Financial Derivative Features based Integrated Potential Fishing Zone (IPFZ) Future Forecast

Abstract

In India, around 7 million people depend on fishing for their livelihoods. They are assisted with a reliable and fast brief forecast for the areas of fish aggregations. Habitat mapping is critical in supporting strategic choices on fish usage and protection. In conjunction with techniques for machine learning, remote control has made comprehensive fish mapping on relevant scales possible. In machine learning, supervised algorithms are utilized to make forecasts from datasets, when data is accessible without relating output factors. In this research work, Ocean Surface Temperature (OST) and Satellite derived Chlorophyl material are the basic inputs to generating the information of PFZ. The 16 features and additional financial derivative features are used for accurate future prediction of PFZ. The unwanted and missing data are removed using effective pre-processing techniques. Among the various methods available for forecasting nonlinear phenomena, the Neural Network is the best and the efficient method to get a forecast. Therefore, the Function Fitting Neural Network (FFNN) technique is mainly used to predicting the IPFZ. The practical analysis is performed by analysing the 80%-20%, 60%-40% and future data in terms of various parameters. From the results, it is proved that the suggested FFNN achieved 90% of accuracy, where the existing neural network achieved 86% of accuracy by implementing with financial derivative features for the 80%-20% of available dataset.