Comparison of Conventional Modeling Techniques with the Neural Network Autoregressive Model (NNAR): Application to COVID-19 Data

Abstract

The coronavirus disease 2019 (COVID-19) pandemic continues to destroy human life around the world. Almost every country throughout the globe suffered from this pandemic, forcing various governments to apply different restrictions to reduce its impact. In this study, we compare different time-series models with the neural network autoregressive model (NNAR). The study used COVID-19 data in Pakistan from February 26, 2020, to February 18, 2022, as a training and testing data set for modeling. Different models were applied and estimated on the training data set, and these models were assessed on the testing data set. Based on the mean absolute scaled error (MAE) and root mean square error (RMSE) for the training and testing data sets, the NNAR model outperformed the autoregressive integrated moving average (ARIMA) model and other competing models indicating that the NNAR model is the most appropriate for forecasting. Forecasts from the NNAR model showed that the cumulative confirmed COVID-19 cases will be 1,597,180 and cumulative confirmed COVID-19 deaths will be 32,628 on April 18, 2022. We encourage the Pakistan Government to boost its immunization policy.