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Article
Publication date: 12 September 2023

Zengli Mao and Chong Wu

Because the dynamic characteristics of the stock market are nonlinear, it is unclear whether stock prices can be predicted. This paper aims to explore the predictability of the…

Abstract

Purpose

Because the dynamic characteristics of the stock market are nonlinear, it is unclear whether stock prices can be predicted. This paper aims to explore the predictability of the stock price index from a long-memory perspective. The authors propose hybrid models to predict the next-day closing price index and explore the policy effects behind stock prices. The paper aims to discuss the aforementioned ideas.

Design/methodology/approach

The authors found a long memory in the stock price index series using modified R/S and GPH tests, and propose an improved bi-directional gated recurrent units (BiGRU) hybrid network framework to predict the next-day stock price index. The proposed framework integrates (1) A de-noising module—Singular Spectrum Analysis (SSA) algorithm, (2) a predictive module—BiGRU model, and (3) an optimization module—Grid Search Cross-validation (GSCV) algorithm.

Findings

Three critical findings are long memory, fit effectiveness and model optimization. There is long memory (predictability) in the stock price index series. The proposed framework yields predictions of optimum fit. Data de-noising and parameter optimization can improve the model fit.

Practical implications

The empirical data are obtained from the financial data of listed companies in the Wind Financial Terminal. The model can accurately predict stock price index series, guide investors to make reasonable investment decisions, and provide a basis for establishing individual industry stock investment strategies.

Social implications

If the index series in the stock market exhibits long-memory characteristics, the policy implication is that fractal markets, even in the nonlinear case, allow for a corresponding distribution pattern in the value of portfolio assets. The risk of stock price volatility in various sectors has expanded due to the effects of the COVID-19 pandemic and the R-U conflict on the stock market. Predicting future trends by forecasting stock prices is critical for minimizing financial risk. The ability to mitigate the epidemic’s impact and stop losses promptly is relevant to market regulators, companies and other relevant stakeholders.

Originality/value

Although long memory exists, the stock price index series can be predicted. However, price fluctuations are unstable and chaotic, and traditional mathematical and statistical methods cannot provide precise predictions. The network framework proposed in this paper has robust horizontal connections between units, strong memory capability and stronger generalization ability than traditional network structures. The authors demonstrate significant performance improvements of SSA-BiGRU-GSCV over comparison models on Chinese stocks.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 2 April 2021

Varsha Jain, Preeti Shroff, Altaf Merchant and Subhalakshmi Bezbaruah

A place brand is a culmination of its exclusive history, people and traditions that affect customer and community experiences. Place branding has become increasingly important for…

Abstract

Purpose

A place brand is a culmination of its exclusive history, people and traditions that affect customer and community experiences. Place branding has become increasingly important for collective heritage brand strategy, as stakeholders undertake efforts to create an aura of a distinctive geographic location. Though place branding has received considerable scholarly attention, there is a lacuna: the role of residents as co-creators of a place and its heritage. Accordingly, this paper aims to develop a “bi-directional participatory place branding” model by applying the stimulus–organism–response approach grounded theory.

Design/methodology/approach

A grounded theory approach with multi-sited ethnography, personal interviews (with residents and city leaders) and observational techniques were adopted in a UNESCO world heritage city of India, Ahmedabad.

Findings

The findings indicate that the people (residents) aspect of place branding is associated with their life stories, past experiences, feelings and aspirations. However, the place acts as a nostalgia enabler, disseminating symbolic and heritage metaphors to residents and visitors as place brand ambassadors. When the place and people components are perceived positively, residents participate involve themselves with the place and thus, in turn, become the place ambassadors.

Originality/value

No prior studies have analyzed the association between residents, the place where they reside and the resultant behavior toward the place. The unique contribution is the bi-directional participatory place branding model, especially involving a UNESCO world heritage city rather than solely a site.

