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Journal : Jurnal RESTI (Rekayasa Sistem dan Teknologi Informasi)

Brent Crude Oil Price Forecasting using the Cascade Forward Neural Network Fatkhurokhman Fauzi; Dewi Ratnasari Wijaya; Tiani Wahyu Utami
Jurnal RESTI (Rekayasa Sistem dan Teknologi Informasi) Vol 7 No 4 (2023): August 2023
Publisher : Ikatan Ahli Informatika Indonesia (IAII)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29207/resti.v7i4.5052

Abstract

Crude oil is one of the most traded non-food products or commodities in the world. In Indonesia, crude oil will still be a contributor to the gross domestic product in 2021. The excessive consumption of fuel oil (BBM) in Indonesia has resulted in a scarcity of crude oil, especially diesel. Forecasting the price of Brent crude oil is an important effort to anticipate fluctuations in the price of fuel oil. The cascade-forward neural network (CFNN) method is proposed to forecast fuel prices because of its superiority in fluctuating data types. The data used in this research is the price of Brent crude oil in the period January 2008 to December 2022. The CFNN method will be evaluated using the mean absolute percentage error (MAPE) to choose the best architectural model. The best Architectural Model is used to predict the next 12 months. After 10 architectural model trials, 2-6-1 became the best model with a MAPE data training value of 6.3473% and MAPE data testing of 9.4689%. Forecasting the results for Brent crude oil for the next 12 months tends to experience a downward trend until December 2023.
Co-Authors Abdul Rohman Agus Rusgiyono Aisyah Lahdji, Aisyah Alan Prahutama Alan Prahutama Alwan Fadlurohman Amrullah, Setiawan Anissatush Sholiha Arianti, Irma Arini Rizky Wahyuningtyas Aulia, Syifa Aura Hisani, Zahra Ayu Wulandari Azqia Fajriyani Biru, Pelangi Langit Dannu Purwanto Devi Nurlita Dewi Ratnasari Wijaya Dhani, Oktaviana Rahma Dheanyta Alif Shafira Diana Wahyu Safitri Dwi Ispriyanti Eko Yuliyanto, Eko Elvia Nanda Sofiyanti Endah Suryaningsih Endang Tri Wahyuni Maharani Fathikatul Arnanda Fatkhurokhman Fauzi Fatkhurokhman Fauzi Fatmawati Nurjanah Fauzi, Fatkhurokhman Hanif Nur Ibrahim Hasbi Yasin Hikmah Nur Rohim, Febrian Iffah Norma Hidayati Ihsan Fathoni Amri Iis Widya Harmoko Iis Widya Harmoko, Iis Widya Imaroh Izzatun Indah Manfaati Nur Indah Sulistiya Indra Firmansyah Iqbal Kharisudin Ismawati - Juwita Rahayu Laila Khoirun Nisa Lia Miftakhul Janah M. Al Haris M. Saifudin Nur Martyana Prihaswati Maulana Afham Mifta Luthfin Alfiani Moh Yamin Darsyah Moh Yamin Darsyah Moh. Yamin Darsyah Nila Amelinda Putri Nur Chamidah Nursamsiah Nursamsiah Pranandira Rilvandri, Quinsy Prizka Rismawati Arum Rahma Dhani, Oktaviana Rahman, Budiono Rahmi, Mulya Asy-syifa Rizma Novinda Puteri Rochdi Wasono Rochdi Wasono Roosyidah, Nila Ayu Nur Salmaa Fauziah Septi Winda Utami Setiayani, Wiwik Silvia Tri Wahyuni Sri Kustiara Sudarno Sudarno Sugito Sugito Suherdi, Andri Suparti Suparti Suparti Suparti Suparti, S. Syaifullah, Ahmad Reyhan Toha Saifudin Ujang Maulana Ujiati Suci Rahayu Ulinuha, Samikoh Vega Zayu Varima Velia Arni Widyasari Wahyu Putri Pratiwii Wisudawati, Dinda Tri Yulianita, Tanti Yuliardi, Fahrul Raditiar Yusnia Kriswanto