<doi_batch xmlns="http://www.crossref.org/schema/4.4.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" version="4.4.0"><head><doi_batch_id>36349ed6-d70b-47b1-a387-441f208949c2</doi_batch_id><timestamp>20220617045329017</timestamp><depositor><depositor_name>wseas:wseas</depositor_name><email_address>mdt@crossref.org</email_address></depositor><registrant>MDT Deposit</registrant></head><body><journal><journal_metadata language="en"><full_title>WSEAS TRANSACTIONS ON MATHEMATICS</full_title><issn media_type="electronic">2224-2880</issn><issn media_type="print">1109-2769</issn><archive_locations><archive name="Portico"/></archive_locations><doi_data><doi>10.37394/23206</doi><resource>http://wseas.org/wseas/cms.action?id=4051</resource></doi_data></journal_metadata><journal_issue><publication_date media_type="online"><month>1</month><day>5</day><year>2022</year></publication_date><publication_date media_type="print"><month>1</month><day>5</day><year>2022</year></publication_date><journal_volume><volume>21</volume><doi_data><doi>10.37394/23206.2022.21</doi><resource>https://wseas.com/journals/mathematics/2022.php</resource></doi_data></journal_volume></journal_issue><journal_article language="en"><titles><title>Implementation of Fuzzy C-Means in Investor Group in the Stock Market Post-Covid-19 Pandemic</title></titles><contributors><person_name sequence="first" contributor_role="author"><given_name>Aisyah</given_name><surname>Aryandani</surname><affiliation>Department of Statistics, Faculty of Mathematics and Science, Brawijaya University, Jl. Veteran, Malang 65145 East Java, INDONESIA</affiliation></person_name><person_name sequence="additional" contributor_role="author"><given_name>Solimun</given_name><surname>Solimun</surname><affiliation>Department of Statistics, Faculty of Mathematics and Science, Brawijaya University, Jl. Veteran, Malang 65145 East Java, INDONESIA</affiliation></person_name><person_name sequence="additional" contributor_role="author"><given_name>Nurjannah</given_name><surname>Nurjannah</surname><affiliation>Department of Statistics, Faculty of Mathematics and Science, Brawijaya University, Jl. Veteran, Malang 65145 East Java, INDONESIA</affiliation></person_name><person_name sequence="additional" contributor_role="author"><given_name>Adji Achmad Rinaldo</given_name><surname>Fernandes</surname><affiliation>Department of Statistics, Faculty of Mathematics and Science, Brawijaya University, Jl. Veteran, Malang 65145 East Java, INDONESIA</affiliation></person_name><person_name sequence="additional" contributor_role="author"><given_name>Achmad</given_name><surname>Efendi</surname><affiliation>Department of Statistics, Faculty of Mathematics and Science, Brawijaya University, Jl. Veteran, Malang 65145 East Java, INDONESIA</affiliation></person_name></contributors><jats:abstract xmlns:jats="http://www.ncbi.nlm.nih.gov/JATS1"><jats:p>This study aims to implement fuzzy c-means for groups of investors in the stock market post-covid-19 pandemic. The data used in this study is primary data generated by a Likert scale. Measurement of variables in primary data using the average score of each item. The sample selection of 100 investors is because it follows the central limit theory which says that the sampling distribution curve (for a sample size of 30 or more) will center on the population parameter values and will have all the properties of a normal distribution. This study uses an analytical method, namely fuzzy c-means. The results obtained in this study are the grouping of data into various types depending on the data for each parameter owned by the type of stock. The number of iterations is also very dependent on the value of the cluster center determined in the first iteration. Originality in this study is the object of research, namely post-pandemic stock market investors using a fairly reliable data grouping algorithm, namely Fuzzy C-Means, the algorithm groups data based on the characteristics of the data they have.