Prognosis of entrepreneurial traits among agricultural undergraduate students in India using machine learning

Sapna Jarial and Jayant Verma

Journal of Agribusiness in Developing and Emerging Economies, 2023, vol. 14, issue 5, 905-919

Abstract: Purpose - This study aimed to understand the agri-entrepreneurial traits of undergraduate university students using machine learning (ML) algorithms. Design/methodology/approach - This study used a conceptual framework of individual-level determinants of entrepreneurship and ML. The Google Survey instrument was prepared on a 5-point scale and administered to 656 students in different sections of the same class during regular virtual classrooms in 2021. The datasets were analyzed and compared using ML. Findings - Entrepreneurial traits existed among students before attending undergraduate entrepreneurship courses. Establishing strong partnerships (0.359), learning (0.347) and people-organizing ability (0.341) were promising correlated entrepreneurial traits. Female students exhibited fewer entrepreneurial traits than male students. The random forest model exhibited 60% accuracy in trait prediction against gradient boosting (58.4%), linear regression (56.8%), ridge (56.7%) and lasso regression (56.0%). Thus, the ML model appeared to be unsuitable to predict entrepreneurial traits. Quality data are important for accurate trait predictions. Research limitations/implications - Further studies can validate K-nearest neighbors (KNN) and support vector machine (SVM) models against random forest to support the statement that the ML model cannot be used for entrepreneurial trait prediction. Originality/value - This research is unique because ML models, such as random forest, gradient boosting and lasso regression, are used for entrepreneurial trait prediction by agricultural domain students.

Keywords: Agribusiness; Business enterprise; Business studies; Education; Entrepreneurial traits; Gradient boost; Machine learning; Random forest; Undergraduate students (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jadeep:jadee-06-2022-0124

DOI: 10.1108/JADEE-06-2022-0124

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