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Biblioqrafik təsvir | Hajirahimova , M.S. Development of a Prediction Model on Demographic Indicators based on Machine Learning Methods: Azerbaijan Example / M.S. Hajirahimova , A.G. Aliyeva // International Journal of Education and Management Engineering. - 2023. - N: 2. - P. 1-9. | Annotasiya | The accuracy of population forecasts is one of the most important calculations in demography statistics.
However, traditional demographic methods used in population projections are tend to produce biased results. The need
for accurate prediction of future behavior in a number of areas require the application of reliable and efficient methods.
Recently, machine learning (ML) models have emerged as a serious competitor to classical statistical models in the
forecasting community. İn this study, the performance and capacity of thefour different ML models such as Random
Forest, DT, LR and KNN to the prediction of population has been examined.The aim of the study is to find the best
performing regression model among these machine learning algorithms for forecasting of population. The data were
collected from the State Statistical Committee of the Republic of Azerbaijan website were used for the analysis. We
used five metrics such as MAPE, MAE and RMSE, MSE and R-squared to compare the predictive ability of the
models. As the result of the analysis, it has been known that the all ML models showed high results with correlation
coefficient of 0.985 - 0.996. Also the KNN and RF prediction models showed the lowest root mean square deviation,
means square error and mean absolute error values compared to other models. By effectively using the advantage of the
ML algorithms, the forecast of population growth the near future can be observed objectively, and it can provide an
objective reference to the strategic planning in the public and private sectors, particularly in education, health and social
areas. | Elektron variant | Elektron variant |
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