International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 3 May-June 2024 Submit your research before last 3 days of June to publish your research paper in the issue of May-June.

Data Mining Strategies for Gold Price Prediction Using Multi-Factorial Influences

Author(s) Divya Sri K, Swetha B, Rakshitha Y, Alajangi Shreya, D Kavitha
Country India
Abstract The prediction of gold prices is a critical endeavor in the realm of financial markets, given the precious metal's significance as a store of value and its susceptibility to various economic, geopolitical, and market influences. This research focuses on the application of machine learning (ML) models to predict gold rates by incorporating factors such as the dollar exchange rate, crude oil prices, and element prices. The objective is to utilize advanced ML algorithms, including regression, decision trees, and ensemble methods, to analyze and interpret the complex relationships between these key factors and gold prices. Through the use of robust ML models and historical data, the study aims to improve the accuracy of gold rate predictions. Additionally, the research seeks to explore the importance of features and interactions among variables to develop comprehensive predictive models. The utilization of ML techniques in this context is expected to provide a deeper understanding of the dynamic influences of the dollar exchange rate, crude oil prices, and element prices on gold rates, offering valuable insights for investment and risk management strategies in financial markets.
Keywords Ensemble Learning, Data Mining, Time Series Analysis, Cross-Validation, Hyper parameter Tuning, Financial Markets, ARIMA.
Field Engineering
Published In Volume 6, Issue 3, May-June 2024
Published On 2024-05-05
Cite This Data Mining Strategies for Gold Price Prediction Using Multi-Factorial Influences - Divya Sri K, Swetha B, Rakshitha Y, Alajangi Shreya, D Kavitha - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.18567
DOI https://doi.org/10.36948/ijfmr.2024.v06i03.18567
Short DOI https://doi.org/gttbjq

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