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All Journal Journal of Artificial Intelligence and Engineering Applications (JAIEA)
Robby Wijaya
STMIK TIME
Automotive Engineering Computer Science & IT Control & Systems Engineering

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Implementation of the Gradient Boosting Algorithm for Palm Oil Price Prediction Wilbert Fernando; Hendri; Robby Wijaya
Journal of Artificial Intelligence and Engineering Applications (JAIEA) Vol. 5 No. 3 (2026): June 2026
Publisher : Yayasan Kita Menulis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59934/jaiea.v5i3.2316

Abstract

The price of palm oil is highly volatile due to the influence of global market dynamics, trade policies, and climate change, creating uncertainty for industry players in decision-making. This research aims to implement the XGBoost (Extreme Gradient Boosting) algorithm, optimized using Grid Search Cross-Validation, to predict palm oil prices. The dataset used is the Palm Oil Futures Historical Data.csv obtained from Kaggle, consisting of nine features. Data preprocessing is performed using StandardScaler for normalization, followed by model training with hyperparameter tuning. The system is built as a web-based application separating the frontend using PHP and Flask as the Backend API. Testing on 105 test data points yielded an MAE of 43.97, RMSE of 65.14, and R² of 91.82%, demonstrating the model’s strong ability to explain palm oil price variation. Based on the results, the XGBoost algorithm is suitable as a decision-support tool for commodity price prediction, achieving high accuracy consistent with standard criteria for commodity price forecasting and capable of handling large datasets.
Co-Authors Hendri Hendri Wilbert Fernando