International Journal of Statistics and Applied Mathematics
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International Journal of Statistics and Applied Mathematics

2021, Vol. 6, Issue 3, Part A

Forecasting petrol prices in India using neural networks models


Author(s): Srikanth C, K Balaraju and A Rajendra Prasad

Abstract: The work presented in this research paper constitutes a contribution to modeling and forecasting the monthly average petrol price per liter in Delhi using Feed Forward Neural Networks models. The model performance is on training and test samples measured using Mean Absolute Error (MAE), Mean Absolute and Percentage Error (MAPE,) and Root Mean Square Error (RMSE). The results show that feed forward neural networks (FFNN) models could be utilized to forecast the average petrol prices in Delhi city.

Pages: 08-12 | Views: 90 | Downloads: 14

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How to cite this article:
Srikanth C, K Balaraju, A Rajendra Prasad. Forecasting petrol prices in India using neural networks models. Int J Stat Appl Math 2021;6(3):08-12.
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