KUBIK: Jurnal Publikasi Ilmiah Matematika
Vol 10 No 1 (2025): IN PRESS

Implementation of BiLSTM to Predict World Crude Oil Prices

Sari, Firda Yunita (Unknown)
Ulinnuha, Nurissaidah (Unknown)



Article Info

Publish Date
30 May 2025

Abstract

The main source of energy worldwide is crude oil, which is used by almost all countries as an energy source. Crude oil plays a key role in driving the global economy, especially in the industrial and transportation sectors. Along with technological developments, crude oil price predictions can be made more sophisticated using artificial intelligence-based methods, one of which is the Bidirectional Long Short-Term Memory (BiLSTM) method which is a development of the Long Short-Term Memory (LSTM) method by combining past and future information when processing sequential data, BiLSTM uses forward and backward LSTM simultaneously to increase accuracy. The study used world crude oil price data for 1 year. There are 57 tests with several parameters such as data division, number of neurons, batch size, and activation function. After testing with the BiLSTM method for 57 scenarios, there is the smallest MAPE value of 0.09% at a data division of 90:10, number of neurons 100, batch size of value 4, and ReLu activation function. The resulting prediction model is highly accurate based on the MAPE criterion value.

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Journal Info

Abbrev

kubik

Publisher

Subject

Computer Science & IT Economics, Econometrics & Finance Mathematics

Description

Fuzzy Systems and its Applications Geometry Theories and its Applications Graph Theories and its Applications Real Analysis and its Applications Operation Research and its Applications Statistical Theories and its Applications Dinamical Systems and its Applications Mathematics Modeling and its ...