Ansari Saleh Ahmar, Eva Boj del Val, M.A. El Safty, Samirah AlZahrani, Hamed El-Khawaga
This study focuses on the novel forecasting method (SutteARIMA) and its application in predicting Infant Mortality Rate data in Indonesia. It undertakes a comparison of the most popular and widely used four forecasting methods: ARIMA, Neural Networks Time Series (NNAR), Holt-Winters, and SutteARIMA. The data used were obtained from the website of the World Bank. The data consisted of the annual infant mortality rate (per 1000 live births) from 1991 to 2019. To determine a suitable and best method for predicting Infant Mortality rate, the forecasting results of these four methods were compared based on the mean absolute percentage error (MAPE) and mean squared error (MSE). The results of the study showed that the accuracy level of SutteARIMA method (MAPE: 0.83% and MSE: 0.046) in predicting Infant Mortality rate in Indonesia was smaller than the other three forecasting methods, specifically the ARIMA (0.2.2) with a MAPE of 1.21% and a MSE of 0.146; the NNAR with a MAPE of 7.95% and a MSE of 3.90; and the Holt-Winters with a MAPE of 1.03% and a MSE: of 0.083. © 2022 Tech Science Press. All rights reserved.
Business School, Faculty of Economics and Business, Universitat de Barcelona, Barcelona, 08034, Spain; Department of Statistics, Faculty of Mathematics and Natural Science, Universitas Negeri Makassar, Makassar, 90224, Indonesia; Department of Economic, Financial and Actuarial Mathematics, Faculty of Economics and Business, Universitat de Barcelona, Barcelona, 08034, Spain; Department of Mathematics and Statistics, Colleage of Sciences, Taif University, P.O. Box 11099, Taif, 21944, Saudi Arabia; Department of Statistics, Mathematics, and Insurance, Faculty of Commerce, Tanta University, Egypt; Department of Economics and Finance, College of Business Administration, Taif University, P.O. Box 11099, Taif, 21944, Saudi Arabia
