The Prediction of Precious Metal Prices via Artificial Neural Network by Using RapidMiner
In this paper, an Artificial Neural Network study has been implemented to forecast the prediction of precious metals such as gold, silver, platinum and palladium prices by using RapidMiner data mining software. The five performance measures; root mean squared error, absolute error, relative error, S...
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| Format: | Article |
| Language: | English |
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Istanbul University
2017-06-01
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| Series: | Alphanumeric Journal |
| Subjects: | |
| Online Access: |
http://alphanumericjournal.com/media/Issue/volume-5-issue-1-2017/the-prediction-of-precious-metal-prices-via-artificial-neura_SzcS45q.pdf
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| _version_ | 1797923729645240320 |
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| author | Ufuk Çelik Çağatay Başarır |
| author_facet | Ufuk Çelik Çağatay Başarır |
| author_sort | Ufuk Çelik |
| collection | DOAJ |
| description | In this paper, an Artificial Neural Network study has been implemented to forecast the prediction of precious metals such as gold, silver, platinum and palladium prices by using RapidMiner data mining software. The five performance measures; root mean squared error, absolute error, relative error, Spearman's Rho and Kendall's Tau are utilized to evaluate artificial neural network model. This study concentrates on data which includes gold, silver, palladium, platinum, Brent Petrol, natural gas prices, 30 years' bond, 10 years' bond, 5 years' bond, SP 500, Nasdaq, Dow Jones, FTSE100, DAX, CAC40, SMI, NIKKEI, HANH, SENG and Euro/USD within the period of 4th of January 2010 to 14th of December 2015. The prices on the last quarter of 2015 is used for forecasting and validation. The results show that error rates are accurate in order to foresee the market trends. |
| first_indexed | 2024-04-10T14:50:46Z |
| format | Article |
| id | doaj.art-0a9ba852dbf24a26a73a8477c835bf86 |
| institution | Directory Open Access Journal |
| issn | 2148-2225 |
| language | English |
| last_indexed | 2024-04-10T14:50:46Z |
| publishDate | 2017-06-01 |
| publisher | Istanbul University |
| record_format | Article |
| series | Alphanumeric Journal |
| spelling | doaj.art-0a9ba852dbf24a26a73a8477c835bf862023-02-15T16:07:35ZengIstanbul UniversityAlphanumeric Journal2148-22252017-06-01514554http://dx.doi.org/10.17093/alphanumeric.29038121482225The Prediction of Precious Metal Prices via Artificial Neural Network by Using RapidMinerUfuk Çelik0Çağatay Başarır1 Bandırma Onyedi Eylül University, Department of Computer Technologies, Gonen Vocational School Bandırma Onyedi Eylül University, Department of International Trades and Logistics, Ömer Seyfettin Faculty of Applied Sciences In this paper, an Artificial Neural Network study has been implemented to forecast the prediction of precious metals such as gold, silver, platinum and palladium prices by using RapidMiner data mining software. The five performance measures; root mean squared error, absolute error, relative error, Spearman's Rho and Kendall's Tau are utilized to evaluate artificial neural network model. This study concentrates on data which includes gold, silver, palladium, platinum, Brent Petrol, natural gas prices, 30 years' bond, 10 years' bond, 5 years' bond, SP 500, Nasdaq, Dow Jones, FTSE100, DAX, CAC40, SMI, NIKKEI, HANH, SENG and Euro/USD within the period of 4th of January 2010 to 14th of December 2015. The prices on the last quarter of 2015 is used for forecasting and validation. The results show that error rates are accurate in order to foresee the market trends. http://alphanumericjournal.com/media/Issue/volume-5-issue-1-2017/the-prediction-of-precious-metal-prices-via-artificial-neura_SzcS45q.pdf forecastingmultilayer-perceptronneural networkstime series |
| spellingShingle | Ufuk Çelik Çağatay Başarır The Prediction of Precious Metal Prices via Artificial Neural Network by Using RapidMiner Alphanumeric Journal forecasting multilayer-perceptron neural networks time series |
| title | The Prediction of Precious Metal Prices via Artificial Neural Network by Using RapidMiner |
| title_full | The Prediction of Precious Metal Prices via Artificial Neural Network by Using RapidMiner |
| title_fullStr | The Prediction of Precious Metal Prices via Artificial Neural Network by Using RapidMiner |
| title_full_unstemmed | The Prediction of Precious Metal Prices via Artificial Neural Network by Using RapidMiner |
| title_short | The Prediction of Precious Metal Prices via Artificial Neural Network by Using RapidMiner |
| title_sort | prediction of precious metal prices via artificial neural network by using rapidminer |
| topic | forecasting multilayer-perceptron neural networks time series |
| url |
http://alphanumericjournal.com/media/Issue/volume-5-issue-1-2017/the-prediction-of-precious-metal-prices-via-artificial-neura_SzcS45q.pdf
|
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