Analysis of agricultural exports based on deep learning and text mining

Abstract

Agricultural exports are an important source of economic profit for many countries. Accurate predictions of a country's agricultural exports month on month are key to understanding a country's domestic use and export figures and facilitate advance planning of export, import, and domestic use figures and the resulting necessary adjustments of production and marketing. This study proposes a novel method for predicting the rise and fall of agricultural exports, called agricultural exports time series-long short-term memory (AETS-LSTM). The method applies Jieba word segmentation and Word2Vec to train word vectors and uses TF-IDF and word cloud to learn news-related keywords and finally obtain keyword vectors. This research explores whether the purchasing managers' index (PMI) of each industry can effectively use the AETS-LSTM model to predict the rise and fall of agricultural exports. Research results show that the inclusion of keyword vectors in the PMI values of the finance and insurance industries has a relative impact on the prediction of the rise and fall of agricultural exports, which can improve the prediction accuracy for the rise and fall of agricultural exports by 82.61%. The proposed method achieves improved prediction ability for the chemical/biological/medical, transportation equipment, wholesale, finance and insurance, food and textiles, basic materials, education/professional, science/technical, information/communications/broadcasting, transportation and storage, retail, and electrical and machinery equipment categories, while its performance for the electrical and optical categories shows improved prediction by combining keyword vectors, and its accuracy for the accommodation and food service, and construction and real estate industries remained unchanged. Therefore, the proposed method offers improved prediction capacity for agricultural exports month on month, allowing agribusiness operators and policy makers to evaluate and adjust domestic and foreign production and sales.

Keywords: Long short-term memory (LSTM); Non-manufacturing purchasing managers’ index; Principal component analysis; Purchasing managers’ index; Text mining; Time series.