A Forecasting Model for KWD/EURO Exchange Rate

  • Bedour Alsaleh

Abstract

The current study was carried out to build a statistical model for forecasting the KWD/EURO exchange rate. Statistical analysis for the exponential smoothing models was performed. The accuracy measures criteria, such as mean absolute error (MAE), mean absolute percentage error (MAPE), root mean squared error (RMSE), stationary R-Squared, and R-Squared were assessed. The results of the analysis reveal that the Winters’ Additive model was the best model among the exponential models that were investigated. Data collection was carried out over six months daily; from 1st of January 2021 till 26th of June 2021.

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Published
2021-09-01
How to Cite
ALSALEH, Bedour. A Forecasting Model for KWD/EURO Exchange Rate. International Journal of Advanced Research in Economics and Finance, [S.l.], v. 3, n. 3, p. 1-12, sep. 2021. ISSN 2682-812X. Available at: <https://myjms.mohe.gov.my/index.php/ijaref/article/view/15081>. Date accessed: 20 may 2024.
Section
English Section