A case study using neural networks algorithms: horse racing predictions in Jamaica
Paper
Paper/Presentation Title | A case study using neural networks algorithms: horse racing predictions in Jamaica |
---|---|
Presentation Type | Paper |
Authors | Williams, Janett (Author) and Li, Yan (Author) |
Editors | Arabnia, Hamid R. and Mun, Yougsong |
Journal or Proceedings Title | Proceedings of the International Conference on Artificial Intelligence (ICAI 2008) |
Number of Pages | 7 |
Year | 2008 |
Place of Publication | Las Vegas, NV. USA |
ISBN | 1601320728 |
9781601320728 | |
Web Address (URL) of Paper | http://www.world-academy-of-science.org/worldcomp08/ws/conferences/icai08 |
Conference/Event | ICAI 2008: International Conference on Artificial Intelligence |
Event Details | ICAI 2008: International Conference on Artificial Intelligence Event Date 14 to end of 17 Jul 2008 Event Location Las Vegas, United States |
Abstract | Neural networks (NNs) have been applied to predict many complex problems, such as horse racing prediction. This study investigates the performances of four supervised neural network algorithms in horse racing. We employed the Backpropagation (BP), Quasi_Newton (QN), LevenbergMarquardt (LM) and Conjugate Gradient Descent (CGD) learning algorithms to real horse racing data collected from Caymans Race Track, Jamaica. The training and testing data comes from 143 actual races collected from 1 January to 16 June 2007. The experimental results demonstrate that all algorithms can provide acceptable predictions with an accuracy of 74%. The BP algorithm slightly performs better than the other three algorithms but needs a longer training time and more parameter selections. |
Keywords | neural network; back propagation algorithm; machine learning; race tracks; supervised neural networks; robot learning |
ANZSRC Field of Research 2020 | 490411. Real and complex functions (incl. several variables) |
461399. Theory of computation not elsewhere classified | |
469999. Other information and computing sciences not elsewhere classified | |
Public Notes | No evidence of copyright restrictions. |
Byline Affiliations | Department of Mathematics and Computing |
https://research.usq.edu.au/item/9yvw4/a-case-study-using-neural-networks-algorithms-horse-racing-predictions-in-jamaica
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