Progress and prospects of data-driven stock price forecasting research

With the rapid development of social economy and the continuous improvement of stock market, stock investment has become more and more widely concerned. Stock price prediction has become an important research direction in the field of cognitive computing in engineering. Data-driven stock price forec...

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Bibliographic Details
Main Authors: Chuanjun Zhao, Meiling Wu, Jingfeng Liu, Zening Duan, Jie li, Lihua Shen, Xuekui Shangguan, Donghang Liu, Yanjie Wang
Format: Article
Language:English
Published: KeAi Communications Co., Ltd. 2023-06-01
Series:International Journal of Cognitive Computing in Engineering
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2666307423000116
Description
Summary:With the rapid development of social economy and the continuous improvement of stock market, stock investment has become more and more widely concerned. Stock price prediction has become an important research direction in the field of cognitive computing in engineering. Data-driven stock price forecasting aims to predict future stock price trends based on historical values and textual data, which can effectively help people reduce risks and improve returns in the process of stock investment. The article reviews the literature on stock price forecasting methods, and classifies stock price forecasting methods from two different perspectives of model and feature. According to different model angles, the existing stock price prediction methods can be divided into statistical analysis methods, traditional machine learning methods and deep learning methods. According to different characteristic angles, the existing stock price prediction methods can be divided into those based on numerical data and those based on text mixed with numerical data. Finally, we summarize the research challenges faced by stock price prediction and provide future research directions.
ISSN:2666-3074