Details

Journal of Product & Brand Management, vol. 31 no. 1
Type: Research Article
ISSN: 1061-0421

Keywords

Article
Publication date: 7 March 2023

Sedat Metlek

The purpose of this study is to develop and test a new deep learning model to predict aircraft fuel consumption. For this purpose, real data obtained from different landings and…

Abstract

Purpose

The purpose of this study is to develop and test a new deep learning model to predict aircraft fuel consumption. For this purpose, real data obtained from different landings and take-offs were used. As a result, a new hybrid convolutional neural network (CNN)-bi-directional long short term memory (BiLSTM) model was developed as intended.

Design/methodology/approach

The data used are divided into training and testing according to the k-fold 5 value. In this study, 13 different parameters were used together as input parameters. Fuel consumption was used as the output parameter. Thus, the effect of many input parameters on fuel flow was modeled simultaneously using the deep learning method in this study. In addition, the developed hybrid model was compared with the existing deep learning models long short term memory (LSTM) and BiLSTM.

Findings

In this study, when tested with LSTM, one of the existing deep learning models, values of 0.9162, 6.476, and 5.76 were obtained for R2, root mean square error (RMSE), and mean absolute percentage error (MAPE), respectively. For the BiLSTM model when tested, values of 0.9471, 5.847 and 4.62 were obtained for R2, RMSE and MAPE, respectively. In the proposed hybrid model when tested, values of 0.9743, 2.539 and 1.62 were obtained for R2, RMSE and MAPE, respectively. The results obtained according to the LSTM and BiLSTM models are much closer to the actual fuel consumption values. The error of the models used was verified against the actual fuel flow reports, and an average absolute percent error value of less than 2% was obtained.

Originality/value

In this study, a new hybrid CNN-BiLSTM model is proposed. The proposed model is trained and tested with real flight data for fuel consumption estimation. As a result of the test, it is seen that it gives much better results than the LSTM and BiLSTM methods found in the literature. For this reason, it can be used in many different engine types and applications in different fields, especially the turboprop engine used in the study. Because it can be applied to different engines than the engine type used in the study, it can be easily integrated into many simulation models.

Details

Aircraft Engineering and Aerospace Technology, vol. 95 no. 5
Type: Research Article
ISSN: 1748-8842

Keywords

Article
Publication date: 5 August 2022

Dharma Raj T., Kumar C., Subramaniam G., Dhanesh Raj T. and Jasper J.

Renewable energy sources such as solar photovoltaic (PV) and wind are ubiquitous because of their lower environmental impact. Output from solar PV and wind turbines is unstable;…

Abstract

Purpose

Renewable energy sources such as solar photovoltaic (PV) and wind are ubiquitous because of their lower environmental impact. Output from solar PV and wind turbines is unstable; hence, this article aims to propose an effective controller to extract maximum available power.

Design/methodology/approach

By focusing on the varying nature of solar irradiance and wind speed, the paper presents the maximum power point tracking (MPPT) technique for renewable energy sources, and power regulation is made by the novel inverter design. Moreover, a DC–DC boost converter is adopted with solar PV, and a doubly fed induction generator is connected with the wind turbine. The proposed MPPT technique is used with the help of a rain optimization algorithm (ROA) based on bi-directional long short-term memory (Bi-LSTM) (ROA_Bi-LSTM). In addition, the sinusoidal pulse width modulation inverter is used for DC–AC power conversion.

Findings

The proposed MPPT technique has jointly tracked the maximum power from solar PV and wind under varying climatic conditions. The power flow to the transmission line is stabilized to protect the load devices from unregulated frequency and voltage deviations. The power to the smart grid is regulated by three-level sinusoidal pulse width modulation inverter.

Originality/value

The methodology and concept of the paper are taken by the author on their own. They have not taken a duplicate copy of any other research article.

