“…In this study, ARMA/ARIMA is developed and also examines the performance of the model using Mean Absolute Percentage Error (MAPE) and Root Mean Square Error (RMSE) (Ben Amor, Boubaker, & Belkacem, 2018;Goto & Taniguchi, 2019). As postulated by Box and Jenkins in the second half of the 1970s (Zhang et al, 2018), time series model had an autoregressive and moving average part (Gonçalves Mazzeu, Veiga, & Mariti, 2019). It means that Autoregressive (AR) and Moving Average (MA) are denoted as ARIMA (p, d, q) where p signifies the order of autoregressive process, d indicates the order of differencing of the timeseries data and qthe order of moving average process.…”