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ZENODO
Article . 2025
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
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Forecasting Analysis of Palm Oil FFB Price with Holt-Winters Approach: Case Study in Riau Province

Authors: Rado Yendra; Abdul Rahman; Achmad Riyan; Aulia Azira Putri; Aulia Fakhrunnisa; Banyu Zantaka Primasta; Dian Desti Ananda;

Forecasting Analysis of Palm Oil FFB Price with Holt-Winters Approach: Case Study in Riau Province

Abstract

The price of oil palm Fresh Fruit Bunches (FFB) fluctuates and is influenced by various factors such as the price of crude palm oil (CPO), market demand, and weather conditions, forecasting FFB prices is important for industry players and farmers in making decisions. The data used is FFB price data in Riau Province in a certain period. The forecasting process was carried out using R software with the forecast package. The results showed that the Holt- Winters model was able to capture trend and seasonal patterns in FFB price data with a high level of accuracy. model evaluation was carried out using Mean Absolute Error (MAE) as the main metric for measuring the level of forecasting error. The MAE value obtained shows that this model can provide a fairly accurate estimation of FFB prices. It is expected that the results of this study can be a reference for farmers and stakeholders in planning business strategies and palm oil industry policies.

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Keywords

FFB, forecast, Holt-Winters, Mean Absolute Error (MAE).

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
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