Optimal Feature Selection of Technical Indicator and Stock Prediction Using Machine Learning Technique

Nagaraj Naik*, Biju R. Mohan

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contribution

37 Citations (Scopus)

Abstract

Short-term trading is a difficult task due to fluctuating demand and supply in the stock market. These demands and supply are reflected in stock prices. The stock prices may be predicted using technical indicators. Most of the existing literature considered the limited technical indicators to measure short-term prices. We have considered 33 different combinations of technical indicators to predict the stock prices. The paper has two objectives, first is the technical indicator feature selection and identification of the relevant technical indicators by using Boruta feature selection technique. The second objective is an accurate prediction model for stocks. To predict stock prices we have proposed ANN (Artificial Neural Network) Regression prediction model and model performance is evaluated using metrics is Mean absolute error (MAE) and Root mean square error (RMSE). The experimental results are better than the existing method by decreasing the error rate in the prediction to 12%. We have used the National Stock Exchange, India (NSE) data for the experiment.

Original languageEnglish
Title of host publicationEmerging Technologies in Computer Engineering
Subtitle of host publicationMicroservices in Big Data Analytics - 2nd International Conference, ICETCE 2019, Revised Selected Papers
EditorsSeeram Ramakrishna, Arun K. Somani, Anil Chaudhary, Chothmal Choudhary, Basant Agarwal
PublisherSpringer Verlag
Pages261-268
Number of pages8
ISBN (Print)9789811382994
DOIs
Publication statusPublished - 2019
Event2nd International Conference on Emerging Technologies in Computer Engineering: Microservices in Big Data Analytics, ICETCE 2019 - Jaipur, India
Duration: 01-02-201902-02-2019

Publication series

NameCommunications in Computer and Information Science
Volume985
ISSN (Print)1865-0929
ISSN (Electronic)1865-0937

Conference

Conference2nd International Conference on Emerging Technologies in Computer Engineering: Microservices in Big Data Analytics, ICETCE 2019
Country/TerritoryIndia
CityJaipur
Period01-02-1902-02-19

All Science Journal Classification (ASJC) codes

  • General Computer Science
  • General Mathematics

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