Machine Learning-based Stock Market Forecasting using Recurrent Neural Network

• Published in: 2023 9th International Conference on Smart Computing and Communications (ICSCC) pp. 600 - 605
• Main Authors: Sharma, Priyanka, Sharma, Chirag, Mathur, Pramod
• Format: Conference Proceeding
• Language: English
• Published: IEEE 17.08.2023
• Subjects: Computational modeling; Data models; Deep Learning; Machine learning algorithms; Predictive models; Recurrent neural networks; Sentiment analysis; Stock Price prediction; time series
• DOI: 10.1109/ICSCC59169.2023.10335083

In today's world where trading became very common. Observing the trends and stock market predictions has become more and more popular. Forecasting the future value of a company's stock in the stock market is known as making a prediction. Stock market investment strategies are very complex and need lots of data and is a system of equities, in which you can purchase and sell stocks. There are two primary types of financial markets: primary and secondary markets. Simple machine learning algorithms have low accuracy which can't be used to predict stocks. The models being used in this study are: LSTM (Long Short-Term Memory) and RNN (Recurrent Neural Network). The model is trained and evaluated with various input data sizes, and the graphical outcomes. Results of both the models are compared and found that RNN performed the best with lower RMSE, MAE and MSE values of 0.95, 1.34 and 2.4 respectively. RNN differs from most previous work in that it learns a much richer modeling structure, allowing it to recognize patterns more accurately in a sequence of data than simpler models.