Adaptive learning algorithm based price prediction model for auction lots—deep clustering based interval quoting

This article addresses the problem of interval pricing for auction items by constructing an auction item price prediction model based on an adaptive learning algorithm. Firstly, considering the confusing class characteristics of auction item prices, a dynamic inter-class distance adaptive learning model is developed to identify confusing classes by calculating the differences in prediction values across multiple classifiers for target domain samples. The difference in the predicted values of the target domain samples on multiple classifiers is used to calculate the classification distance, distinguish the confusing classes, and make the similar samples in the target domain more clustered. Secondly, a deep clustering algorithm is constructed, which integrates the temporal characteristics and numerical differences of auction item prices, using DTW-K-medoids based dynamic time warping (DTW) and fuzzy C-means (FCM) algorithms for fine clustering. Finally, the KF-LSTM auction item interval price prediction model is constructed using long short-term memory (LSTM) and dual clustering. Experimental results show that the proposed KF-LSTM model significantly improves the prediction accuracy of auction item prices during fluctuation periods, with an average accuracy rate of 90.23% and an average MAPE of only 5.41%. Additionally, under confidence levels of 80%, 85%, and 90%, the KF-LSTM model achieves an interval coverage rate of over 85% for actual auction item prices, significantly enhancing the accuracy of auction item price predictions. This experiment demonstrates the stability and accuracy of the proposed model when applied to different sets of auction items, providing a valuable reference for research in the auction item price prediction field.

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Publication Details

Journal
PeerJ Computer Science
Published
2024-11-07
DOI
https://doi.org/10.7717/peerj-cs.2412
Citations
1
Primary Topic
Housing Market and Economics
Type
article
Field-Weighted Citation Impact
1.13
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article

Adaptive learning algorithm based price prediction model for auction lots—deep clustering based interval quoting

Da Ke, Muhammad Asif, Xianhua Fan
1 citations
PeerJ Computer Science
Housing Market and Economics
1.13
article

Adaptive learning algorithm based price prediction model for auction lots—deep clustering based interval quoting

Da Ke, Muhammad Asif, Xianhua Fan
article en
1 citations

Abstract

This article addresses the problem of interval pricing for auction items by constructing an auction item price prediction model based on an adaptive learning algorithm. Firstly, considering the confusing class characteristics of auction item prices, a dynamic inter-class distance adaptive learning model is developed to identify confusing classes by calculating the differences in prediction values across multiple classifiers for target domain samples. The difference in the predicted values of the target domain samples on multiple classifiers is used to calculate the classification distance, distinguish the confusing classes, and make the similar samples in the target domain more clustered. Secondly, a deep clustering algorithm is constructed, which integrates the temporal characteristics and numerical differences of auction item prices, using DTW-K-medoids based dynamic time warping (DTW) and fuzzy C-means (FCM) algorithms for fine clustering. Finally, the KF-LSTM auction item interval price prediction model is constructed using long short-term memory (LSTM) and dual clustering. Experimental results show that the proposed KF-LSTM model significantly improves the prediction accuracy of auction item prices during fluctuation periods, with an average accuracy rate of 90.23% and an average MAPE of only 5.41%. Additionally, under confidence levels of 80%, 85%, and 90%, the KF-LSTM model achieves an interval coverage rate of over 85% for actual auction item prices, significantly enhancing the accuracy of auction item price predictions. This experiment demonstrates the stability and accuracy of the proposed model when applied to different sets of auction items, providing a valuable reference for research in the auction item price prediction field.

PeerJ Computer ScienceVol. 10
China University of Geosciences (CN), Huazhong University of Science and Technology (CN), National Textile University (PK)
Openalex Percentile: Top 11%
Housing Market and Economics
1.13
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