Advance Sustainable Science, Engineering and Technology (ASSET)
Vol 6, No 1 (2024): November-January

Optimizing Predictive Accuracy: A Study of K-Medoids and Backpropagation for MPX2 Oil Sales Forecasting

Ramadhan, Ryan Akbar (Unknown)
Swanjaya, Daniel (Unknown)
Helilintar, Risa (Unknown)



Article Info

Publish Date
21 Dec 2023

Abstract

This study evaluates the use of K-Medoids and Backpropagation methods for predicting MPX2 Oil sales in the automotive workshop industry, which is crucial for meeting customer demands and refining sales strategies. Utilizing transaction data from 2022 to 2023, the study involves normalizing and processing this data with these algorithms to forecast stock levels, focusing on accuracy measures such as Mean Absolute Deviation (MAD) and Mean Squared Error (MSE). K-Medoids assist in identifying customer purchase patterns through clustering, while Backpropagation effectively predicts sales trends, enhancing accuracy through training. Implementing K-Medoids and Backpropagation algorithms in the research resulted in  MSE value of 0.01969 and  MAD value of 0.12200. These values indicate a high level of accuracy in the MPX2 Oil sales predictive model, as lower MSE and MAD values suggest greater accuracy and precision in forecasting. These findings provide valuable insights into the dynamics of MPX2 Oil sales, enabling companies to improve marketing strategies, transaction management, and inventory strategies.

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Journal Info

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Subject

Chemical Engineering, Chemistry & Bioengineering Control & Systems Engineering Electrical & Electronics Engineering Energy Materials Science & Nanotechnology

Description

This journal aims to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of science, engineering, and ...