Article
Publication date: 4 January 2022

Satish Kumar, Tushar Kolekar, Ketan Kotecha, Shruti Patil and Arunkumar Bongale

Excessive tool wear is responsible for damage or breakage of the tool, workpiece, or machining center. Thus, it is crucial to examine tool conditions during the machining process…

Abstract

Purpose

Excessive tool wear is responsible for damage or breakage of the tool, workpiece, or machining center. Thus, it is crucial to examine tool conditions during the machining process to improve its useful functional life and the surface quality of the final product. AI-based tool wear prediction techniques have proven to be effective in estimating the Remaining Useful Life (RUL) of the cutting tool. However, the model prediction needs improvement in terms of accuracy.

Design/methodology/approach

This paper represents a methodology of fusing a feature selection technique along with state-of-the-art deep learning models. The authors have used NASA milling data sets along with vibration signals for tool wear prediction and performance analysis in 15 different fault scenarios. Multiple steps are used for the feature selection and ranking. Different Long Short-Term Memory (LSTM) approaches are used to improve the overall prediction accuracy of the model for tool wear prediction. LSTM models' performance is evaluated using R-square, Mean Absolute Error (MAE), Root Mean Square Error (RMSE) and Mean Absolute Percentage Error (MAPE) parameters.

Findings

The R-square accuracy of the hybrid model is consistently high and has low MAE, MAPE and RMSE values. The average R-square score values for LSTM, Bidirection, Encoder–Decoder and Hybrid LSTM are 80.43, 84.74, 94.20 and 97.85%, respectively, and corresponding average MAPE values are 23.46, 22.200, 9.5739 and 6.2124%. The hybrid model shows high accuracy as compared to the remaining LSTM models.

Originality/value

The low variance, Spearman Correlation Coefficient and Random Forest Regression methods are used to select the most significant feature vectors for training the miscellaneous LSTM model versions and highlight the best approach. The selected features pass to different LSTM models like Bidirectional, Encoder–Decoder and Hybrid LSTM for tool wear prediction. The Hybrid LSTM approach shows a significant improvement in tool wear prediction.

Details

International Journal of Quality & Reliability Management, vol. 39 no. 7
Type: Research Article
ISSN: 0265-671X

Keywords

Article
Publication date: 24 September 2020

Toshiki Tomihira, Atsushi Otsuka, Akihiro Yamashita and Tetsuji Satoh

Recently, Unicode has been standardized with the penetration of social networking services, the use of emojis has become common. Emojis, as they are also known, are most effective…

Abstract

Purpose

Recently, Unicode has been standardized with the penetration of social networking services, the use of emojis has become common. Emojis, as they are also known, are most effective in expressing emotions in sentences. Sentiment analysis in natural language processing manually labels emotions for sentences. The authors can predict sentiment using emoji of text posted on social media without labeling manually. The purpose of this paper is to propose a new model that learns from sentences using emojis as labels, collecting English and Japanese tweets from Twitter as the corpus. The authors verify and compare multiple models based on attention long short-term memory (LSTM) and convolutional neural networks (CNN) and Bidirectional Encoder Representations from Transformers (BERT).

Design/methodology/approach

The authors collected 2,661 kinds of emoji registered as Unicode characters from tweets using Twitter application programming interface. It is a total of 6,149,410 tweets in Japanese. First, the authors visualized a vector space produced by the emojis by Word2Vec. In addition, the authors found that emojis and similar meaning words of emojis are adjacent and verify that emoji can be used for sentiment analysis. Second, it involves entering a line of tweets containing emojis, learning and testing with that emoji as a label. The authors compared the BERT model with the conventional models [CNN, FastText and Attention bidirectional long short-term memory (BiLSTM)] that were high scores in the previous study.

Findings

Visualized the vector space of Word2Vec, the authors found that emojis and similar meaning words of emojis are adjacent and verify that emoji can be used for sentiment analysis. The authors obtained a higher score with BERT models compared to the conventional model. Therefore, the sophisticated experiments demonstrate that they improved the score over the conventional model in two languages. General emoji prediction is greatly influenced by context. In addition, the score may be lowered due to a misunderstanding of meaning. By using BERT based on a bi-directional transformer, the authors can consider the context.

