proem

Decision Sciences

2 years ago

LSTM Model Outperforms ARIMA in Predicting Profits with 97% Accuracy

IEEE Access

Profit Prediction Using ARIMA, SARIMA and LSTM Models in Time Series Forecasting: A Comparison

Uppala Meena Sirisha, Manjula C. Belavagi, Girija Attigeri

Paper Summary

Decision Sciences

2 years ago

LSTM Model Outperforms ARIMA in Predicting Profits with 97% Accuracy

IEEE Access

Profit Prediction Using ARIMA, SARIMA and LSTM Models in Time Series Forecasting: A Comparison

Uppala Meena Sirisha, Manjula C. Belavagi, Girija Attigeri

Paper Summary

Time series forecasting is crucial for predicting profits in businesses. Researchers compared three methods - ARIMA, SARIMA, and LSTM - to forecast profits accurately. They found that LSTM had the highest accuracy at 97.01%, outperforming ARIMA and SARIMA. This means LSTM is the best model for predicting profits in the future.