Purpose: Predicting the prices of crops is a principal task for producers, suppliers, governments and international businesses. The purpose of the study is to forecast the prices of green chili, which is a cash crop in Sri Lanka. Artificial neural networks were applied as they help to extract important insights from the bulk of data with a scientific approach. Research Method: The Time Delay Neural Network (TDNN), Feedforward Neural Network (FFNN) with Levenberg-Marquardt (LM) algorithm and FFNN with Scaled Conjugate Gradient (SCG) algorithm were employed on weekly average retail prices of green chili in Sri Lanka from the 1st week of January 2011 to the 4th week of December 2018. The performance of models was evaluated through the Mean Squared Error (MSE), Mean Absolute Error (MAE) and Normalized Mean Squared Error (NMSE). Findings: Among the three methods implemented, the FFNN model using the LM algorithm exhibited the highest accuracy with a minimum MSE of 0.0033, MAE of 0.0437 and NMSE of 0.2542. The model built using the SCG algorithm fitted data with a minimum MSE of 0.0033, MAE of 0.0458 and NMSE of 0.2549. Among the fitted TDNN models, the model with 8 input delays were a better model with an MSE of 0.0036, MAE of 0.0470 and NMSE of 0.3221. FFNNs outperformed TDNN in forecasting green chili prices of Sri Lanka. Originality/ Value: The neural network approach in forecasting the prices of green chili provides more accurate results to make decisions based on the trends and to identify future opportunities
Exchange rates serve as a medium for currency trading in the financial market. The variations and the uncertainty movements in exchange rates have a potential effect on the performance of a country. The objective of this study is to forecast daily exchange rates in Sri Lanka using Double Seasonal Autoregressive Integrated Moving Average (DSARIMA) and Seasonal Autoregressive Integrated Moving Average (SARIMA) with Autoregressive Conditional Heteroscedasticity (ARCH)/ Generalized ARCH (GARCH) models. The study collected a few daily exchange rates from the Yahoo finance website in terms of LKR from 1 st January 2008 to 28 th February 2022. The DSARIMA and SARIMA models were incorporated with the ARCH/ GARCH specifications of normal, skew-normal, student-t and skew-t due to the accurate specification of the proper error distribution led to an increase in the accuracy of the fitted model. The model comparisons were carried out considering different performance measures.The overall results from the actual and fitted graphs and lower error values of the fitted models suggested a SARIMA model for CHF/LKR, a SARIMA model with ARCH/GARCH for USD, EURO, JPY, GBP and AUD against LKR and a DSARIMA model with ARCH/GARCH for CAD and SGD against LKR were suitable to forecast the respective exchange rate. Overall, the results from this study will support government, investors, corporate, financial and managerial sectors in their future decisions to accomplish their objectives. The originality of this study concerns the application of DSARIMA models in exchange rates due to the availability of double seasonality in data.
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