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ZENODO
Article . 2025
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
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Comparison of decision tree algorithms in predicting consumer confidence index

Authors: AKAY, Özlem; ALTINDAĞ, İlkay;

Comparison of decision tree algorithms in predicting consumer confidence index

Abstract

Comparison of decision tree algorithms in predicting consumer confidence index Abstract The economic conditions and future expectations of individuals in a country can influence their spending and/or saving behaviors. The reflections of these behavioral patterns on the economy can be measured through the consumer confidence index. The aim of this study is to determine the most suitable algorithm for predicting the consumer confidence index by comparing various decision tree algorithms. Independent variables such as unemployment rate, BIST100 index, housing price index, exchange rate, and consumer price index, which are thought to impact the consumer confidence index, were used in the study. In the analyses, monthly data for the period of 01.2014-08.2024 were used, and 70% of the data was separated for training and 30% for testing. Decision tree-based algorithms, including Random Forest, XGBoost, LightGBM, and CatBoost, were applied to these data to develop predictive models. MSE, RMSE, MAE and MAPE error criteria were used to evaluate the performance of the algorithms. Based on the MSE and RMSE results, the RF algorithm, and based on the MAE and MAPE results, the XGBoost algorithm have both been determined as suitable decision tree algorithms for CCI prediction. Keywords: Consumer confidence index, CatBoost, LightGBM, Random forest, XGBoost.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green