of the desk-bound and identification guidelines time collection tests, as well as the use of aic and bic criteria, validated the outcomes, and an in-pattern forecast revealed that the relative and an in-pattern forecast, the relative and anticipated values were in the 5% area. This model’s forecasting effectiveness is exceptional and efficient in modelling Cameroon’s annual GDP.
Keywords: GDP, Box-Jenkins methodology, Forecasting, ARIMA model, Cameroon.
| Title: | GDP Modelling and Forecasting using Arima: An Empirical Study for Cameroon |
|---|---|
| Author: | Guy Merlain DJAKOU & Professor Xuemei Jiang |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.58970/IJSB.2094 |
| Media: | Online |
| Volume: | 22 |
| Issue: | 1 |
| Issue publication (Year): | 2023 |
| Acceptance Date: | 28/03/2023 |
| Date of Publication: | 04/04/2023 |
| PDF URL: | https://ijsab.com/wp-content/uploads/2094.pdf |
| Free download: | Available |
| Page: | 41-52 |
| First Page: | 41 |
| Last Page: | 52 |
| Paper Type: | Research paper |
| Current Status: | Published |
Cite This Article:
Guy Merlain DJAKOU & Xuemei Jiang (2023). GDP Modelling and Forecasting using Arima: An Empirical Study for Cameroon. International Journal of Science and Business, 22(1), 41–52. doi: https://doi.org/10.58970/IJSB.2094
Retrieved from https://ijsab.com/wp–content/uploads/2094.pdf
About Author (s)
Guy Merlain DJAKOU (Corresponding Author), Ph.D. Student, School of Economics, Capital University of Economics and Business (CUEB), Beijing, China.
Professor Xuemei Jiang, School of Economics, Capital University of Economics and Business (CUEB), Beijing, China.
DOI: https://doi.org/10.58970/IJSB.2094