Forecasting Imports in OECD Member Countries and Iran by Using Neural Network Algorithms of LSTM

Fuente: arXiv
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Autores principales: Khajoui, Soheila, Dehyadegari, Saeid, Jalaee, Sayyed Abdolmajid
Formato: Preprint
Publicado: 2024
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author Khajoui, Soheila
Dehyadegari, Saeid
Jalaee, Sayyed Abdolmajid
author_facet Khajoui, Soheila
Dehyadegari, Saeid
Jalaee, Sayyed Abdolmajid
contents Artificial Neural Networks (ANN) which are a branch of artificial intelligence, have shown their high value in lots of applications and are used as a suitable forecasting method. Therefore, this study aims at forecasting imports in OECD member selected countries and Iran for 20 seasons from 2021 to 2025 by means of ANN. Data related to the imports of such countries collected over 50 years from 1970 to 2019 from valid resources including World Bank, WTO, IFM,the data turned into seasonal data to increase the number of collected data for better performance and high accuracy of the network by using Diz formula that there were totally 200 data related to imports. This study has used LSTM to analyse data in Pycharm. 75% of data considered as training data and 25% considered as test data and the results of the analysis were forecasted with 99% accuracy which revealed the validity and reliability of the output. Since the imports is consumption function and since the consumption is influenced during Covid-19 Pandemic, so it is time-consuming to correct and improve it to be influential on the imports, thus the imports in the years after Covid-19 Pandemic has had a fluctuating trend.
format Preprint
id arxiv_https___arxiv_org_abs_2402_01648
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Forecasting Imports in OECD Member Countries and Iran by Using Neural Network Algorithms of LSTM
Khajoui, Soheila
Dehyadegari, Saeid
Jalaee, Sayyed Abdolmajid
Computers and Society
Machine Learning
General Economics
Economics
Artificial Neural Networks (ANN) which are a branch of artificial intelligence, have shown their high value in lots of applications and are used as a suitable forecasting method. Therefore, this study aims at forecasting imports in OECD member selected countries and Iran for 20 seasons from 2021 to 2025 by means of ANN. Data related to the imports of such countries collected over 50 years from 1970 to 2019 from valid resources including World Bank, WTO, IFM,the data turned into seasonal data to increase the number of collected data for better performance and high accuracy of the network by using Diz formula that there were totally 200 data related to imports. This study has used LSTM to analyse data in Pycharm. 75% of data considered as training data and 25% considered as test data and the results of the analysis were forecasted with 99% accuracy which revealed the validity and reliability of the output. Since the imports is consumption function and since the consumption is influenced during Covid-19 Pandemic, so it is time-consuming to correct and improve it to be influential on the imports, thus the imports in the years after Covid-19 Pandemic has had a fluctuating trend.
title Forecasting Imports in OECD Member Countries and Iran by Using Neural Network Algorithms of LSTM
topic Computers and Society
Machine Learning
General Economics
Economics
url https://arxiv.org/abs/2402.01648