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Evaluation of Pattern Based Customized Approach for Stock Market Trend Prediction With Big Data and Machine Learning Techniques
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Author(s): Jai Prakash Verma (Institute of Technology Nirma University, Ahmedabad, India), Sudeep Tanwar (Institute of Technology Nirma University, Ahmedabad, India), Sanjay Garg (Institute of Technology Nirma University, Ahmedabad, India), Ishit Gandhi (Institute of Technology Nirma University, Ahmedabad, India)and Nikita H. Bachani (Institute of Technology Nirma University, Ahmedabad, India)
Copyright: 2022
Pages: 16
Source title:
Research Anthology on Machine Learning Techniques, Methods, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-6291-1.ch065
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Abstract
The stock market is very volatile and non-stationary and generates huge volumes of data in every second. In this article, the existing machine learning algorithms are analyzed for stock market forecasting and also a new pattern-finding algorithm for forecasting stock trend is developed. Three approaches can be used to solve the problem: fundamental analysis, technical analysis, and the machine learning. Experimental analysis done in this article shows that the machine learning could be useful for investors to make profitable decisions. In order to conduct these processes, a real-time dataset has been obtained from the Indian stock market. This article learns the model from Indian National Stock Exchange (NSE) data obtained from Yahoo API to forecast stock prices and targets to make a profit over time. In this article, two separate algorithms and methodologies are analyzed to forecast stock market trends and iteratively improve the model to achieve higher accuracy. Results are showing that the proposed pattern-based customized algorithm is more accurate (10 to 15%) as compared to other two machine learning techniques, which are also increased as the time window increases.
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