Arima model was used to forecast remittances as a major source of foreign income to nigeria they use annual time series using net consumption. Looking forward, we estimate remittances in india to stand at 1105504 in 12 months time in the long-term, the india remittances is projected to trend around .
This article is an introduction to time series forecasting using different methods such as arima, holt's winter, holt's linear, exponential. The problem came to me when i was conducting a time series analysis of remittances payments and i made a forecasting model i presented the results to my.
The study incorporates time series forecast using arima method to analyse im_gdp=import of goods and services to gdp, rem_gdp= remittance to gdp.
Reliability of the forecast if the underlying times series volatility doesn't increase so, the income from export, tourism and workers remittance constitutes the.Download