Kajian Model Chen dan Model Lee pada Metode Fuzzy Time Series serta Peramalan pada Produksi Crude Palm Oil (CPO)
The Study of the Chen and Lee Models in the Fuzzy Time Series Method and Forecasting of Crude Palm Oil (CPO) Productions
Abstract
This study aims to examine two forecasting models, namely the Chen model
and the Lee model, applied to the Fuzzy Time Series method in predicting the
production of crude palm oil (CPO) in Riau Province. The data used is secondary data
on CPO production from the Central Bureau of Statistics (BPS) of Riau Province
between 2018 and 2022. The Chen and Lee models are implemented to predict
production values, and the forecast results are compared using the Mean Absolute
Percentage Error (MAPE) as an accuracy measure. The results of the study indicate
that both models are capable of forecasting CPO production with different levels of
accuracy. For the predicted result in January 2023, the FTS Chen model forecasts
795,061.5 tons with an accuracy of MAPE 6.316%, while the FTS Lee model forecasts
748,307.4 tons with an accuracy of MAPE 5.195%. The Lee model demonstrated better
predictive accuracy than the Chen Model, as indicated by the lower MAPE value. This
study is expected to assist relevant parties in planning future CPO production.
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- Undergraduate Theses [1407]