Page 450 - Contributed Paper Session (CPS) - Volume 4

CPS2564 Tiffany Rizkika et al.
Based on the table above, model 7 is the best of Nowcast Model.
4) Comparison Model for Non-volatile food price
Here is comparison graph of HK-BPS price, IQR.Spline Model, KDE.Spline
Model, Nowcast Model (Model 7).

5. Conclusion
1. The study has shown that the best model to nowcast volatile food price
(weekly) is Distributed Lag Model.
2. For non-volatile commodities, the IQR-Spline model perform best for long
bean and mackerel commodities whereas the KDE-Spline model best for
the commodity of instant dry noodles, peanuts, and vegetable tomato,
long beans, and mackerel.

References
1. BPS. (2012). Diagram Timbang Indeks Harga Konsumen Hasil Survei Biaya
Hidup 2012. Jakarta.
2. Baltagi, B. H. (2011). Distributed Lags and Dynamic Models. In
Econometrics (S. 131-147).
3. Han, J., Kamber, M., & Pei, J. (2012). Data Mining: Concepts and
Techniques. San Francisco, CA, itd: Morgan Kaufmann.
https://doi.org/10.1016/B978-0-12-381479-1.00001-0
4. Kim, J., Cha, M., & Lee, J. G. (2017). Nowcasting commodity prices using
social media. PeerJ Computer Science, 3, e126.
https://doi.org/10.7717/peerj-cs.126

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