An Application of ARIMA Models

Abstract

In this article, we present a practical application of the time series analysis technique. The subject of time series prediction is of considerable interest, especially for researchers in economics, engineering, medicine, and so on. The time series analyzed is the Term of Credit for commercial bank 48-month interest rates. We used an ARIMA(2,1,0) model to predict the value of future interest rates. Finally, some interesting remarks are made.