Brent Crude Oil Price Forecasting using the Cascade Forward Neural Network

Crude oil is one of the most traded non-food products or commodities in world. In Indonesia, crude will still be a contributor to gross domestic product 2021. The excessive consumption fuel (BBM) Indonesia has resulted scarcity oil, especially diesel. Forecasting price Brent an important effort anticipate fluctuations oil. cascade-forward neural network (CFNN) method proposed forecast prices because its superiority fluctuating data types. used this research period January 2008 December 2022. CFNN evaluated using mean absolute percentage error (MAPE) choose best architectural model. Architectural Model predict next 12 months. After 10 model trials, 2-6-1 became with MAPE training value 6.3473% and testing 9.4689%. results for months tends experience downward trend until 2023.