Price Prediction of Agricultural Products Using Deep Learning

Abstract

Every field in the world is undergoing a significant change because of the influence of technology. The agricultural sector of the Indian economy needs more technological support for its development and growth in India. Price prediction of agricultural products helps ensure that the farmers either get good returns or recover their investments. Hence, the characteristics of deep neural networks such as CNN and deep learning models can be used in predicting prices. A convolution neural network-based model can indirectly predict fruits and vegetable prices by classifying images to their variety. Deep learning models such as long short-term memory (LSTM) and bidirectional LSTM (BiLSTM) can also help predict the market price of agricultural products. Fruits and vegetable prices mainly depend on a few things, variety, quality, and market rate. We use the CNN model to deal with variety and quality, different varieties of a single fruit or vegetable having different prices, followed by prediction using LSTM and bidirectional LSTM to deal with market price prediction in a volatile market. © 2022, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.