OPTIMIZING TIME SERIES FORECASTING: LEVERAGING MACHINE LEARNING MODELS FOR ENHANCED PREDICTIVE ACCURACY

Engaging in investment activities plays a crucial and strategic role in fostering the growth of businesses and ensuring their resilience in the market. This involvement entails expenditures on acquiring assets, embracing technological advancements, expanding production capacities, conducting research and development, among various other domains. Collectively, these aspects form the foundation for the sustained success of an organization over the long term. This thesis will delve into an exploration of leveraging machine learning techniques to forecast key parameters in business, including investments and their impact on the financial health of the company. In this research, explored a variety of time series models and identified that both the Random Forest Regressor and Decision Tree Regressor models deliver superior accuracy, showcasing identical RMSE values of 88.36 on the validation dataset. Furthermore, the Cat Boost and Light GBM models exhibited praiseworthy performance, registering RMSE values of 92.47 and 104.69, respectively. These findings highlight the robust performance of Random Forest Regressor and Decision Tree Regressor, emphasizing their capability to provide accurate predictions. It is noted that Random Forest Regressor and Decision Tree Regressor are distinguished by high accuracy in time series forecasting, and the choice between them should take into account the trade-offs between computational efficiency and interpretability of the model. These results allow us to propose practical strategies for managing investment resources to ensure the sustainable development and prosperity of the enterprise in the long term.

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Publication Details

Journal
Informatyka Automatyka Pomiary w Gospodarce i Ochronie Środowiska
Published
2024-12-21
DOI
https://doi.org/10.35784/iapgos.6295
Primary Topic
Stock Market Forecasting Methods
Type
article
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article

OPTIMIZING TIME SERIES FORECASTING: LEVERAGING MACHINE LEARNING MODELS FOR ENHANCED PREDICTIVE ACCURACY

Assel Abdildayeva, Ardak Akhmetova, Waldemar Wójcik, Assem Shayakhmetova et al.
Informatyka Automatyka Pomiary w Gospodarce i Ochronie Środowiska
Stock Market Forecasting Methods
article

OPTIMIZING TIME SERIES FORECASTING: LEVERAGING MACHINE LEARNING MODELS FOR ENHANCED PREDICTIVE ACCURACY

Assel Abdildayeva, Ardak Akhmetova, Waldemar Wójcik, Assem Shayakhmetova, Galymzhan Baurzhanuly Nurtugan
article en

Abstract

Engaging in investment activities plays a crucial and strategic role in fostering the growth of businesses and ensuring their resilience in the market. This involvement entails expenditures on acquiring assets, embracing technological advancements, expanding production capacities, conducting research and development, among various other domains. Collectively, these aspects form the foundation for the sustained success of an organization over the long term. This thesis will delve into an exploration of leveraging machine learning techniques to forecast key parameters in business, including investments and their impact on the financial health of the company. In this research, explored a variety of time series models and identified that both the Random Forest Regressor and Decision Tree Regressor models deliver superior accuracy, showcasing identical RMSE values of 88.36 on the validation dataset. Furthermore, the Cat Boost and Light GBM models exhibited praiseworthy performance, registering RMSE values of 92.47 and 104.69, respectively. These findings highlight the robust performance of Random Forest Regressor and Decision Tree Regressor, emphasizing their capability to provide accurate predictions. It is noted that Random Forest Regressor and Decision Tree Regressor are distinguished by high accuracy in time series forecasting, and the choice between them should take into account the trade-offs between computational efficiency and interpretability of the model. These results allow us to propose practical strategies for managing investment resources to ensure the sustainable development and prosperity of the enterprise in the long term.

Informatyka Automatyka Pomiary w Gospodarce i Ochronie ŚrodowiskaVol. 14(4)
Al-Farabi Kazakh National University (KZ), Lublin University of Technology (PL)
Openalex Percentile: Top 71%
Stock Market Forecasting Methods
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