Bitcoin price forecasting: Linear discriminant analysis with sentiment evaluation

dc.contributor.author Gurrib, Ikhlaas
dc.contributor.author Kamalov, Firuz
dc.contributor.author Smail, Linda
dc.date.accessioned 2022-01-11T13:42:48Z
dc.date.available 2022-01-11T13:42:48Z
dc.date.copyright © 2021
dc.date.issued 2021-08-25
dc.description This conference paper is not available at CUD collection. The version of scholarly record of this article is published in ACM International Conference Proceeding Series (2021), available online at: https://doi-org.ezp.cud.ac.ae/10.1145/3485557.3485561 en_US
dc.description.abstract Cryptocurrencies such as bitcoin have garnered a lot of attention in recent months due to their meteoric rise. In this paper, we propose a new method for predicting the direction of bitcoin price using linear discriminant analysis (LDA) together with sentiment analysis. Concretely, we train an LDA-based classifier that uses the current bitcoin price information and Twitter headline news in order to forecast the next-day direction of bitcoin price. The proposed model achieves highly accurate results beating several benchmark targets. In particular, the proposed approach produces forecast accuracy of 0.828 and AUC of 0.840 on the test data. © 2021 Association for Computing Machinery. All rights reserved. en_US
dc.identifier.citation Gurrib, I., Kamalov, F., & Smail, L. (2021). Bitcoin price forecasting: Linear discriminant analysis with sentiment evaluation. Paper presented at the ACM International Conference Proceeding Series, https://doi-org.ezp.cud.ac.ae/10.1145/3485557.3485561 en_US
dc.identifier.isbn 978-145038418-6
dc.identifier.uri https://doi-org.ezp.cud.ac.ae/10.1145/3485557.3485561
dc.identifier.uri http://hdl.handle.net/20.500.12519/491
dc.language.iso en en_US
dc.publisher Association for Computing Machinery en_US
dc.relation Authors Affiliations : Gurrib, I., Canadian University Dubai, Dubai, United Arab Emirates; Kamalov, F., Canadian University Dubai, Dubai, United Arab Emirates; Smail, L., Zayed University, Dubai, United Arab Emirates
dc.relation.ispartofseries ACM International Conference Proceeding Series;
dc.rights Permission to reuse abstract has been secured from Association for Computing Machinery
dc.rights.holder Copyright : © 2021 Association for Computing Machinery. All rights reserved.
dc.subject Bitcoin en_US
dc.subject Forecasting en_US
dc.subject Linear discriminant analysis en_US
dc.subject Natural language processing en_US
dc.subject Sentiment analysis en_US
dc.title Bitcoin price forecasting: Linear discriminant analysis with sentiment evaluation en_US
dc.type Conference Paper en_US
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