Machine learning-based time series models for effective CO2 emission prediction in India.

China, India, and the USA are the countries with the highest energy consumption and CO2 emissions globally. As per the report of datacommons.org , CO2 emission in India is 1.80 metric tons per capita, which is harmful to living beings, so this paper presents India's detrimental CO2 emission effect with the prediction of CO2 emission for the next 10 years based on univariate time-series data from 1980 to 2019. We have used three statistical models; autoregressive-integrated moving average (ARIMA) model, seasonal autoregressive-integrated moving average with exogenous factors (SARIMAX) model, and the Holt-Winters model, two machine learning models, i.e., linear regression and random forest model and a deep learning-based long short-term memory (LSTM) model. This paper brings together a variety of models and allows us to work on data prediction. The performance analysis shows that LSTM, SARIMAX, and Holt-Winters are the three most accurate models among the six models based on nine performance metrics. Results conclude that LSTM is the best model for CO2 emission prediction with the 3.101% MAPE value, 60.635 RMSE value, 28.898 MedAE value, and along with other performance metrics. A comparative study also concludes the same. Therefore, the deep learning-based LSTM model is suggested as one of the most appropriate models for CO2 emission prediction.