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All Journal IJID (International Journal on Informatics for Development) Abdimas Galuh: Jurnal Pengabdian Kepada Masyarakat
Ramadhan, Ade Umar
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Agriculture, Biological Sciences & Forestry Computer Science & IT Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Nursing

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Journal : ijid international journal on informatics for development

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Price Forecasting of Chili Variant Commodities Using Radial Basis Function Neural Network Ramadhan, Ade Umar; Siregar, Maria Ulfah; Nafisah, Syifaun; Anshari, Muhammad; Ndungi, Rebeccah; Mulyawan, Rizki; Nurochman, Nurochman; Gunawan, Eko Hadi
IJID (International Journal on Informatics for Development) Vol. 12 No. 1 (2023): IJID June
Publisher : Faculty of Science and Technology, UIN Sunan Kalijaga Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/ijid.2023.5129

Abstract

This study addresses the challenge of price instability in chili markets, which can lead to economic losses and inflation. To mitigate this issue, we propose a machine learning model using Radial Basis Function Neural Networks (RBFNN) to predict prices of various chili variants. Our quantitative approach involves a comprehensive data preparation process, including preprocessing and normalization of time series data collected from 2018 to 2022. The RBFNN model is constructed with K-Means clustering for optimal hidden layer configurations and evaluated using Mean Absolute Percentage Error (MAPE) and Root Mean Square Error (RMSE). The results demonstrate promising accuracy, with MAPE error rates below 20% and relatively low RMSE values for large red chili (10.37%, 4484) and curly red chili (14.77%, 5590). Our findings indicate the potential for creating a reliable forecast model for predicting chili prices over 7 days, enabling better supply and demand management. The study's results also suggest that increased training data enhances forecasting accuracy. This research contributes to the development of effective price forecasting models, providing valuable insights for policymakers and stakeholders in the chili industry.
Price Forecasting of Chili Variant Commodities Using Radial Basis Function Neural Network Ramadhan, Ade Umar; Siregar, Maria Ulfah; Nafisah, Syifaun; Anshari, Muhammad; Ndungi, Rebeccah; Mulyawan, Rizki; Nurochman, Nurochman; Gunawan, Eko Hadi
IJID (International Journal on Informatics for Development) Vol. 12 No. 1 (2023): IJID June
Publisher : Faculty of Science and Technology, Universitas Islam Negeri (UIN) Sunan Kalijaga Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/ijid.2023.5129

Abstract

This study addresses the challenge of price instability in chili markets, which can lead to economic losses and inflation. To mitigate this issue, we propose a machine learning model using Radial Basis Function Neural Networks (RBFNN) to predict prices of various chili variants. Our quantitative approach involves a comprehensive data preparation process, including preprocessing and normalization of time series data collected from 2018 to 2022. The RBFNN model is constructed with K-Means clustering for optimal hidden layer configurations and evaluated using Mean Absolute Percentage Error (MAPE) and Root Mean Square Error (RMSE). The results demonstrate promising accuracy, with MAPE error rates below 20% and relatively low RMSE values for large red chili (10.37%, 4484) and curly red chili (14.77%, 5590). Our findings indicate the potential for creating a reliable forecast model for predicting chili prices over 7 days, enabling better supply and demand management. The study's results also suggest that increased training data enhances forecasting accuracy. This research contributes to the development of effective price forecasting models, providing valuable insights for policymakers and stakeholders in the chili industry.
Co-Authors Gunawan, Eko Hadi Maria Ulfah Siregar Muhammad Anshari, Muhammad Mulyawan, Rizki Ndungi, Rebeccah Nurochman Nurochman Subarkah, Alfianita Atiq Junaelis Syifaun Nafisah