Practical implications

The authors can find emoji in the output words by typing a word using an input method editor (IME). The current IME only considers the most latest inputted word, although it is possible to recommend emojis considering the context of the inputted sentence in this study. Therefore, the research can be used to improve IME performance in the future.

Originality/value

In the paper, the authors focus on multilingual emoji prediction. This is the first attempt of comparison at emoji prediction between Japanese and English. In addition, it is also the first attempt to use the BERT model based on the transformer for predicting limited emojis although the transformer is known to be effective for various NLP tasks. The authors found that a bidirectional transformer is suitable for emoji prediction.

Details

International Journal of Web Information Systems, vol. 16 no. 3
Type: Research Article
ISSN: 1744-0084

Keywords

Article
Publication date: 5 October 2021

Venkateswara Rao Kota and Shyamala Devi Munisamy

Neural network (NN)-based deep learning (DL) approach is considered for sentiment analysis (SA) by incorporating convolutional neural network (CNN), bi-directional long short-term

Abstract

Purpose

Neural network (NN)-based deep learning (DL) approach is considered for sentiment analysis (SA) by incorporating convolutional neural network (CNN), bi-directional long short-term memory (Bi-LSTM) and attention methods. Unlike the conventional supervised machine learning natural language processing algorithms, the authors have used unsupervised deep learning algorithms.

Design/methodology/approach

The method presented for sentiment analysis is designed using CNN, Bi-LSTM and the attention mechanism. Word2vec word embedding is used for natural language processing (NLP). The discussed approach is designed for sentence-level SA which consists of one embedding layer, two convolutional layers with max-pooling, one LSTM layer and two fully connected (FC) layers. Overall the system training time is 30 min.

Findings

The method performance is analyzed using metrics like precision, recall, F1 score, and accuracy. CNN is helped to reduce the complexity and Bi-LSTM is helped to process the long sequence input text.

Originality/value

The attention mechanism is adopted to decide the significance of every hidden state and give a weighted sum of all the features fed as input.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 15 no. 1
Type: Research Article
ISSN: 1756-378X

Keywords

Article
Publication date: 20 August 2021

Ming K. Lim, Yan Li and Xinyu Song

With the fierce competition in the cold chain logistics market, achieving and maintaining excellent customer satisfaction is the key to an enterprise's ability to stand out. This…

1482

Abstract

Purpose

With the fierce competition in the cold chain logistics market, achieving and maintaining excellent customer satisfaction is the key to an enterprise's ability to stand out. This research aims to determine the factors that affect customer satisfaction in cold chain logistics, which helps cold chain logistics enterprises identify the main aspects of the problem. Further, the suggestions are provided for cold chain logistics enterprises to improve customer satisfaction.

Design/methodology/approach

This research uses the text mining approach, including topic modeling and sentiment analysis, to analyze the information implicit in customer-generated reviews. First, latent Dirichlet allocation (LDA) model is used to identify the topics that customers focus on. Furthermore, to explore the sentiment polarity of different topics, bi-directional long short-term memory (Bi-LSTM), a type of deep learning model, is adopted to quantify the sentiment score. Last, regression analysis is performed to identify the significant factors that affect positive, neutral and negative sentiment.

Findings

The results show that eight topics that customer focus are determined, namely, speed, price, cold chain transportation, package, quality, error handling, service staff and logistics information. Among them, speed, price, transportation and product quality significantly affect customer positive sentiment, and error handling and service staff are significant factors affecting customer neutral and negative sentiment, respectively.

Research limitations/implications

The data of the customer-generated reviews in this research are in Chinese. In the future, multi-lingual research can be conducted to obtain more comprehensive insights.

