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How Deep Learning Affect Price Forecasting of Agricultural Supply Chain?

Authors :
FEI JIANG
XIAO YA MA
YI YI LI
JIAN XIN LI
WEN LIANG CAO
JIN TONG
QIU YAN CHEN
HAI-FANG CHEN
ZI XUAN FU
Source :
Journal of Information Science & Engineering; Jul2023, Vol. 39 Issue 4, p809-823, 15p
Publication Year :
2023

Abstract

Due to the many factors that affect commodity prices, price forecasting has become a problematic research point. With the development of machine learning and artificial in-telligence, some advanced ensemble algorithms and deep learning prediction methods based on time series have high accuracy and robustness. These algorithms have gradually become the inevitable choice for solving price prediction problems. Based on the National Bureau of Statistics of China data from January 2012 to December 2021, this study pro-poses deep learning combined forecasting model based on neural networks to predict wheat prices and fill the research gap in agricultural product price forecasting. Researchers utilize Python and Selenium to realize the automatic data acquisition of web pages to achieve the purpose of data collection and calculation. The final price result curve pre-dicted by the price prediction model based on LSTM deep learning agrees with the actual price curve, and the mean square error MSE is only 0.00026. It shows that this prediction model based on time series influenced by multiple factors has an excellent application prospect in price prediction. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
10162364
Volume :
39
Issue :
4
Database :
Supplemental Index
Journal :
Journal of Information Science & Engineering
Publication Type :
Academic Journal
Accession number :
169718692
Full Text :
https://doi.org/10.6688/JISE,202307_39(4).0007