Research Article
Future Conditions of the Mining Sector Seen from The Viewpoint of Stock Price
@INPROCEEDINGS{10.4108/eai.7-10-2021.2316232, author={Rialdi Azhar}, title={Future Conditions of the Mining Sector Seen from The Viewpoint of Stock Price}, proceedings={Proceedings of the 4th International Conference of Economics, Business, and Entrepreneurship, ICEBE 2021, 7 October 2021, Lampung, Indonesia}, publisher={EAI}, proceedings_a={ICEBE}, year={2022}, month={4}, keywords={arima timeseries financial data mining sector}, doi={10.4108/eai.7-10-2021.2316232} }- Rialdi Azhar
Year: 2022
Future Conditions of the Mining Sector Seen from The Viewpoint of Stock Price
ICEBE
EAI
DOI: 10.4108/eai.7-10-2021.2316232
Abstract
The daily share price of the mining sector is part of the financial data that is included in the determining criteria that describe the condition of the company. More broadly, the daily share price of the mining sector, especially in Indonesia, impacts the national economy. In these conditions, low-risk decision-making is needed. Methods in economics explaining forecasting of future economic conditions can reduce risk by preparing a treatment plan. Time series financial data, including daily stock prices, can be predicted using the ARIMA model. This study aims to design a time series financial data forecasting model with a low error rate so that the quality of the prepared decisions is of high quality.
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