ARIMA Model Accurately Forecasts GDP Movements in Nepal, Boosting Economic Planning
The researchers used a method called ARIMA to predict how Nepal's GDP would change over time. They looked at data from 1960 to 2018 and found that the ARIMA (0,1,2) model was the best fit for the GDP trends. The model accurately forecasted GDP movements within a 95% confidence interval, showing that it can effectively capture Nepal's economic growth.
