A Hybrid Prediction Model combines multiple machine learning or deep learning techniques to improve prediction accuracy and performance. Unlike traditional models that rely on a single approach, hybrid models integrate different algorithms to leverage their strengths while minimizing weaknesses.
For example, a hybrid model for stock price prediction might use: Statistical methods for trend analysis Machine learning models (Random Forest, XGBoost) for pattern recognition Deep learning models (LSTMs, CNNs) for sequence-based prediction This combination results in more accurate, reliable, and robust predictions.
Collects data from multiple sources (databases, APIs, sensors, user inputs). Cleans the data (removes duplicates, handles missing values, normalizes features). Extracts relevant features for better prediction.
Chooses different models (e.g., Decision Trees, SVM, CNN, LSTM). Trains each model separately on specific data types (structured, unstructured, time series). Fine-tunes hyperparameters to optimize performance.
Combines outputs from different models using ensemble techniques (stacking, boosting, weighted averaging). A meta-model (like a neural network) refines the final prediction. The hybrid system balances accuracy and adaptability.
The hybrid model is tested using unseen data. Performance is evaluated with metrics like Accuracy, Precision, Recall, and RMSE. Adjustments are made to improve efficiency and correctness.
The final model is deployed as a web app, API, or embedded system. Users input new data, and predictions are generated in real-time. Results are displayed in charts, confidence scores, and reports.