Forecasting currency exchange rates using a neural network

 
Hello, could you please advise whether it is possible to use the STATISTICA package to predict the exchange rate for 10-15 days. This is an assignment for a course project. I found a similar example: http://www.statistica.ru/statportal/tabID__32/MId__141/ModeID__0/PageID__354/DesktopDefault.aspx, predicting gold exchange rate, but I'm a bit confused how to feed the input data to the neuron, could you help, if not with advice, at least with understandable reference literature?
 

Let me try to answer you, since others are bored. Suppose you are not a troll, and really don't understand what you are asking.

"Could you suggest ..." - could not. Although the possibility that somewhere near you will be Mr. Koreiko, aka Baba Vanga with a hundred hidden neural layers, aka Patrick, aka Robin Hood, still exists. We just have to wait. And then...

What are you interested in: STATISTICA, neural networks, price time series prediction or a course? If more to the latter, then change the subject; exclude the forecast of cvr, take something like compression or image/sound recognition or forecast of any natural events (weather there or the density of stars in the galaxy). In general, if you have a forecast then choose a topic where there is a pattern. Defend in time for the course, and at the same time you won't be disappointed with neural networks.

If you are interested in the process of fitting the raw data to the prediction, then yes, welcome. The forum is full of threads and articles.

 
Thank you for your reply. I'll do some digging.
 
KID: I found a similar example


Have you seen the date of this job? - 2006.

In 2006, there were still illusions about the possibility of predicting the exchange rate with the help of a neural network.

But now it's 2013, and there are no such illusions left))).

Therefore, your coursework will be absolutely useless.

 
Better write a term paper : Predicting the existence of patterns on future data found by a neural network on historical financial time series data.
 

The subject is taught by a very specific tutor, which makes the coursework a "cramp", so no one cares about relevance

 
LeoV:


Have you seen the date of this work? - 2006.

In 2006, there were illusions about the possibility of predicting exchange rates with the help of a neural network.

But it's 2013, and there are no such illusions left))).

Therefore, your coursework will be absolutely useless.



I don't know.... What about the delta cluster? Leonid didn't try it? I'm trying to build a network right now, it's looking good... but I need more research...

 
KID:

The subject is taught by a very specific tutor, which makes the coursework a "cramp", so no one cares about relevance

Then why are you asking questions here? You do not know how to make coursework from the category of "on the bluff": bank essays plus ctrl + C ctrl + V. - that's all the forecasting.
 

I don't think you'll find something like that in there, as he made up the subject himself, but I'll look for it.

 
nikelodeon:



I don't know.... What about the delta cluster? Leonid didn't try it? I'm trying to build a network right now and it looks like a full-fledged result... but need more research...


"The result is visible... but needs more research" is quite possibly self-defeating. Try to think of yourself as a simple soulless one-liner with two inputs: "how long have I got left in this world" and "the delta cluster has brought me so much profit", and one output: "is the time worth wasting".

If an idea does not work at once, you have to give it up and move on to something else. There is no need to be sorry, if there was a rational basis for it, and there really was "not enough research", the old idea will come back to you sooner or later.

 
KID:

I don't think you'll find anything like that in there, as he made up the subject himself, but I'll look for it.


Well, take someone's dissertation, there are some on the web, and creatively revise it. The level of many people is at best for a term paper, so it will do))
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