Forecasting Dry Rubber Production in Indonesia for the Year 2022 Using Pegel's Exponential Smoothing Method with Modified Golden Section Optimization
DOI:
https://doi.org/10.20956/j.v21i2.37158Keywords:
Pegel’s Eksponential Smoothing, Modified Golden Section, Dry RubberAbstract
Pegel’s Exponential Smoothing is a forecasting method that considers separating trend and seasonal aspects, with additive and multiplicative models. Pegel’s Exponential Smoothing has three parameters, α, β, and γ. Many possible parameter combinations may yield an optimal solution, so a modified Golden Section method is used. The principle of this method is to iteratively reduce the boundary area of x that may produce an optimal objective function value, systematically decreasing the number of search steps to minimize the number of trials. Data obtained from the Central Bureau of Statistics regarding the amount of dry rubber production in Indonesian plantations from January 2017 to December 2022 is assumed to contain a multiplicative seasonal effect due to the relatively unstable seasonal pattern heights. This study compares three trend models: no trend, additive trend, and multiplicative trend in the multiplicative seasonal Pegel’s Exponential Smoothing method. This study aims to predict the amount of dry rubber production in Indonesian plantations from January 2022 to December 2022. Forecast validation results show that the multiplicative trend in the multiplicative seasonal Pegel’s Exponential Smoothing method, with a MAPE of 3.389001% and an RMSE of 8,839.965080, has the best forecasting accuracy for this data compared to the other three trend models.
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