Developing forecasting model for future pandemic applications based on COVID-19 data 2020–2022

Wan Imanul Aisyah Wan Mohamad Nawi, Abdul Aziz K. Abdul Hamid, Muhamad Safiih Lola, Syerrina Zakaria, Elayaraja Aruchunan, R U Gobithaasan, Nurul Hila Zainuddin, Wan Azani Mustafa, Mohd Lazim Abdullah, Nor Aieni Mokhtar and Mohd Tajuddin Abdullah

PLOS ONE, 2023, vol. 18, issue 5, 1-26

Abstract: Improving forecasting particularly time series forecasting accuracy, efficiency and precisely become crucial for the authorities to forecast, monitor, and prevent the COVID-19 cases so that its spread can be controlled more effectively. However, the results obtained from prediction models are inaccurate, imprecise as well as inefficient due to linear and non-linear patterns exist in the data set, respectively. Therefore, to produce more accurate and efficient COVID-19 prediction value that is closer to the true COVID-19 value, a hybrid approach has been implemented. Thus, aims of this study is (1) to propose a hybrid ARIMA-SVM model to produce better forecasting results. (2) to investigate in terms of the performance of the proposed models and percentage improvement against ARIMA and SVM models. statistical measurements such as MSE, RMSE, MAE, and MAPE then conducted to verify that the proposed models are better than ARIMA and SVM models. Empirical results with three real datasets of well-known cases of COVID-19 in Malaysia show that, compared to the ARIMA and SVM models, the proposed model generates the smallest MSE, RMSE, MAE and MAPE values for the training and testing datasets, means that the predicted value from the proposed model is closer to the actual value. These results prove that the proposed model can generate estimated values more accurately and efficiently. As compared to ARIMA and SVM, our proposed models perform much better in terms of error reduction percentages for all datasets. This is demonstrated by the maximum scores of 73.12%, 74.6%, 90.38%, and 68.99% in the MAE, MAPE, MSE, and RMSE, respectively. Therefore, the proposed model can be the best and effective way to improve prediction performance with a higher level of accuracy and efficiency in predicting cases of COVID-19.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0285407

DOI: 10.1371/journal.pone.0285407

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