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Application of Artificial Intelligence in Forecasting: A Systematic Review

by Albert Annor Antwi, Ayman A. M. Al-Dherasi, Yang Chunting
journal cover thumbnail

International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 177 - Number 26
Year of Publication: 2019
Authors: Albert Annor Antwi, Ayman A. M. Al-Dherasi, Yang Chunting
10.5120/ijca2019919677

Albert Annor Antwi, Ayman A. M. Al-Dherasi, Yang Chunting . Application of Artificial Intelligence in Forecasting: A Systematic Review. International Journal of Computer Applications. 177, 26 ( Dec 2019), 5-10. DOI=10.5120/ijca2019919677

@article{ 10.5120/ijca2019919677,
author = { Albert Annor Antwi, Ayman A. M. Al-Dherasi, Yang Chunting },
title = { Application of Artificial Intelligence in Forecasting: A Systematic Review },
journal = { International Journal of Computer Applications },
issue_date = { Dec 2019 },
volume = { 177 },
number = { 26 },
month = { Dec },
year = { 2019 },
issn = { 0975-8887 },
pages = { 5-10 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume177/number26/31059-2019919677/ },
doi = { 10.5120/ijca2019919677 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-07T00:46:57.451475+05:30
%A Albert Annor Antwi
%A Ayman A. M. Al-Dherasi
%A Yang Chunting
%T Application of Artificial Intelligence in Forecasting: A Systematic Review
%J International Journal of Computer Applications
%@ 0975-8887
%V 177
%N 26
%P 5-10
%D 2019
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Purpose:- The aim of this reach is to identify how Artificial Intelligence (AI) could be used in enhancing forecasting to achieve more accurate outcomes. The research also explores the influence that forecasting has on global economy and the reasons why it needs to be accurate. Also, the research explains various pitfalls identified in forecasting. Method:- This research implements two research approaches which are review of literature and formulation of hypotheses. Seven hypotheses are created. Findings:- AI, when integrated with other technologies such as Machine Learning (ML) and when provided with the right computer power, yields much more accurate results than many other forecasting methods. The technology is costly, however, and it is prone to cyber-attacks. Conclusion:- The future of business is highly reliant on forecasting, which directly impacts the global economy. But, not every business will have the power to own the forecasting technology due to the cost, and business will need to increase security to protect the forecasting systems.

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Index Terms

Computer Science
Information Sciences

Keywords

Artificial Intelligence Forecasting Business Finance Market Machine Learning

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