An Improved Parallel Heterogeneous Long Short-Term Memory Model with Bayesian Optimization for Time Series Prediction
Journal Title: International Journal of Experimental Research and Review - Year 2024, Vol 45, Issue 9
Abstract
Currently, Deep Learning (DL) with the Recurrent Neural Networks (RNN) variants is being applied successfully in many domains of Engineering for prediction. In view of the demand for precise forecasting and the aid of Artificial Intelligence Tools, time series prediction reveals a vital task in decision-making and risk assessment. However, the application of novel Recurrent DL models for obtaining an accurate prediction of time series is yet to be explored. Recent trends reveal that Hybrid Neural Networks and DL models are appropriate for time series forecasts. At the same time, the model's selection and the hyperparameter's tuning can greatly impact its performance. To address this problem, a parallel long-term memory (PLSTM) model integrated with Bayesian hyperparameter optimization (PLSTM-BO) is proposed for time series prediction. The model is tuned in terms of key parameters, including the number of neurons, dropout, learning rate, and optimization technique. The model's performance is assessed using the SARS-COVID-19 cumulative cases, deaths, recovery cases, and NIFTY 50 stock closing price time series dataset. The obtained results convey that the current model exhibits remarkable performance compared to existing models.
Authors and Affiliations
Tirupati G, Krishna Prasad MHM, Srinivasa Rao P
Keywords
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- EP ID EP752542
- DOI 10.52756/ijerr.2024.v45spl.009
- Views 34
- Downloads 1
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