</jats:p></jats:abstract><publication_date media_type="online"><month>6</month><day>17</day><year>2022</year></publication_date><publication_date media_type="print"><month>6</month><day>17</day><year>2022</year></publication_date><pages><first_page>415</first_page><last_page>423</last_page></pages><publisher_item><item_number item_number_type="article_number">49</item_number></publisher_item><ai:program xmlns:ai="http://www.crossref.org/AccessIndicators.xsd" name="AccessIndicators"><ai:free_to_read start_date="2022-06-17"/><ai:license_ref applies_to="am" start_date="2022-06-17">https://wseas.com/journals/mathematics/2022/a985106-026(2022).pdf</ai:license_ref></ai:program><archive_locations><archive name="Portico"/></archive_locations><doi_data><doi>10.37394/23206.2022.21.49</doi><resource>https://wseas.com/journals/mathematics/2022/a985106-026(2022).pdf</resource></doi_data><citation_list><citation key="ref0"><unstructured_citation>Solimun. 2010. Metode Partial Least SquarePLS. CV Citra Malang, Malang. </unstructured_citation></citation><citation key="ref1"><unstructured_citation>Saleh, M. (2009). Penilaian saham PT. Unilever Indonesia Tbk. pasca akuisisi bisnis kecap Bango (Doctoral dissertation, Universitas Gadjah Mada). </unstructured_citation></citation><citation key="ref2"><unstructured_citation>Supranto, J. (2004). Analisis Multivariat Arti dan Interpretasi. Jakarta: Rineka Cipta. </unstructured_citation></citation><citation key="ref3"><unstructured_citation>Hardle, W., &amp; Simar, L. (2003). Applied Multivariate Statistical Analysis, version 29th. </unstructured_citation></citation><citation key="ref4"><unstructured_citation>Mattjik, A. A., &amp; Sumertajaya, I. M. (2002). Design of Experiments with SAS and Minitab applications. </unstructured_citation></citation><citation key="ref5"><doi>10.1109/iccsce.2016.7893607</doi><unstructured_citation>Syafitri, A., Iwa, G. M., Gunawan, R., &amp; Ardita, I. M. (2016, November). Fuzzy-PID simulation on current performance for Modern Elevator. In 2016 6th IEEE International Conference on Control System, Computing and Engineering (ICCSCE) (pp. 403-406). IEEE. </unstructured_citation></citation><citation key="ref6"><unstructured_citation>Kusumadewi, S., &amp; Purnomo, H. (2010). Aplikasi logika fuzzy untuk sistem pendukung keputusan. Andi Offset, Yogyakarta. </unstructured_citation></citation><citation key="ref7"><unstructured_citation>Kusumadewi, S. (2007). Klasifikasi Kandungan Nutrisi Bahan Pangan Menggunakan Fuzzy C-Means. In Seminar Nasional Aplikasi Teknologi Informasi (SNATI). </unstructured_citation></citation><citation key="ref8"><doi>10.1016/j.simpat.2011.02.002</doi><unstructured_citation>Karim, T., Reda, B., &amp; Georges, H. (2011). Multi-objective supervisory flow control based on fuzzy interval arithmetic: Application for scheduling of manufacturing systems. Simulation Modelling Practice and Theory, 19(5), 1371-1383. </unstructured_citation></citation><citation key="ref9"><doi>10.14445/22312803/ijctt-v10p119</doi><unstructured_citation>Bora, D. J., Gupta, D., &amp; Kumar, A. (2014). A comparative study between fuzzy clustering algorithm and hard clustering algorithm. arXiv preprint arXiv:1404.6059. </unstructured_citation></citation><citation key="ref10"><doi>10.18495/comengapp.v1i1.3</doi><unstructured_citation>Sanmorino, A. (2012). Clustering batik images using fuzzy c-means algorithm based on log-average luminance. Computer Engineering and Applications Journal (ComEngApp), 1(1), 25-31. </unstructured_citation></citation><citation key="ref11"><doi>10.30595/techno.v22i1.7573</doi><unstructured_citation>Prasetyo, H., &amp; Sutisna, U. (2014). Implementasi Algoritma Logika Fuzzy