Weighted Moving Average of Forecasting Method for Predicting Bitcoin Share Price using High Frequency Data: A Statistical Method in Financial Cryptocurrency Technology
Journal Title: International Journal of Advanced Engineering Research and Science - Year 2018, Vol 5, Issue 1
Abstract
Bitcoin is a type of cryptocurrency that implemented decentralized digital currency method. The transaction is monitored and validated by peer-to peer system using hash programming. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. The objective of this study is to forecast the Bitcoin exchange rate using weighted moving average method. Data selected in this study are selected hourly from 14th December 2017 until 18th December 2017. The forecasting method is using weighted moving average. Then, the validity of the forecasting model is validated using mean absolute percentage error (MAPE) calculation. Results indicated mean absolute percentage error is 0.72%. Therefore, the moving average method is considered as reliable forecasting method for Bitcoin exchange rate. The finding of this study will help investors to make best decision regarding suitable portfolio for their investment.
Authors and Affiliations
Keywords
Related Articles
- EP ID EP507454
- DOI 10.22161/ijaers.5.1.11
- Views 38
- Downloads 0
Sustainability Assessment Method GEITEC: An interdisciplinary technology based on the Theory U
This paper aims to develop a method for assessing the sustainability of sustainable use units through indicators. The specific objectives are to identify the characteristics of sustainability assessment criteria in Extra...
Economic and multivariate analysis of banana production (Musa sp.) Cultivated in the semi-arid region of northeast Brazil
The objective of this work was to evaluate the economic viability and develop a multivariate analysis for banana crop data in the semi-arid region of Brazilian Northeastern. The study adopted a methodology widely dissemi...
Considerations on the Reynolds' Transport Theorem
The Reynolds’ transport theorem deals with the rate of change of an extensive property, N, of a fluid in a control volume. Its purpose is to provide a link between the concepts associated to the control volumesand those...
Pigmented Oral Lesion Associated with Root Canal Sealers: A diagnostic Dilemma
The mucosa exogenous pigmentation may occur in consequence of dental materials contact, such as amalgam pigmentation. Aim: This paper reports a rare case of oral pigmentation due to extrusion of N-Rickert root canal seal...
Policy, Institutional and Legal Guidelines for Sustainable Use of Constructed Wetlands in Tanzania
The guidelines will provide all stakeholders especially planners, designers and constructors as well as funding agencies in the Tanzania with an easy guidance in policy, institutional and legal aspects required to be con...