scholarly journals A Machine Learning Approach to Forecast Economic Recessions—An Italian Case Study

Mathematics ◽  
2020 ◽  
Vol 8 (2) ◽  
pp. 241
Author(s):  
Giovanni Cicceri ◽  
Giuseppe Inserra ◽  
Michele Limosani

In economic activity, recessions represent a period of failure in Gross Domestic Product (GDP) and usually are presented as episodic and non-linear. For this reason, they are difficult to predict and appear as one of the main problems in macroeconomics forecasts. A classic example turns out to be the great recession that occurred between 2008 and 2009 that was not predicted. In this paper, the goal is to give a different, although complementary, approach concerning the classical econometric techniques, and to show how Machine Learning (ML) techniques may improve short-term forecasting accuracy. As a case study, we use Italian data on GDP and a few related variables. In particular, we evaluate the goodness of fit of the forecasting proposed model in a case study of the Italian GDP. The algorithm is trained on Italian macroeconomic variables over the period 1995:Q1-2019:Q2. We also compare the results using the same dataset through Classic Linear Regression Model. As a result, both statistical and ML approaches are able to predict economic downturns but higher accuracy is obtained using Nonlinear Autoregressive with exogenous variables (NARX) model.

Energies ◽  
2021 ◽  
Vol 14 (5) ◽  
pp. 1377
Author(s):  
Musaab I. Magzoub ◽  
Raj Kiran ◽  
Saeed Salehi ◽  
Ibnelwaleed A. Hussein ◽  
Mustafa S. Nasser

The traditional way to mitigate loss circulation in drilling operations is to use preventative and curative materials. However, it is difficult to quantify the amount of materials from every possible combination to produce customized rheological properties. In this study, machine learning (ML) is used to develop a framework to identify material composition for loss circulation applications based on the desired rheological characteristics. The relation between the rheological properties and the mud components for polyacrylamide/polyethyleneimine (PAM/PEI)-based mud is assessed experimentally. Four different ML algorithms were implemented to model the rheological data for various mud components at different concentrations and testing conditions. These four algorithms include (a) k-Nearest Neighbor, (b) Random Forest, (c) Gradient Boosting, and (d) AdaBoosting. The Gradient Boosting model showed the highest accuracy (91 and 74% for plastic and apparent viscosity, respectively), which can be further used for hydraulic calculations. Overall, the experimental study presented in this paper, together with the proposed ML-based framework, adds valuable information to the design of PAM/PEI-based mud. The ML models allowed a wide range of rheology assessments for various drilling fluid formulations with a mean accuracy of up to 91%. The case study has shown that with the appropriate combination of materials, reasonable rheological properties could be achieved to prevent loss circulation by managing the equivalent circulating density (ECD).


2019 ◽  
Vol 1 (1) ◽  
pp. 32-44
Author(s):  
Joseph Simonian ◽  
Chenwei Wu ◽  
Daniel Itano ◽  
Vyshaal Narayanam

2022 ◽  
pp. 181-194
Author(s):  
Bala Krishna Priya G. ◽  
Jabeen Sultana ◽  
Usha Rani M.

Mining Telugu news data and categorizing based on public sentiments is quite important since a lot of fake news emerged with rise of social media. Identifying whether news text is positive, negative, or neutral and later classifying the data in which areas they fall like business, editorial, entertainment, nation, and sports is included throughout this research work. This research work proposes an efficient model by adopting machine learning classifiers to perform classification on Telugu news data. The results obtained by various machine-learning models are compared, and an efficient model is found, and it is observed that the proposed model outperformed with reference to accuracy, precision, recall, and F1-score.


Author(s):  
Eisha Akanksha

Abnormal level of stress is the root indicator factor to have significant impact over the health of heart and there is a close relationship between the stress levels with heart rate. Review of the existing literature showcase that there has been various work that has been carried out towards investigation of considering heart rate with an internet-of-things (IoT) system. Apart from this, existing system doesnt offer any instantaneous solution where certain intimation is offered in real-time to the user with wearables as a solution to control the stress condition. Therefore, the current paper introduces a novel framework where the sampled heart rates of the patients are captured by IoT deivices. The aggregated data are further forwarded to the cloud analytic system that uses correlation to extract the appropriate message. The system after being applied with teh machine learning approach could further extract the elite outcome followed by forwarding the contextual data to teh user. Using an analytical modelliig, the proposed system shows that it offers better accuracy and reduced processing time when compared with other machine learning approach and thereby it proves to be cost effective solution in IoT system over medical case study.


2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Shengyu Yan ◽  
Jibiao Zhou ◽  
Zhuanzhuan Zhao

Passenger crowding in a city bus is uneven and the most crowded area always appears in the wheelbase of the carriage. The present study aimed to provide a sensitive indicator of the most crowded area to schedule bus headways online using a binocular camera sensor. The algorithm of standee density in the wheelbase area (SDWA) was given by a nonlinear regression model considering standees’ preferences for the standing area, and its goodness of fit and continuity were tested. Considering the characteristics of city bus operation, the proportion of the number of interstops determined from the SDWA was used as a judgment index for passenger crowding. Based on the SDWA algorithm and the judgment index, an online headway model of city buses was proposed, and the feasibility of such a model was verified through a case study in Xi’an city. The proposed model might be beneficial to bus scheduling, seating provision, and bus design.


IEEE Access ◽  
2020 ◽  
Vol 8 ◽  
pp. 52713-52725 ◽  
Author(s):  
Annalisa Appice ◽  
Yulia R. Gel ◽  
Iliyan Iliev ◽  
Vyacheslav Lyubchich ◽  
Donato Malerba

Sign in / Sign up

Export Citation Format

Share Document