Stock Market Prediction: The Power of Machine Learning and Social Media
$ 45.5
Description
The sudden outbreak of the COVID-19 pandemic led to the emergence of new and more perilous risks. These risks have incurred investors across the world to concern more about the resilience of the financial system. Obviously, stock markets have been severely influenced during this crisis period.
The key purpose is to predict the stock markets in these challenging times. Will the stock market rise or fall? This scenario is practically useful as it can be converted into the dilemma of “invest or not invest”, which is the basic question of each investor. With respect to profit maximization, the critical question is how we can detect the stocks that have great potential and invest in them.
Toward this direction, many intelligent models are generated to assist our effort to predict the behavior of the stock market. The book highlights the high predictive power of machine learning models. Also, beyond the use of traditional financial variables, the empirical analysis utilizes social media data (Twitter). Based on the prediction of real stock data, the best model achieves a remarkable performance (87%).