The Novel DeepBoost Multi Output Regressor for Household Finance Intelligence
S. H. S. V. Suwandaratna, G. O. Priyankara · 2025
This paper forecasts the microeconomic level household expenditures using a novel hybrid deep learning approach. In terms of research significance, household finance control has a major influence on the finance system within the economy. Accurate forecasting of household finances assists in maintaining positive financial behavior among individuals and the economy. The DeepBoost multi-output regressor proposed in this paper is based on the 1D CNN-ANN and the XGBoost. The proposed model in this paper is compared with the R2, MSE, and MAE since it’s a regression problem. The experimental results reveal that the proposed DeepBoost multi-output regressor has the best application in forecasting the multiple expenditures of households by outperforming the ANN, 1D CNN-ANN, and Random Forest Regressor models. The proposed DeepBoost multi-output regressor evaluated the housing, food, transportation, healthcare, other necessities, childcare, and tax expenditures that had 0.94, 0.98, 0.83, 0.94, 0.97, 0.97, and 0.99 values for the R2, 9037.71, 2692.12, 9788, 15077.33, 1373.93, 13629.36, and 1904.52 values for the MSE, and 66.07, 34.05, 73.17, 87.05, 26.25, 78.74, and 29.47 MAE values than the ANN, RFR, and 1D CNN-ANN models.