2023
DOI: 10.1155/2023/6285328
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Forecasting the Effectiveness of COVID-19 Vaccination Using Vector Autoregressive with an Exogenous Variable: On the Cases of COVID-19 in Indonesia

Abstract: This study aims to forecast the COVID-19 spread in Indonesia involving vaccination factors using vector autoregressive with exogenous variables (VARX). The COVID-19 spread represented by active, recovered, and death case rate indicators acts as endogenous variables, while the COVID-19 vaccination represented by second-dose vaccination rates acts as exogenous variables. Because the sum of three COVID-19 spread indicators in one day is one, only two indicators with the highest correlation rates are involved in V… Show more

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“…The limitation of the VAR model is the lack of built-on economic theory that imposes a theoretical structure on the equation; and this makes a direct interpretation of the estimated coefficients difficult (Gupta et al, 2020). Despite this limitation, the VAR model is applied in various fields such as economics (Nicholson et al, 2017;Hamzah et al, 2020;Muschilati & Irsalinda, 2020;Putri et al, 2021), ecology (Lui et al, 2007), energy (Usman et al, 2019;Farih & Prastyo, 2022), health ( (Sukono et al, 2023) and environment (Damon & Guillas, 2002;(Gweba et al, 2023).…”
Section: Discussionmentioning
confidence: 99%
“…The limitation of the VAR model is the lack of built-on economic theory that imposes a theoretical structure on the equation; and this makes a direct interpretation of the estimated coefficients difficult (Gupta et al, 2020). Despite this limitation, the VAR model is applied in various fields such as economics (Nicholson et al, 2017;Hamzah et al, 2020;Muschilati & Irsalinda, 2020;Putri et al, 2021), ecology (Lui et al, 2007), energy (Usman et al, 2019;Farih & Prastyo, 2022), health ( (Sukono et al, 2023) and environment (Damon & Guillas, 2002;(Gweba et al, 2023).…”
Section: Discussionmentioning
confidence: 99%