Leveraging Predictive Analytics and the Sustainable Livelihood Framework for Rural Enterprise: The Case of Coconut Coir Bags Production in the Philippines
Remegia C. Jacob | Richelle D. Maylad | Maylen G. Eroa
Discipline: Marketing
Abstract:
This study examines the potential
opportunities for coconut coir bags as sustainable
livelihood products in some rural regions of the
Philippines. The research employs a quantitative
methodology based on the Sustainable
Livelihood Framework (SLF) and the Technology
Acceptance Model (TAM), utilizing Microsoft
Power BI as the primary tool for predictive
data analytics and visualization. The study
noted that agricultural waste, such as coconut
coir, recognized as abundant and sustainable, is
critical for production due to its low cost and
environmental benefits. A profit of 60% per unit
sold is estimated based on data analysis. As reflected in the responses of domestic tourists, there is an apparent inclination towards purchasing products with a
moderate to high spending appetite and a clearly defined perception of value
related to such environmentally friendly products. Power BI is utilized for data
visualization and to predict the company’s future needs, which helps identify
the required production level. Visual analysis from dashboards enables better
strategic decision-making since the economic logic of product development
using coir to promote entrepreneurship in rural areas is viable. Furthermore,
this analysis supports Sustainable Development Goals (SDGs) 12 and 13 by
promoting eco-sensitive consumption, circular economy strategies, innovative
design approaches, and environmental accountability in product development.
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