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Optimizing Predictive Accuracy: A Study of K-Medoids and Backpropagation for MPX2 Oil Sales Forecasting
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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DOI: https://doi.org/10.26877/asset.v6i1.17665
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Advance Sustainable Science, Engineering and Technology (ASSET)
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