Forecasting student entrepreneurial competency: Machine learning approach

Kaur, Sarabjot and Bhatt, Priyanka C. (2024) Forecasting student entrepreneurial competency: Machine learning approach. In: 2023 IEEE 3rd International Conference on Social Sciences and Intelligence Management (SSIM), 15-17 December 2023, Taichung, Taiwan.

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Abstract

This study was carried out to advance the predictive capabilities for entrepreneurial competency among university students. Building upon prior models including K-nearest neighbors, random forest, and logistic regression, which fell short of the 70% accuracy threshold, we introduced XGBoost and LightGBM gradient boosting algorithms. Both surpassed the established benchmarks with XGBoost achieving a remarkable 79% accuracy and outperforming LightGBM's 71%. This improvement underscored LightGBM's prowess in handling voluminous datasets. We proposed a transformative blueprint for universities to enhance curricula, cultivating entrepreneurial ecosystems. By exploring educational sectors and non-entrepreneurial scores, institutions can create environments conducive to entrepreneurial endeavors and address gender disparities. Unraveling reasons behind reluctance to pursue entrepreneurship empowers decision-makers to refine curricula and foster a more supportive environment for aspiring entrepreneurs.

Item Type: Conference or Workshop Item (Paper)
Keywords: Entrepreneurship | Entrepreneurship competency | Machine learning models | Classification metrics | Predictive models
Subjects: Social Sciences and humanities > Business, Management and Accounting > Business and International Management
Physical, Life and Health Sciences > Computer Science
Social Sciences and humanities > Social Sciences > Social Sciences (General)
JGU School/Centre: Jindal Global Business School
Depositing User: Subhajit Bhattacharjee
Date Deposited: 03 Aug 2024 04:07
Last Modified: 03 Aug 2024 04:07
Official URL: https://doi.org/10.1109/SSIM59263.2023.10469640
URI: https://pure.jgu.edu.in/id/eprint/8200

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