Development of an agricultural product price forecasting model via gradient boosting regression trees with a time series sampling approach
摘要
Accurate forecasting of agricultural product prices is imperative for ensuring market stability and informing effective policy-making. This paper introduces a novel forecasting framework, termed time series segmentation-based gradient boosting regression trees (TSS-GBRT), designed to leverage the temporal dynamics inherent in agricultural product price data. The model incorporates two unique hyperparameters, periodic unit sampling and phase direction sampling, to enhance its ability to capture seasonal patterns while maintaining learning efficiency. Empirical validation using Japanese agricultural product price data demonstrates a significant enhancement in forecasting performance, achieving a 5.84% reduction in error compared to baseline methods, along with a 24-min reduction in learning time. The findings underscore the potential of TSS-GBRT as a lightweight, interpretable, and highly effective tool for addressing the complexities of agricultural product price forecasting.