Predicting Revenues and Expenditures Using Artificial Neural Network and Autoregressive Integrated Moving Average

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Abstract

The Saudi government has now set up several strategic strategies to predict the country's future, such as Saudi Vision 2030. Mathematical model and forecasting methods are significant instruments to achieve superior development in the country's economy. In this research, the Kingdom of Saudi Arabia's revenues and expenditures are predicted using models of the Artificial Neural Network (ANN) and Autoregressive Integrated Moving Average (ARIMA). This article uses statistical software to forecast a time series data using ANN and ARIMA models on Kingdom of Saudi Arabia's total revenues and expenses from 1969 to 2018. The models ANN and ARIMA (1, 0, 0), ARIMA (0, 1, 1) and ARIMA (1,1,2) are found to be suitable for predicting the full revenue and expenditure of the Kingdom of Saudi Arabia.

Original languageEnglish
Title of host publication2020 International Conference on Computing and Information Technology, ICCIT 2020
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781728126807
DOIs
StatePublished - 9 Sep 2020
Event2020 International Conference on Computing and Information Technology, ICCIT 2020 - Tabuk, Saudi Arabia
Duration: 9 Sep 202010 Sep 2020

Publication series

Name2020 International Conference on Computing and Information Technology, ICCIT 2020

Conference

Conference2020 International Conference on Computing and Information Technology, ICCIT 2020
Country/TerritorySaudi Arabia
CityTabuk
Period9/09/2010/09/20

Keywords

  • Artificial Neural Networks (ANN)
  • Autoregressive Integrated Moving Average (ARIMA)
  • Exports
  • Forecasting
  • Imports and Kingdom of Saudi Arabia

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