Water resources planning and management are, more and more, becoming important issue for water use and flood control due to the population increase, urbanization, and climate change. In particular, the estimating and the forecasting inflow of dam is the most important hydrologic issue for flood control and reliable water supply. Therefore, this study forecasted monthly inflow of Soyang river dam using VARMA model and 3 machine learning models. The forecasting models were constructed using monthly inflow data in the period of 1974 to 2016 and then the inflows were forecasted at 12- and 24-month ahead lead times. As a result, the forecasted monthly inflows by the models mostly were less than the observed ones, but the peak time and the variation pattern were well forecasted. Especially, the VARMA model showed very good performance in the forecasting. Therefore, the result of this study indicates that the VARMA model can be used efficiently to forecast hydrologic data and also used to establish water supply and management plan.