Open Access iconOpen Access



Price Prediction of Seasonal Items Using Time Series Analysis

Ahmed Salah1,2, Mahmoud Bekhit3, Esraa Eldesouky4,5, Ahmed Ali4,6,*, Ahmed Fathalla7

1 Faculty of Computers and Informatics, Zagazig University, Sharkeya, 44523, Egypt
2 Information Technology Department, the University of Technology and Applied Sciences, Ibri, Oman
3 School of Electrical and Data Engineering, University of Technology Sydney, Sydney, 2007, Australia
4 College of Computer Engineering and Sciences, Prince Sattam Bin Abdulaziz University, Al-Kharj, 11942, Saudi Arabia
5 Computer Science Department, Faculty of Computers and Informatics, Suez Canal University, Ismailia, 41522, Egypt
6 Higher Future Institute for Specialized Technological Studies, Cairo, 3044, Egypt
7 Department of Mathematics, Faculty of Science, Suez Canal University, Ismailia, 41522, Egypt

* Corresponding Author: Ahmed Ali. Email: email

Computer Systems Science and Engineering 2023, 46(1), 445-460.


The price prediction task is a well-studied problem due to its impact on the business domain. There are several research studies that have been conducted to predict the future price of items by capturing the patterns of price change, but there is very limited work to study the price prediction of seasonal goods (e.g., Christmas gifts). Seasonal items’ prices have different patterns than normal items; this can be linked to the offers and discounted prices of seasonal items. This lack of research studies motivates the current work to investigate the problem of seasonal items’ prices as a time series task. We proposed utilizing two different approaches to address this problem, namely, 1) machine learning (ML)-based models and 2) deep learning (DL)-based models. Thus, this research tuned a set of well-known predictive models on a real-life dataset. Those models are ensemble learning-based models, random forest, Ridge, Lasso, and Linear regression. Moreover, two new DL architectures based on gated recurrent unit (GRU) and long short-term memory (LSTM) models are proposed. Then, the performance of the utilized ensemble learning and classic ML models are compared against the proposed two DL architectures on different accuracy metrics, where the evaluation includes both numerical and visual comparisons of the examined models. The obtained results show that the ensemble learning models outperformed the classic machine learning-based models (e.g., linear regression and random forest) and the DL-based models.


Cite This Article

APA Style
Salah, A., Bekhit, M., Eldesouky, E., Ali, A., Fathalla, A. (2023). Price prediction of seasonal items using time series analysis. Computer Systems Science and Engineering, 46(1), 445-460.
Vancouver Style
Salah A, Bekhit M, Eldesouky E, Ali A, Fathalla A. Price prediction of seasonal items using time series analysis. Comput Syst Sci Eng. 2023;46(1):445-460
IEEE Style
A. Salah, M. Bekhit, E. Eldesouky, A. Ali, and A. Fathalla "Price Prediction of Seasonal Items Using Time Series Analysis," Comput. Syst. Sci. Eng., vol. 46, no. 1, pp. 445-460. 2023.

cc This work is licensed under a Creative Commons Attribution 4.0 International License , which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
  • 689


  • 392


  • 1


Share Link