A time series analysis for sales of chicken based food product
This study provides a time series analysis and interpretation of the output for forecast sales of chicken based food product of weekly sales data. These data were collected directly from the outlet shop of one factory in Malacca started from January 2015 to December 2016. Methods of forecasting incl...
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| Format: | Conference or Workshop Item |
| Language: | en |
| Published: |
2021
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| Online Access: | http://eprints.uthm.edu.my/2618/1/P12648_52071b6faf45269b556bfb96ba67f27c.pdf http://eprints.uthm.edu.my/2618/ |
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| author | Amir Hamzah, Diyana Izyan Rusiman, Mohd Saifullah Che Him, Norziha Shafi, Muhammad Ammar Alma, Ozlem Gurunlu Suhartono, Suhartono |
| author_facet | Amir Hamzah, Diyana Izyan Rusiman, Mohd Saifullah Che Him, Norziha Shafi, Muhammad Ammar Alma, Ozlem Gurunlu Suhartono, Suhartono |
| author_sort | Amir Hamzah, Diyana Izyan |
| building | UTHM Library |
| collection | Institutional Repository |
| content_provider | Universiti Tun Hussein Onn Malaysia |
| content_source | UTHM Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | This study provides a time series analysis and interpretation of the output for forecast sales of chicken based food product of weekly sales data. These data were collected directly from the outlet shop of one factory in Malacca started from January 2015 to December 2016. Methods of forecasting include autoregressive (AR) method and simple exponential smoothing (SES) method. The accuracy for both methods will be compared using mean squared error (MSE), mean absolute percentage error (MAPE) and mean absolute deviation (MAD). There will be 1 period ahead of predictions for AR method and 1 period ahead for SES method. This analysis found that AR method with AR (1) model is more accurate than SES method and can be used for the future prediction of chicken based food product of weekly sales data. Recommendations for future study is trying out other method to analyse this sales of chicken based food product and using R software to analyse the dataset. |
| format | Conference or Workshop Item |
| id | my.uthm.eprints-2618 |
| institution | Universiti Tun Hussein Onn Malaysia |
| language | en |
| publishDate | 2021 |
| record_format | eprints |
| spelling | my.uthm.eprints-26182021-10-25T07:55:49Z http://eprints.uthm.edu.my/2618/ A time series analysis for sales of chicken based food product Amir Hamzah, Diyana Izyan Rusiman, Mohd Saifullah Che Him, Norziha Shafi, Muhammad Ammar Alma, Ozlem Gurunlu Suhartono, Suhartono HG4001-4285 Finance management. Business finance. Corporation finance This study provides a time series analysis and interpretation of the output for forecast sales of chicken based food product of weekly sales data. These data were collected directly from the outlet shop of one factory in Malacca started from January 2015 to December 2016. Methods of forecasting include autoregressive (AR) method and simple exponential smoothing (SES) method. The accuracy for both methods will be compared using mean squared error (MSE), mean absolute percentage error (MAPE) and mean absolute deviation (MAD). There will be 1 period ahead of predictions for AR method and 1 period ahead for SES method. This analysis found that AR method with AR (1) model is more accurate than SES method and can be used for the future prediction of chicken based food product of weekly sales data. Recommendations for future study is trying out other method to analyse this sales of chicken based food product and using R software to analyse the dataset. 2021 Conference or Workshop Item PeerReviewed text en http://eprints.uthm.edu.my/2618/1/P12648_52071b6faf45269b556bfb96ba67f27c.pdf Amir Hamzah, Diyana Izyan and Rusiman, Mohd Saifullah and Che Him, Norziha and Shafi, Muhammad Ammar and Alma, Ozlem Gurunlu and Suhartono, Suhartono (2021) A time series analysis for sales of chicken based food product. In: https://doi.org/10.1063/5.0053699, 1-2 December 2020, UTHM. |
| spellingShingle | HG4001-4285 Finance management. Business finance. Corporation finance Amir Hamzah, Diyana Izyan Rusiman, Mohd Saifullah Che Him, Norziha Shafi, Muhammad Ammar Alma, Ozlem Gurunlu Suhartono, Suhartono A time series analysis for sales of chicken based food product |
| title | A time series analysis for sales of chicken based food product |
| title_full | A time series analysis for sales of chicken based food product |
| title_fullStr | A time series analysis for sales of chicken based food product |
| title_full_unstemmed | A time series analysis for sales of chicken based food product |
| title_short | A time series analysis for sales of chicken based food product |
| title_sort | time series analysis for sales of chicken based food product |
| topic | HG4001-4285 Finance management. Business finance. Corporation finance |
| url | http://eprints.uthm.edu.my/2618/1/P12648_52071b6faf45269b556bfb96ba67f27c.pdf http://eprints.uthm.edu.my/2618/ |
| url_provider | http://eprints.uthm.edu.my/ |