Bitcoin price forecasting: Linear discriminant analysis with sentiment evaluation

dc.contributor.authorGurrib, Ikhlaas
dc.contributor.authorKamalov, Firuz
dc.contributor.authorSmail, Linda
dc.date.accessioned2022-01-11T13:42:48Z
dc.date.available2022-01-11T13:42:48Z
dc.date.copyright© 2021
dc.date.issued2021-08-25
dc.descriptionThis 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/10.1145/3485557.3485561en_US
dc.description.abstractCryptocurrencies 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.citationGurrib, I., Kamalov, F., & Smail, L. (2021). Bitcoin price forecasting: Linear discriminant analysis with sentiment evaluation. Paper presented at the ACM International Conference Proceeding Series, 4, 1-5. https://doi-org.ezp.cud.ac.ae/10.1145/3485557.3485561en_US
dc.identifier.isbn978-145038418-6
dc.identifier.urihttps://doi-org.ezp.cud.ac.ae/10.1145/3485557.3485561
dc.identifier.urihttp://hdl.handle.net/20.500.12519/491
dc.language.isoenen_US
dc.publisherAssociation for Computing Machineryen_US
dc.relationAuthors 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.ispartofseriesACM International Conference Proceeding Series;
dc.rightsPermission to reuse abstract has been secured from Association for Computing Machinery
dc.rights.holderCopyright : © 2021 Association for Computing Machinery. All rights reserved.
dc.subjectBitcoinen_US
dc.subjectForecastingen_US
dc.subjectLinear discriminant analysisen_US
dc.subjectNatural language processingen_US
dc.subjectSentiment analysisen_US
dc.titleBitcoin price forecasting: Linear discriminant analysis with sentiment evaluationen_US
dc.typeConference Paperen_US
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