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Improving Cryptocurrency Price Prediction Accuracy with Multi-Kernel Support Vector Regression Approach.

Authors :
Thumu, Subba Reddy
Nellore, Geethanjali
Source :
International Research Journal of Multidisciplinary Technovation (IRJMT); 2024, Vol. 6 Issue 4, p20-31, 12p
Publication Year :
2024

Abstract

Cryptocurrencies are digital assets that have attracted a lot of investment and attention. It is challenging and essential for investors and traders to predict their stock price movements. Making accurate predictions about cryptocurrency prices is crucial for avoiding losses and gaining profits. Our research proposes a novel method for predicting the stock closed prices of three popular cryptocurrencies: Bitcoin, Ethereum and Polkadot. The SVR (Support vector regression) machine learning method can provide robust and accurate predictions for nonlinear and nonstationary data. This paper compares SVR radial basis functions (RBFs) and hybrid kernels based on cryptocurrency data characteristics. SVR parameters such as regularization, gamma, and epsilon can also be tuned using grid search. Our approach is tested on real-world cryptocurrency stock prices collected from Yahoo Finance. Prediction performance is measured using regression metrics like MAPE (Mean absolute percentage error) and R² score. In our work, a MAPE value of 0.07772 and an R² score of 0.9999 have been obtained. The results of our experiments indicate that our approach is significantly more accurate and reliable than existing methods. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
25821040
Volume :
6
Issue :
4
Database :
Complementary Index
Journal :
International Research Journal of Multidisciplinary Technovation (IRJMT)
Publication Type :
Academic Journal
Accession number :
180126689
Full Text :
https://doi.org/10.54392/irjmt2443