MODELS FOR TIME SERIES FORECASTING USING ARIMA AND LSTM IN ECONOMICS AND FINANCE
Time series forecasting is a crucial task in economics, business, and finance. Traditionally, forecasting methods such as autoregression (AR), moving average (MA), exponential smoothing (SES), and, most commonly, the autoregressive integrated moving average (ARIMA) model are used. The ARIMA model has demonstrated high accuracy in predicting future time series values. With the advancement of computational power and deep learning algorithms, new approaches to forecasting have emerged.