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Prediction of Socio-Economic Indicators of the Megapolis Development on the Basis of the Intellectual Forecasting Information System “SHM Horizon”

Author

Listed:
  • Kitova, Olga
  • Dyakonova, Ludmila
  • Savinova, Victoria

Abstract

The article describes a system of hybrid models ‘SGM Horizon’ as intellectual forecasting information system. The system of forecasting models includes a set of regression models and an expandable set of intelligent models, including artificial neural networks, decision trees, etc. Regression models include systems of regression equations that describe the behavior of forecast indicators of the development of the Russian economy in the system of national accounts. The functioning of the system of equations is determined by scenario conditions set by expert. For those indicators whose forecasts do not meet the requirements of quality and accuracy, intelligent models based on machine learning are used. Using the ‘SHM Horizon’ tools, predictive calculations were performed for a system of 30 indicators of the social sphere of the City of Moscow using hybrid models, and for8 indicators a significant increase in the quality and accuracy of the forecast was achieved with artificial neural network models. The process of models building requires considerable time, in this regard, the authors see the further development of the system in the application of the multi-criteria ranking method.

Suggested Citation

  • Kitova, Olga & Dyakonova, Ludmila & Savinova, Victoria, 2020. "Prediction of Socio-Economic Indicators of the Megapolis Development on the Basis of the Intellectual Forecasting Information System “SHM Horizon”," MPRA Paper 104234, University Library of Munich, Germany, revised 19 Nov 2020.
  • Handle: RePEc:pra:mprapa:104234
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    References listed on IDEAS

    as
    1. Marcelo C. Medeiros & Carlos E. Pedreira, 2001. "What are the effects of forecasting linear time series with neural networks," Textos para discussão 446, Department of Economics PUC-Rio (Brazil).
    2. Nghiep Nguyen & Al Cripps, 2001. "Predicting Housing Value: A Comparison of Multiple Regression Analysis and Artificial Neural Networks," Journal of Real Estate Research, American Real Estate Society, vol. 22(3), pages 313-336.
    3. Ranjeeta Bisoi & P.K. Dash, 2015. "Prediction of financial time series and its volatility using a hybrid dynamic neural network trained by sliding mode algorithm and differential evolution," International Journal of Information and Decision Sciences, Inderscience Enterprises Ltd, vol. 7(2), pages 166-191.
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    JEL classification:

    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics

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