Proceedings of the 2019 International Conference on Modeling, Simulation and Big Data Analysis (MSBDA 2019)

Raw Grain Price Forecasting with Regression Analysis

Authors
Nan Liu, Junwei Yu
Corresponding Author
Junwei Yu
Available Online August 2019.
DOI
10.2991/msbda-19.2019.58How to use a DOI?
Keywords
Grain price forecasting, Multivariate linear regression, Neural network, LSTM
Abstract

Grain price stability and food security are important in all countries. The accurate forecasting of grain price can help the farmer, grain processing enterprise and government make wise decision. A raw grain price dataset is formed with public available data and the raw grain purchase price index is set as the target variable to predict. Three regression models of multivariate linear regression, shallow artificial neural networks and long-short term memory(LSTM) are studied in this paper. Comparative analysis results show that artificial neural network model outperforms the other models in price forecasting on a small dataset. To improve the prediction accuracy of LSTM, the sampling frequency must be increased to get more data to learn the trend and seasonality of grain price.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

Volume Title
Proceedings of the 2019 International Conference on Modeling, Simulation and Big Data Analysis (MSBDA 2019)
Series
Advances in Computer Science Research
Publication Date
August 2019
ISBN
978-94-6252-784-3
ISSN
2352-538X
DOI
10.2991/msbda-19.2019.58How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Nan Liu
AU  - Junwei Yu
PY  - 2019/08
DA  - 2019/08
TI  - Raw Grain Price Forecasting with Regression Analysis
BT  - Proceedings of the 2019 International Conference on Modeling, Simulation and Big Data Analysis (MSBDA 2019)
PB  - Atlantis Press
SP  - 372
EP  - 378
SN  - 2352-538X
UR  - https://doi.org/10.2991/msbda-19.2019.58
DO  - 10.2991/msbda-19.2019.58
ID  - Liu2019/08
ER  -