Research Article
Analyzing Interest Rates on BBCA and BMRI Stock Prices Using a Time Series Forecasting Method
@INPROCEEDINGS{10.4108/eai.18-12-2023.2349315, author={Paradise Maghfirah and Nur Fitri Rahmayanti and Yuli Eni}, title={Analyzing Interest Rates on BBCA and BMRI Stock Prices Using a Time Series Forecasting Method}, proceedings={Proceedings of the 1st UHAMKA International Conference on Economics and Business, UHICEB 2023, 18-19 December 2023, Jakarta, Indonesia}, publisher={EAI}, proceedings_a={UHICEB}, year={2024}, month={11}, keywords={forecasting interest rate shares prices economic}, doi={10.4108/eai.18-12-2023.2349315} }- Paradise Maghfirah
Nur Fitri Rahmayanti
Yuli Eni
Year: 2024
Analyzing Interest Rates on BBCA and BMRI Stock Prices Using a Time Series Forecasting Method
UHICEB
EAI
DOI: 10.4108/eai.18-12-2023.2349315
Abstract
The Primary objective of this research is to assess the extent of the impact of interest rates on forecasting the stock prices of banking institutions, specifically focusing on Bank Central Asia (BBCA) and Bank Mandiri (BMRI) listed on the Indonesia Stock Exchange (IDX). The study utilizes data from the year 2022 to predict the stock process in 2023 and subsequent years. This research employs a forecasting model approach, utilizing Bank Central Asia (BBCA) and Bank Mandiri (BMRI) as the sample entities. The data processing techniques encompass Descriptive Statistics, Single Moving Averages, Exponential Smoothing, and Regression Analysis. The dataset comprises secondary data from monthly stock data for 2022. Additionally, interest rate values for the year 2022. This research indicates that prospective investors prefer investing in Bank Mandiri (BMRI) stocks over those of Bank Central Asia (BBCA). Further investigation is warranted to explore the factors influencing stock prices, with one notable factor being the interest rates set by Bank Indonesia.
