Title
A Deep Learning Approach for Amazon EC2 Spot Price Prediction
Abstract
Spot Instances (SI) represent one of the ways cloud service providers use to deal with idle resources in off-peak periods, where these resources are being auctioned at low prices to customers with limited budgets in a dynamic manner. However, SI are poorly utilized due to issues like out-of-bid failures and bidding complexity. Thus, effective SI price models are of great importance to customers in order to plan their bidding strategies. This paper proposes a deep learning approach for Amazon EC2 SI price prediction, which is a time-series analysis (TSA) problem. The proposed Long Short-Term Memory (LSTM) approach is compared with a well-known classical (i.e., non deep learning) approach for TSA, which is AutoRegressive Integrated Moving Average (ARIMA), using different accuracy measures commonly used in TSA. The results show the superiority of the LSTM approach compared with the ARIMA approach in many aspects.
Year
DOI
Venue
2018
10.1109/AICCSA.2018.8612783
2018 IEEE/ACS 15th International Conference on Computer Systems and Applications (AICCSA)
Keywords
Field
DocType
Time-Series Analysis,Amazon EC2 Spot Instance Price Prediction,Long Short-Term Memory (LSTM),AutoRegressive Integrated Moving Average (ARIMA)
Spot contract,Computer science,Recurrent neural network,Autoregressive integrated moving average,Real-time computing,Amazon rainforest,Artificial intelligence,Cloud service provider,Deep learning,Bidding,Machine learning,Price prediction
Conference
ISSN
ISBN
Citations 
2161-5322
978-1-5386-9121-2
0
PageRank 
References 
Authors
0.34
5
4
Name
Order
Citations
PageRank
Hana' Al-Theiabat100.68
Mahmoud Al-Ayyoub273063.41
Mohammad A. Alsmirat313016.98
Monther Aldwairi400.68