The oil industries are an important part of a country’s economy.The crude oil’s price is influenced by a wide range of variables.Therefore,how accurately can countries predict its behavior and what predictors to emp...The oil industries are an important part of a country’s economy.The crude oil’s price is influenced by a wide range of variables.Therefore,how accurately can countries predict its behavior and what predictors to employ are two main questions.In this view,we propose utilizing deep learning and ensemble learning techniques to boost crude oil’s price forecasting performance.The suggested method is based on a deep learning snapshot ensemble method of the Transformer model.To examine the superiority of the proposed model,this paper compares the proposed deep learning ensemble model against different machine learning and statistical models for daily Organization of the Petroleum Exporting Countries(OPEC)oil price forecasting.Experimental results demonstrated the outperformance of the proposed method over statistical and machine learning methods.More precisely,the proposed snapshot ensemble of Transformer method achieved relative improvement in the forecasting performance compared to autoregressive integrated moving average ARIMA(1,1,1),ARIMA(0,1,1),autoregressive moving average(ARMA)(0,1),vector autoregression(VAR),random walk(RW),support vector machine(SVM),and random forests(RF)models by 99.94%,99.62%,99.87%,99.65%,7.55%,98.38%,and 99.35%,respectively,according to mean square error metric.展开更多
The price prediction task is a well-studied problem due to its impact on the business domain.There are several research studies that have been conducted to predict the future price of items by capturing the patterns o...The price prediction task is a well-studied problem due to its impact on the business domain.There are several research studies that have been conducted to predict the future price of items by capturing the patterns of price change,but there is very limited work to study the price prediction of seasonal goods(e.g.,Christmas gifts).Seasonal items’prices have different patterns than normal items;this can be linked to the offers and discounted prices of seasonal items.This lack of research studies motivates the current work to investigate the problem of seasonal items’prices as a time series task.We proposed utilizing two different approaches to address this problem,namely,1)machine learning(ML)-based models and 2)deep learning(DL)-based models.Thus,this research tuned a set of well-known predictive models on a real-life dataset.Those models are ensemble learning-based models,random forest,Ridge,Lasso,and Linear regression.Moreover,two new DL architectures based on gated recurrent unit(GRU)and long short-term memory(LSTM)models are proposed.Then,the performance of the utilized ensemble learning and classic ML models are compared against the proposed two DL architectures on different accuracy metrics,where the evaluation includes both numerical and visual comparisons of the examined models.The obtained results show that the ensemble learning models outperformed the classic machine learning-based models(e.g.,linear regression and random forest)and the DL-based models.展开更多
文摘The oil industries are an important part of a country’s economy.The crude oil’s price is influenced by a wide range of variables.Therefore,how accurately can countries predict its behavior and what predictors to employ are two main questions.In this view,we propose utilizing deep learning and ensemble learning techniques to boost crude oil’s price forecasting performance.The suggested method is based on a deep learning snapshot ensemble method of the Transformer model.To examine the superiority of the proposed model,this paper compares the proposed deep learning ensemble model against different machine learning and statistical models for daily Organization of the Petroleum Exporting Countries(OPEC)oil price forecasting.Experimental results demonstrated the outperformance of the proposed method over statistical and machine learning methods.More precisely,the proposed snapshot ensemble of Transformer method achieved relative improvement in the forecasting performance compared to autoregressive integrated moving average ARIMA(1,1,1),ARIMA(0,1,1),autoregressive moving average(ARMA)(0,1),vector autoregression(VAR),random walk(RW),support vector machine(SVM),and random forests(RF)models by 99.94%,99.62%,99.87%,99.65%,7.55%,98.38%,and 99.35%,respectively,according to mean square error metric.
文摘The price prediction task is a well-studied problem due to its impact on the business domain.There are several research studies that have been conducted to predict the future price of items by capturing the patterns of price change,but there is very limited work to study the price prediction of seasonal goods(e.g.,Christmas gifts).Seasonal items’prices have different patterns than normal items;this can be linked to the offers and discounted prices of seasonal items.This lack of research studies motivates the current work to investigate the problem of seasonal items’prices as a time series task.We proposed utilizing two different approaches to address this problem,namely,1)machine learning(ML)-based models and 2)deep learning(DL)-based models.Thus,this research tuned a set of well-known predictive models on a real-life dataset.Those models are ensemble learning-based models,random forest,Ridge,Lasso,and Linear regression.Moreover,two new DL architectures based on gated recurrent unit(GRU)and long short-term memory(LSTM)models are proposed.Then,the performance of the utilized ensemble learning and classic ML models are compared against the proposed two DL architectures on different accuracy metrics,where the evaluation includes both numerical and visual comparisons of the examined models.The obtained results show that the ensemble learning models outperformed the classic machine learning-based models(e.g.,linear regression and random forest)and the DL-based models.