untuk Sistem Pengaturan Lampu Lalu Lintas Menggunakan Mikrokontroler. Techno (Jurnal Fakultas Teknik, Universitas Muhammadiyah Purwokerto), 15(2), 01-08. </unstructured_citation></citation><citation key="ref12"><doi>10.32795/ds.v9i2.152</doi><unstructured_citation>Merliana, N. P. E. (2015). Perbandingan metode K-Means dengan fuzzy C-Means untuk analisa karakteristik mahasiswa berdasarkan kunjungan ke perpustakaan (Studi kasus Sekolah Tinggi Agama Hindu Negeri Tampung Penyang Palangka Raya) (Doctoral dissertation, UAJY). </unstructured_citation></citation><citation key="ref13"><doi>10.1108/ijlma-10-2016-0088</doi><unstructured_citation>Fernandes, A. A. R. and Solimun. (2017). Moderating effects orientation and innovation strategy on the effect of uncertainty on the performance of business environment. International Journal of Law and Management, 59(6), 1211-1219. </unstructured_citation></citation><citation key="ref14"><unstructured_citation>Jogiyanto, H. M. (2008). Metodologi penelitian sistem informasi. Yogyakarta: Andi Offset. </unstructured_citation></citation><citation key="ref15"><unstructured_citation>dan Houston, B. (2010). Dasar-dasar Manajemen Keuangan. Penerbit Salemba Empat, Jakarta. </unstructured_citation></citation><citation key="ref16"><doi>10.1108/jocm-11-2016-0247</doi><unstructured_citation>Sumardi, S. and Fernandes, A.A.R. (2018). The mediating effect of service quality and organizational commitment on the effect of management process alignment on higher education performance in Makassar, Indonesia. Journal of Organizational Change Management, 31(2), 410-425. </unstructured_citation></citation><citation key="ref17"><doi>10.24912/jmbk.v4i1.6805</doi><unstructured_citation>Dyasartika, D. (2021). Pengaruh Covid-19 Terhadap Perubahan Harga Dan Volume Perdagangan Saham (Studi Kasus Pada Perusahaan Farmasi Di Bei Periode September 2019 s/d SEPTEMBER 2020) (Doctoral dissertation, Universitas Muhammadiyah Ponorogo). </unstructured_citation></citation><citation key="ref18"><unstructured_citation>Tandelilin, E. (2010). Dasar-dasar Manajemen Investasi. Diambil dari http://repository. ut. ac. id/3823/1/EKMA5312-M1. pdf. </unstructured_citation></citation><citation key="ref19"><unstructured_citation>Musdalifah Azis, S. E., Mintarti, S., &amp; Maryam Nadir, S. E. (2015). Manajemen Investasi Fundamental, Teknikal, Perilaku Investor dan Return Saham. Deepublish. </unstructured_citation></citation><citation key="ref20"><doi>10.26533/jad.v3i2.696</doi><unstructured_citation>Saraswati, H. (2020). Dampak Pandemi Covid-19 Terhadap Pasar Saham Di Indonesia. JAD: Jurnal Riset Akuntansi dan Keuangan Dewantara, 3(2), 153-163. </unstructured_citation></citation><citation key="ref21"><unstructured_citation>Filbert, R., &amp; Prasetya, W. (2017). Investasi Saham ala Fundamentalis Dunia. Jakarta: PT Elex Media Komputindo. </unstructured_citation></citation><citation key="ref22"><doi>10.1016/j.jsps.2020.06.022</doi><unstructured_citation>Khan, S., Ali, A., Shi, H., Siddique, R., Nabi, G., Hu, J., ... &amp; Han, G. (2020). COVID-19: Clinical aspects and therapeutics responses. Saudi Pharmaceutical Journal, 28(8), 1004- 1008. </unstructured_citation></citation><citation key="ref23"><doi>10.31014/aior.1992.03.03.261</doi><unstructured_citation>AlAli, M. S. (2020). The effect of who COVID-19 announcement on Asian Stock Markets returns: an event study analysis. Journal of Economics and Business, 3(3). </unstructured_citation></citation><citation key="ref24"><doi>10.1108/ijlma-09-2016-0077</doi><unstructured_citation>Solimun and Fernandes, A.A.R. (2017), Investigation the mediating variable: What is necessary? (case study in management research), International Journal of Law and Management, 59(6), 1059-1067.</unstructured_citation></citation></citation_list></journal_article></journal></body></doi_batch>