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Forecasting Exchange Rate between Thai Baht and the US Dollar Using Time Series Analysis
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class="card"> <div class="card-body"><strong>Paper Count:</strong> 87356</div> </div> </div> </div> <div class="card publication-listing mt-3 mb-3"> <h5 class="card-header" style="font-size:.9rem">Forecasting Exchange Rate between Thai Baht and the US Dollar Using Time Series Analysis</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Kunya%20Bowornchockchai">Kunya Bowornchockchai</a> </p> <p class="card-text"><strong>Abstract:</strong></p> The objective of this research is to forecast the monthly exchange rate between Thai baht and the US dollar and to compare two forecasting methods. The methods are Box-Jenkins’ method and Holt’s method. Results show that the Box-Jenkins’ method is the most suitable method for the monthly Exchange Rate between Thai Baht and the US Dollar. The suitable forecasting model is ARIMA (1,1,0) without constant and the forecasting equation is <span style="line-height: 20.8px;">Y</span><sub style="line-height: 20.8px;">t</sub><em> = </em>Y<sub>t-1</sub> + 0.3691 (Y<sub>t-1</sub> - Y<sub>t-2</sub>) When Y<sub>t</sub> is the time series data at time t, respectively. <iframe src="https://publications.waset.org/abstracts/10818.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Box%E2%80%93Jenkins%20method" title="Box鈥揓enkins method">Box鈥揓enkins method</a>, <a href="https://publications.waset.org/abstracts/search?q=Holt%E2%80%99s%20method" title=" Holt鈥檚 method"> Holt鈥檚 method</a>, <a href="https://publications.waset.org/abstracts/search?q=mean%20absolute%20percentage%20error%20%28MAPE%29" title=" mean absolute percentage error (MAPE)"> mean absolute percentage error (MAPE)</a>, <a href="https://publications.waset.org/abstracts/search?q=exchange%20rate" title=" exchange rate"> exchange rate</a> </p> <a href="https://publications.waset.org/abstracts/10818/forecasting-exchange-rate-between-thai-baht-and-the-us-dollar-using-time-series-analysis" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/10818.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">254</span> </span> </div> </div> </div> </main> <footer> <div id="infolinks" class="pt-3 pb-2"> <div class="container"> <div style="background-color:#f5f5f5;" class="p-3"> <div class="row"> <div class="col-md-2"> <ul class="list-unstyled"> About <li><a href="https://waset.org/page/support">About Us</a></li> <li><a href="https://waset.org/page/support#legal-information">Legal</a></li> <li><a target="_blank" rel="nofollow" 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