A Machine Learning Framework for Olive Farms Profit Prediction

Abstract

Agricultural systems are constantly stressed due to higher demands for products. Consequently, water resources consumed on irrigation are increased. In combination with the climatic change, those are major obstacles to maintaining sustainable development, especially in a semi-arid land. This paper presents an end-to-end Machine Learning framework for predicting the potential profit from olive farms. The objective is to estimate the optimal economic gain while preserving water resources on irrigation by considering various related factors such as climatic conditions, crop management practices, soil characteristics, and crop yield. The case study focuses on olive tree farms located on the Hellenic Island of Crete. Real data from the farms and the weather in the area will be used. The target is to build a framework that will preprocess input data, compare the results among a group of Machine Learning algorithms and propose the best-predicted value of economic profit. Various aspects during this process will be thoroughly examined such as the bias-variance tradeoff and the problem of overfitting, data transforms, feature engineering and selection, ensemble methods as well as pursuing optimal resampling towards better model accuracy. Results indicated that through data preprocessing and resampling, Machine Learning algorithms performance is enhanced. Ultimately, prediction accuracy and reliability are greatly improved compared to algorithms’ performances without the framework’s operation.