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Estimation of International Gold Price by Fusing Deep/Shallow Machine Learning
- Source :
- Journal of Advanced Transportation. March 22, 2022, Vol. 2022
- Publication Year :
- 2022
-
Abstract
- In this work, we propose a new method that combines the support vector machine (SVM) and the long short-term memory (LSTM) model utilizing the theory of quotient space to predict the price of gold by leveraging the price factors that have supposedly an impact on the gold price. The Pearson correlation coefficient is employed to measure the relations between nine price factors and gold price. The five price factors with larger correlation coefficients are picked. Then, by utilizing the Granger causality test, the gold price may change concerning the two price factors when time is a concern, which results in combining the results of the correlation analysis with the results of Granger causality leading to a total of seven price factors. Also, the gold price can be divided into the quarters of the year according to the theory of the quotient space and temporal attribute. With three granularities per month, a 3-layer quotient space is constructed based on the synthesized and calculated granularities. The proposed method provides the prediction results that are compared with the predicted values of some grey models (GM) and the actual gold price, respectively. The results suggested that the prediction results of gold price have a comparable lower error measurement and perform better.<br />Author(s): Wenjing Chen (corresponding author) [1] 1. Introduction The manufacturing industry is the key of large countries such as the United States. Gold has always been a unique exchange material [...]
- Subjects :
- Dow Jones & Company Inc. -- Forecasts and trends
Newspaper publishing -- Forecasts and trends
Gold -- Forecasts and trends -- Analysis
Commodity futures -- Analysis -- Forecasts and trends
Machine learning -- Forecasts and trends -- Analysis
Market trend/market analysis
Transportation industry
Subjects
Details
- Language :
- English
- ISSN :
- 01976729
- Volume :
- 2022
- Database :
- Gale General OneFile
- Journal :
- Journal of Advanced Transportation
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.699257731
- Full Text :
- https://doi.org/10.1155/2022/6211861