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The Experiment of Text And Number Combination Forecasting
Faisal Rahutomo, Muhamat Maariful Huda, Rosa Andrie Asmara, Awan Setiawan, Amalia Agung Septarina

State Polytechnic of Malang


Abstract

In foreign exchange money trading, historical data are publicly available continuously. This historical data such as opening, highest, lowest, and closing rate are important variable to predict the future of rates movement. The available data is not only historical trading itself, but also from news release and expert analysis from expert trader. This kind of data contains text and number. This paper proposes in forecasting the rates by combining text and number data. The combination of text mining technique with several time series method i.e: simple moving average, weighted moving average and exponential moving average. Research period for this experiment is between 1st December 2018 and 31st January 2019. The currency pair are EURUSD, USDJPY and EURJPY. Forecasting results with some time series method were compared with combined time series forecasting method and naive bayes classifier. The experiment results show that combined time series method with naive bayes classifier delivered better accuracy level.

Keywords:

Topic: Computer Science

Link: https://ifory.id/abstract/3xLKdTuZeyWm

Conference: The 4th Annual Applied Science and Engineering Conference (AASEC 2019)

Plain Format | Corresponding Author (Muhamat Maariful Huda)

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