Prediction of fundraising outcomes for crowdfunding projects based on deep learning: a multimodel comparative study

Wei Wang, Hongsheng Zheng, Yenchun Jim Wu

研究成果: 雜誌貢獻文章

1 引文 斯高帕斯(Scopus)

摘要

As a new financing model, crowdfunding has been developed rapidly in recent years and has attracted the attention of investors and small- and medium-sized enterprises and entrepreneurs. However, many projects fail to be funded; thus, crowdfunding project fundraising outcomes forecasting and multimodel comparisons are meaningful ways to identify project quality and reduce market risk. It is important to reduce participation risk through automated methods, which is of great significance to the sustainable development of Internet finance. First, based on the data from the Kickstarter, preprocessing and exploratory analysis are conducted. Then, we introduce a deep learning algorithm (multilayer perceptron) and apply it to the prediction of crowdfunding financing performance. We compare deep learning with other commonly used machine learning algorithms, including decision tree, random forest, logistic regression, support vector machine, and K-nearest neighbors algorithm. We tune each machine learning algorithm to get the best parameters. The experimental results show that the deep learning model can obtain the best prediction results, with an accuracy of 92.3% when predicting the fundraising outcomes of crowdfunding financing, followed by the decision tree. Deep learning shows significant advantages in many evaluation criteria, which demonstrates the potential for crowdfunding project financing predictions. This study combines machine learning with Internet finance, providing inspiration for future research and resulting in many practical implications.

原文英語
頁(從 - 到)8323-8341
頁數19
期刊Soft Computing
24
發行號11
DOIs
出版狀態已發佈 - 2020 六月 1

ASJC Scopus subject areas

  • Software
  • Theoretical Computer Science
  • Geometry and Topology

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