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Constructed time series analysis and recurrent neural networks in GDP prediction under the global pandemic. Grasped data from remote data access, added in employment rate, cases of infection and indices for better representation, evaluation and optimization.

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UTHealth Summer 2020 Research Project

NPM version Maintenance made-with-python
Constructed time series analysis and recurrent neural networks in GDP prediction under the global pandemic. Grasped data from remote data access, added in employment rate, cases of infection and indices for better representation, evaluation and optimization.

Remote Data Source

For personal documentation purposes, NY.GDP.MKTP.CD remote data access source:https://data.worldbank.org/indicator/NY.GDP.MKTP.CD

Prediction Model & Pre-processing of the Data

Graphic representation of the model can be found as a pdf file in the main directory. Normalization was achieved by df_scaled = df/df.loc[2000]

Observed results Summary

After importing, normalizing and training with the world bank data(indicator ‘NY.GDP.MKTP.CD’, the test set reached losses lowest at 1.3291694813233335e-05 with RMSprop optimizer. Though the RMSprop resulted in some minor variation in the losses of both training dataset and test dataset. Stochastic gradient descent performed especially well in the training dataset with a final loss less than 6x10^5, but relatively weak when moved on to the test dataset. For the detailed table, see repository.

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Constructed time series analysis and recurrent neural networks in GDP prediction under the global pandemic. Grasped data from remote data access, added in employment rate, cases of infection and indices for better representation, evaluation and optimization.

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