Originality/value

Prior studies on customer satisfaction in cold chain logistics predominantly used questionnaire method, and the disadvantage of which is that interviewees may fill out the questionnaire arbitrarily, which leads to inaccurate data. For this reason, it is more scientific to discover customer satisfaction from real behavioral data. In response, customer-generated reviews that reflect true emotions are used as the data source for this research.

Details

Industrial Management & Data Systems, vol. 121 no. 12
Type: Research Article
ISSN: 0263-5577

Keywords

Article
Publication date: 27 July 2022

Piyush Katariya, Vedika Gupta, Rohan Arora, Adarsh Kumar, Shreya Dhingra, Qin Xin and Jude Hemanth

The current natural language processing algorithms are still lacking in judgment criteria, and these approaches often require deep knowledge of political or social contexts…

Abstract

Purpose

The current natural language processing algorithms are still lacking in judgment criteria, and these approaches often require deep knowledge of political or social contexts. Seeing the damage done by the spreading of fake news in various sectors have attracted the attention of several low-level regional communities. However, such methods are widely developed for English language and low-resource languages remain unfocused. This study aims to provide analysis of Hindi fake news and develop a referral system with advanced techniques to identify fake news in Hindi.

Design/methodology/approach

The technique deployed in this model uses bidirectional long short-term memory (B-LSTM) as compared with other models like naïve bayes, logistic regression, random forest, support vector machine, decision tree classifier, kth nearest neighbor, gated recurrent unit and long short-term models.

Findings

The deep learning model such as B-LSTM yields an accuracy of 95.01%.

Originality/value

This study anticipates that this model will be a beneficial resource for building technologies to prevent the spreading of fake news and contribute to research with low resource languages.

Details

International Journal of Web Information Systems, vol. 18 no. 5/6
Type: Research Article
ISSN: 1744-0084

Keywords

Article
Publication date: 4 August 2020

Imane Guellil, Ahsan Adeel, Faical Azouaou, Sara Chennoufi, Hanene Maafi and Thinhinane Hamitouche

This paper aims to propose an approach for hate speech detection against politicians in Arabic community on social media (e.g. Youtube). In the literature, similar works have been…

Abstract

Purpose

This paper aims to propose an approach for hate speech detection against politicians in Arabic community on social media (e.g. Youtube). In the literature, similar works have been presented for other languages such as English. However, to the best of the authors’ knowledge, not much work has been conducted in the Arabic language.

Design/methodology/approach

This approach uses both classical algorithms of classification and deep learning algorithms. For the classical algorithms, the authors use Gaussian NB (GNB), Logistic Regression (LR), Random Forest (RF), SGD Classifier (SGD) and Linear SVC (LSVC). For the deep learning classification, four different algorithms (convolutional neural network (CNN), multilayer perceptron (MLP), long- or short-term memory (LSTM) and bi-directional long- or short-term memory (Bi-LSTM) are applied. For extracting features, the authors use both Word2vec and FastText with their two implementations, namely, Skip Gram (SG) and Continuous Bag of Word (CBOW).

Findings

Simulation results demonstrate the best performance of LSVC, BiLSTM and MLP achieving an accuracy up to 91%, when it is associated to SG model. The results are also shown that the classification that has been done on balanced corpus are more accurate than those done on unbalanced corpus.

Originality/value

The principal originality of this paper is to construct a new hate speech corpus (Arabic_fr_en) which was annotated by three different annotators. This corpus contains the three languages used by Arabic people being Arabic, French and English. For Arabic, the corpus contains both script Arabic and Arabizi (i.e. Arabic words written with Latin letters). Another originality is to rely on both shallow and deep leaning classification by using different model for extraction features such as Word2vec and FastText with their two implementation SG and CBOW.

Details

International Journal of Web Information Systems, vol. 16 no. 3
Type: Research Article
ISSN: 1744-0084

Keywords

1 – 10 of 145