Development of a Predictive Analytics Solution for Forecasting Rice Demand in Quezon Province Using Multiple Regression Algorithm
Area of Research
Abstract
The study focuses on the development of predictive
analytic solution for forecasting rice demand in Quezon.
Inaccurate rice demand forecast could lead to incorrect volume
and ill-timing of rice imports which could result in either a waste
of resources for the government or a burden to consumers
especially the food establishments and households which consider
rice as one of the primary commodity. The data used in the study
came from the Office of the Provincial Agriculturist and
Philippine Statistics Authority that served as predictors used in the
system. Multiple regression algorithm is used to forecast the
demand of rice in Quezon province together with the predictors
used like year, food wastage, net production of rice and demand
per capita. CRISP-DM was used as software development
methodology in fulfilling the requirement method and business
objectives of the study. The forecast results of the system was
compared to the results of the data analysis feature of Microsoft
Excel and also the training and testing of datasets which show that
the forecasted demand is close to the actual demand of rice.
Keywords
Multiple Regression
Predictive Analytics
Forecasting Rice Demand
Prediction
CRISP-DM Methodology
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