Grouping the consumer price index

Grouping the consumer price index

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Covid-19 is an infectious disease caused by acute respiratory syndrome coronavirus 2 (severe acute respiratory syndrome coronavirus 2 or SARS-CoV-2). It makes the decrease of people's purchasing power. Meanwhile, the economic growth indicates the success of a country's economic development. Therefore, the Consumer Price Index occurs Inflation and D...

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... This study presents the analysis of the WMC model in predicting the TB morbidity rate in Indonesia. Many researchers have used the WMC method to predict a quantity, including Yang et al. for the probability interval of wind power in China [13], Gui and Choi for precipitation in Yangzhou [14], Yan et al. for mobile phone user mobility in China [15], and Siregar et al. for the consumer price index in Medan [16]. All previous studies show a satisfactory result. ...
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In this work, the Weighted Markov Chain (WMC) model for time series data forecasting is examined. The Markov Chain model has been generalized in this model. In order to forecast the morbidity rate in 2021, the WMC model was used to data on tuberculosis (TB) morbidity rates in Indonesia from 2000 to 2020. The WMC model's output takes the form of a state that is represented by the interval that contains the expected morbidity. In the first stage, the simulation results of the WMC model are analyzed, with an emphasis on the number of states and the biggest step in the Markov chain. In this research, the maximum step and the number of states were combined in 10 different ways. The analysis's study revealed that the maximum step and the number of states had no impact on the predictive value of the morbidity rate. The WMC model's projections for the morbidity rate in 2021 are presented in the second stage. These forecasts are then verified by the predictions from the Simple Exponential Smoothing (SES) approach, and it is concluded that these predictions are fairly consistent.