Annisa Martina
UIN Sunan Gunung Djati Bandung

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Sales Demand Forecasting Using One of Multivariate Markov Chain Model Parameter Annisa Martina
International Journal on Information and Communication Technology (IJoICT) Vol. 6 No. 2 (2020): December 2020
Publisher : School of Computing, Telkom University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21108/IJOICT.2020.62.533

Abstract

The imbalance between demand and supply is frequently occurred in a market. This is due to the availability of goods that cannot match with the demand or the growth rate of customer. This is not preferable since the profit is not on the track. In contrast, the goods are probably over supplied so that company has to expense additional cost for extra storage. Both situations can be anticipated if the demand is precisely estimated. Therefore, in this study we will estimate demand in market situation by implementing multivariate Markov chain model. Multivariate Markov chain model is popular model for forecasting by observing current state in various applications. This model is compatible with 5 data sequences (product types) defined as product A, product B, product C, product D and product E, with 6 conditions (no sales volume, very slow-moving, slow-moving, standard, fast moving, and very fast moving). As the result, the highest transition probability value for the sales demand in a company is found at the transition probability matrix from product C to product C, from very fast moving to very fast-moving condition, which had the highest probability value 0.625 with the highest frequency 105 times.
Multivariate Markov Chain Model for Sales Demand Estimation in a Company Annisa Martina
International Journal on Information and Communication Technology (IJoICT) Vol. 7 No. 2 (2021): December 2021
Publisher : School of Computing, Telkom University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21108/ijoict.v7i2.604

Abstract

Estimation of the number of demands for a product must be done correctly, so that the company can get maximum profit. Therefore, this study discusses how to estimate the amount of sales demand in a company correctly. The model that will be used to estimate sales demand is the Multivariate Markov Chain Model. This model can estimate the future state by observing the present state. The model requires parameter estimation values ​​first, namely the transition probability matrix and the weighted Markov chain, where in previous studies an estimation of the transition probability matrix has been carried out, so that in this study we will continue to estimate the weighted Markov chain parameters. This model is compatible with 5 data sequences (product types) defined as product 1, product 2, product 3, product 4, and product 5, with 6 conditions (no sales volume, very slow-moving, slow-moving, standard, fast moving, and very fast moving). As the result, the state probability for product 1, product 2 and product 3 in company 1 are stationary at state 6 (very fast moving), product 4 and product 5 are stationary at state 2 (very slow moving).
Application of Singular Spectrum Analysis (SSA) Decomposition in Artificial Neural Network (ANN) Forecasting Annisa Martina; Irwan Girana
International Journal on Information and Communication Technology (IJoICT) Vol. 10 No. 1 (2024): Vol. 10 No.1 June 2024
Publisher : School of Computing, Telkom University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21108/ijoict.v10i1.870

Abstract

Over time, various forecasting methods have been introduced. An example is the Hybrid model. This model can enhance the forecast accuracy compared to a single model. The Hybrid Singular Spectrum Analysis (SSA)-Artificial Neural Network (ANN) model combines the concepts of decomposition and forecasting. The Hybrid SSA-ANN forecasting works through two stages. Firstly, SSA decomposes the data into trend, seasonal, noise, and residue components. Secondly, the decomposed data is predicted using the ANN model, specifically the LSTM and GRU models. The Hybrid SSA-ANN model has been proven to improve forecasting accuracy. The Hybrid SSA-LSTM model improves the forecast accuracy by 78% compared to the single LSTM forecasting model. This can be seen from the respective RMSE values of 4.36 changing to 0.97 and MAPE values of 5.2% changing to 1.16%. Similarly, the Hybrid SSA-GRU model improves the forecast accuracy by 79% compared to the single GRU forecasting model. This can be observed from the respective RMSE values of 4.86 changing to 1.01 and MAPE values of 6.33% changing to 1.36%. In a case study using weekly data of crude oil's opening prices, the application of SSA decomposition can enhance the forecast accuracy by 78-79% in ANN forecasting