Forecasting PT Bank Mandiri Tbk Stock Price Using ARIMA Model

Edward Anthony Widodo, Edwin Setiawan Nugraha, Dadang Amir Hamzah

Abstract


Stocks are one of the most popular financial market instruments. Issuing Stocks is one of the company's choices when deciding to fund the company including in financial sector such as PT Bank Mandiri Tbk. On the other hand, stocks are an investment instrument that many investors choose because they are able to provide an attractive level of profit. In this work, The Autoregressive Integrated Moving Average (ARIMA) method is used to predict the Stock price of PT Bank Mandiri. The result show that ARIMA (1,2,1) is the best model to forecasting the Stock price of PT Bank Mandiri with AIC 1178.48. This forecasting is very useful as consideration for investors in making decisions on PT Bank Mandiri Stocks.

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References


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