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Journal : Journal of Applied Data Sciences

Enhancing Sharia Stock Price Forecasting using a Hybrid ARIMA-LSTM with Locally Weighted Scatterplot Smoothing Regression Approach Gunaryati, Aris; Mutiara, Achmad Benny; Puspitodjati, Sulistyo
Journal of Applied Data Sciences Vol 6, No 1: JANUARY 2025
Publisher : Bright Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47738/jads.v6i1.514

Abstract

Predicting Sharia stock prices is complex because it has high volatility and non-linear data patterns. To improve the accuracy of the forecast, the right technique is needed according to the existing data pattern. One of the techniques currently developing is integrating (hybrid) two forecasting models. This study proposes a hybrid autoregressive integrated moving average (ARIMA) and long short-term memory (LSTM) model with the locally weighted scatterplot smoothing (lowess) linear regression technique. This model is designed by creating a linear regression between the actual value and the predicted results of the ARIMA and LSTM models using the Lowess technique. The dataset used here is the closing stock prices of four Indonesian Islamic banking companies. The hybrid ARIMA-LSTM model with lowess linear regression significantly outperforms the individual ARIMA and LSTM models because it produces better performance metrics, namely mean square error (MSE), root mean square error (RMSE), mean absolute error (MAE), and mean absolute percentage error (MAPE), for training and testing datasets. The proposed hybrid model effectively reduces noise, and the model can capture complex patterns in the Sharia stock price dataset, and the prediction results are more accurate. The accuracy values for training data and data testing datasets were respectively 97.6% and 98.3% (BANK. JK), 98.3% and 98.2% (BRIS. JK), 99.4% and 99.5% (BTPN. JK), and 97.7% and 99.3% (PNBS. JK).
Improving MCDM University Rankings through Statistical Validation Using Spearman’s Correlation and THE Benchmark Andryana, Septi; Mantoro, Teddy; Gunaryati, Aris; Raffliansyah, Alfarizky Esah
Journal of Applied Data Sciences Vol 6, No 3: September 2025
Publisher : Bright Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47738/jads.v6i3.796

Abstract

The evaluation of higher education institutions is a critical field for informing data-driven policy and institutional benchmarking. A key problem in this area is the lack of transparency and consistency in university rankings, particularly when using Multi-Criteria Decision-Making (MCDM) methods such as MABAC and MAIRCA, with limited research on how weighting techniques affect the reliability and alignment of these rankings with international standards like the Times Higher Education (THE) Rankings. This study proposes the use of MABAC and MAIRCA methods combined with two weighting techniques—Rank Order Centroid (ROC) and Rank Sum (RS)—to assess 20 top Indonesian universities based on five performance indicators: research quality, research environment, teaching, industry, and international outlook. Spearman’s rank correlation is used to compare the MCDM-generated rankings with THE Rankings 2025. The study contributes empirical evidence on the impact of weighting schemes on the consistency and reliability of university rankings and demonstrates that the MAIRCA-ROC method achieves the highest agreement with THE Rankings, with a correlation coefficient of 0.8135 and a p-value of 0.00001. These results validate the use of MCDM methods in higher education evaluation and emphasize the importance of selecting appropriate weighting techniques to develop transparent and robust ranking frameworks that support evidence-based policy decisions.