<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Cryptocurrencies are digital assets that can be stored and transferred electronically. Bitcoin (BTC) is one of the most popular cryptocurrencies that has attracted many attentions. The BTC price is considered as a high volatility time series with non-stationary and non-linear behavior. Therefore, the BTC price forecasting is a new, challenging, and open problem. In this research, we aim the predicting price using machine learning and statistical techniques. We deploy several robust approaches such as the Box-Jenkins, Autoregression (AR), Moving Average (MA), ARIMA, Autocorrelation Function (ACF), Partial Autocorrelation Function (PACF), and Grid Search algorithms to predict BTC price. To evaluate the performance of the proposed model, Forecast Error (FE), Mean Forecast Error (MFE), Mean Absolute Error (MAE), Mean Squared Error (MSE), as well as Root Mean Squared Error (RMSE), are considered in our study.</p>
</abstract>

Cryptocurrencies are digital assets that can be stored and transferred electronically. Bitcoin (BTC) is one of the most popular cryptocurrencies that has attracted many attentions. The BTC price is considered as a high volatility time series with non-stationary and non-linear behavior. Therefore, the BTC price forecasting is a new, challenging, and open problem. In this research, we aim the predicting price using machine learning and statistical techniques. We deploy several robust approaches such as the Box-Jenkins, Autoregression (AR), Moving Average (MA), ARIMA, Autocorrelation Function (ACF), Partial Autocorrelation Function (PACF), and Grid Search algorithms to predict BTC price. To evaluate the performance of the proposed model, Forecast Error (FE), Mean Forecast Error (MFE), Mean Absolute Error (MAE), Mean Squared Error (MSE), as well as Root Mean Squared Error (RMSE), are considered in our study.

Bitcoin daily close price prediction using optimized grid search method

Department of Information Technology Engineering

Acta Universitatis Sapientiae, Informatica

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Bitcoin daily close price prediction using optimized grid search method"}

Cryptocurrencies are digital assets that can be stored and transferred electronically. Bitcoin (BTC) is one of the most popular cryptocurrencies that has...

Bitcoin daily close price prediction using optimized grid search method

Published Online: Feb 02, 2022

Page range: 265 - 287

Received: Jul 16, 2021

Accepted: Oct 25, 2021

DOI: https://doi.org/10.2478/ausi-2021-0012

© 2021 Marzieh Rostami et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.