Araştırma Makalesi

Forecasting Türkiye's Paper and Paper Products Sector Import Using Artificial Neural Networks

Cilt: 17 Sayı: 2 31 Ağustos 2024
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Forecasting Türkiye's Paper and Paper Products Sector Import Using Artificial Neural Networks

Öz

The paper and paper products sector is a crucial component of the Turkish economy, characterized by significant interactions with various other sectors. Türkiye imports substantial amounts of paper, playing a vital role in the growth and sustainability of this sector. Accurate import forecasting is essential for strategic planning and resource management. This study aims to forecast the imports of the Turkish paper sector for the period from April 2023 to March 2024 using two artificial neural network (ANN) models: Multilayer Perceptron (MLP) and Radial Basis Function (RBF). The dataset, obtained from the Turkish Statistical Institute (TurkStat), covers 219 months of data from 2005 to 2023. The dependent variable is Türkiye’s monthly import value of paper and paper products, while the independent variables include the monthly average US Dollar exchange rate, monthly imports of Türkiye, the Manufacturing Industry Production Index, the Paper Production Index, and the monthly exports of paper and paper products from Türkiye. The MLP model forecasts that the monthly imports of paper and paper products will range between 270 to 300 million USD, while the RBF model predicts values between 268 and 321 million USD. These findings underscore the efficacy of ANNs in providing accurate and reliable forecasts. This study addresses a gap in the literature by applying ANN methods to forecast imports in the paper and paper products sector, presenting a novel approach that can assist companies in making better-informed decisions regarding inventory management, production planning, and marketing strategies. By leveraging the advanced computational power and pattern recognition capabilities of ANNs, the study aims to enhance the strategic planning processes in the paper and paper products industry. The traditional methods often used in trade data analysis and forecasting are limited in capturing the complex and non-linear relationships present in economic data. This study's application of ANNs offers a significant advancement by utilizing models that can better handle such complexities. The accuracy of the MLP and RBF models highlights their potential as valuable tools for economic forecasting, providing insights that are crucial for optimizing supply chain operations and improving market responsiveness. The results indicate that companies can achieve better operational performance and increased customer satisfaction by effectively forecasting future import requirements. The originality of this study lies in its methodological approach, utilizing ANN models to forecast import values in a sector where traditional methods have been predominant. This innovative approach not only contributes to the existing body of knowledge but also offers practical applications for businesses within the sector. The detailed analysis of the data, combined with the robust modeling techniques employed, provides a comprehensive framework for understanding the dynamics of paper imports and making strategic decisions based on accurate predictions. In conclusion, the study demonstrates the significant success of artificial neural networks in predicting import values for the Turkish paper and paper products sector. The findings provide valuable information that can aid companies in strategic planning, enhancing their ability to manage inventory, plan production, and develop effective market strategies. The research contributes to the literature by filling a gap with its innovative approach, offering new perspectives and practical applications for improving decision-making processes in the industry.

Anahtar Kelimeler

Kaynakça

  1. Akyüz, K. C., Yildirim, İ., Akyüz, İ., & Tugay, T. (2017). Investigation of Financial Performance of Companies in the Sector of Paper and Paper Products Operating in Borsa İstanbul, 4. Uluslarrası Mobilya ve Dekorasyon Kongresi, 2017. Retrieved from: https://avesis.ktu.edu.tr/yayin/0c6abce5-71ac-4340-aee6-97b57f8a3299/investigation-of-financial-performance-of-companies-in-the-sector-of-paper-and-paper-products-operating-in-borsa-istanbul
  2. Anderton, B. (1999). Innovation, product quality, variety, and trade performance: an empirical analysis of Germany and the UK. Oxford Economic Papers, 51(1), 152-167. https://doi.org/10.1093/oep/51.1.152
  3. Barrow, D. K. & Kourentzes, N. (2016). Distributions of forecasting errors of forecast combinations: implications for inventory management. International Journal of Production Economics, 177, 24-33. https://doi.org/10.1016/j.ijpe.2016.03.017
  4. Buhmann, M. D. (2000). Radial basis functions. Acta numerica, 9, 1-38. https://doi.org/10.1017/S0962492900000015
  5. Central Bank of the Republic of Türkiye Electronic Data Distribution System (CBRT-EVDS), https://evds2.tcmb.gov.tr/index.php?/evds/serieMarket Access Date: 27.06.2023
  6. Crespo, N., & Fontoura, M. P. (2007). Determinant factors of FDI spillovers–what do we really know?. World development, 35(3), 410-425. https://doi.org/10.1016/j.worlddev.2006.04.001
  7. Dumor, K., & Yao, L. (2019). Estimating china’s trade with its partner countries within the belt and road initiative using neural network analysis. Sustainability, 11(5), 1449. https://doi.org/10.3390/su11051449
  8. Egrioğlu, E., & Bas, E. (2023). A new deep neural network for forecasting: deep dendritic artificial neural network.. https://doi.org/10.21203/rs.3.rs-2913556/v1

Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonometrik ve İstatistiksel Yöntemler

Bölüm

Araştırma Makalesi

Erken Görünüm Tarihi

10 Haziran 2024

Yayımlanma Tarihi

31 Ağustos 2024

Gönderilme Tarihi

14 Temmuz 2023

Kabul Tarihi

15 Mayıs 2024

Yayımlandığı Sayı

Yıl 2024 Cilt: 17 Sayı: 2

Kaynak Göster

APA
Eşidir, K. A., & Gür, Y. E. (2024). Forecasting Türkiye’s Paper and Paper Products Sector Import Using Artificial Neural Networks. Hitit Sosyal Bilimler Dergisi, 17(2), 206-224. https://doi.org/10.17218/hititsbd.1327799
AMA
1.Eşidir KA, Gür YE. Forecasting Türkiye’s Paper and Paper Products Sector Import Using Artificial Neural Networks. Hitit Sosyal Bilimler Dergisi. 2024;17(2):206-224. doi:10.17218/hititsbd.1327799
Chicago
Eşidir, Kamil Abdullah, ve Yunus Emre Gür. 2024. “Forecasting Türkiye’s Paper and Paper Products Sector Import Using Artificial Neural Networks”. Hitit Sosyal Bilimler Dergisi 17 (2): 206-24. https://doi.org/10.17218/hititsbd.1327799.
EndNote
Eşidir KA, Gür YE (01 Ağustos 2024) Forecasting Türkiye’s Paper and Paper Products Sector Import Using Artificial Neural Networks. Hitit Sosyal Bilimler Dergisi 17 2 206–224.
IEEE
[1]K. A. Eşidir ve Y. E. Gür, “Forecasting Türkiye’s Paper and Paper Products Sector Import Using Artificial Neural Networks”, Hitit Sosyal Bilimler Dergisi, c. 17, sy 2, ss. 206–224, Ağu. 2024, doi: 10.17218/hititsbd.1327799.
ISNAD
Eşidir, Kamil Abdullah - Gür, Yunus Emre. “Forecasting Türkiye’s Paper and Paper Products Sector Import Using Artificial Neural Networks”. Hitit Sosyal Bilimler Dergisi 17/2 (01 Ağustos 2024): 206-224. https://doi.org/10.17218/hititsbd.1327799.
JAMA
1.Eşidir KA, Gür YE. Forecasting Türkiye’s Paper and Paper Products Sector Import Using Artificial Neural Networks. Hitit Sosyal Bilimler Dergisi. 2024;17:206–224.
MLA
Eşidir, Kamil Abdullah, ve Yunus Emre Gür. “Forecasting Türkiye’s Paper and Paper Products Sector Import Using Artificial Neural Networks”. Hitit Sosyal Bilimler Dergisi, c. 17, sy 2, Ağustos 2024, ss. 206-24, doi:10.17218/hititsbd.1327799.
Vancouver
1.Kamil Abdullah Eşidir, Yunus Emre Gür. Forecasting Türkiye’s Paper and Paper Products Sector Import Using Artificial Neural Networks. Hitit Sosyal Bilimler Dergisi. 01 Ağustos 2024;17(2):206-24. doi:10.17218/hititsbd.1327799

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