PREDICTION OF INDONESIAN CRUDE OIL PRICES (ICP) FOR 2023-2024 BY USING WEKA SOFTWARE

Abstract

1. Crude oil price fluctuations in Indonesia, as in many other countries, were influenced by a combination of global and domestic factors over the 5-year period. The following are some of the main factors contributing to crude oil price fluctuations in Indonesia: - Rising geopolitical tensions in several regions in the Middle East. - Currency Exchange Rates (Indonesian Rupiah (IDR) and United States Dollar (USD)). - OPEC and International Agreements. And Etc. 2. The results obtained in this study using test indicators, namely MAE, MAPE, RMSE, and MSE of the M5 Prime (M5P) algorithm have a small percentage compared to the percentage results of the Random Forest (RF) algorithm.