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Predict the trend of economic indicators in time series based on recurrent neural network combined with leading indicators.

Authors :
Wu, Jimmy Ming-Tai
Tsai, Meng-Hsiun
Cheng, Chao-Chieh
Wu, Mu-En
Source :
Journal of Intelligent & Fuzzy Systems; 2022, Vol. 43 Issue 2, p2179-2189, 11p
Publication Year :
2022

Abstract

With the rise in popularity of personal computers and decreasing cost, even a personal computer can execute complex and large calculations. So more researchers can invest in AI and machine learning. Humans can't handle massive data sets or data that requires a long time to read and evaluate, whereas big data frameworks can read and analyze in a reasonable time. So relevant research has increased recently. In the social sciences, machine learning is used to forecast future trends and the index trend. Keeping up with current events is crucial nowadays to debate countermeasures in time. This study combines economic indicators from 1988 to 2017 with leading indicators and other types of indicators. The recurrent neural network model predicts economic index trends and tests multiple variables. The proposed methods measure the error in predicting future trends in different models to learn which indicators work well together. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
10641246
Volume :
43
Issue :
2
Database :
Complementary Index
Journal :
Journal of Intelligent & Fuzzy Systems
Publication Type :
Academic Journal
Accession number :
157790848
Full Text :
https://doi.org/10.3233/JIFS-219317