Please use this identifier to cite or link to this item: http://cmuir.cmu.ac.th/jspui/handle/6653943832/71032
Title: Forecasting the exchange rate for USD to RMB using RNN and SVM
Authors: Ruofan Liao
Petchaluck Boonyakunakorn
Napat Harnpornchai
Songsak Sriboonchitta
Keywords: Physics and Astronomy
Issue Date: 21-Aug-2020
Abstract: © Published under licence by IOP Publishing Ltd. One of the most important mechanisms supporting world trade is the exchange rate. Depreciation or appreciation of any currency, especially those main currencies such as US dollar, Pound sterling, Renminbi, could greatly affect international trade leading to greater impact to businesses and people's wellbeing. Recently, researchers have been exploring the use of machine learning techniques to forecast time series data in the financial area. This paper will use machine learning techniques, namely Recurrent Neural Network (RNN), Support Vector Machine (SVM), and a traditional model, namely the ARIMA model which is selected as a benchmark. The result shows that RNN has the best performance compared with both SVM and ARIMA. This paper aims to forecast the exchange rate for USD to RMB, which could give the involved country, institution or people the foresight of the situation and prepare for risk.
URI: https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85090496081&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/71032
ISSN: 17426596
17426588
Appears in Collections:CMUL: Journal Articles

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