Prospects and Challenges of Using Machine Learning for Academic Forecasting

Abstract

The study examines the prospects and challenges of machine learning (ML) applications in academic forecasting. Predicting academic activities through machine learning algorithms presents an enhanced means to accurately forecast academic events, including the academic performances and the learning style of students. The use of machine learning algorithms such as K-nearest neighbor (KNN), random forest, bagging, artificial neural network (ANN), and Bayesian neural network (BNN) has potentials that are currently being applied in the education sector to predict future events. Many gaps in the traditional forecasting techniques have greatly been bridged by the use of artificial intelligence-based machine learning algorithms thereby aiding timely decision-making by education stakeholders. ML algorithms are deployed by educational institutions to predict students’ learning behaviours and academic achievements, thereby giving them the opportunity to detect at-risk students early and then develop strategies to help them overcome their weaknesses. However, despite the benefits associated with the ML approach, there exist some limitations that could affect its correctness or deployment in forecasting academic events, e.g., proneness to errors, data acquisition, and time-consuming issues. Nonetheless, we suggest that machine learning remains one of the promising forecasting technologies with the power to enhance effective academic forecasting that would assist the education industry in planning and making better decisions to enrich the quality of education.