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Mining Multiple Markets’ exchange Rate: An Artificial Intelligence tools Survey

Mining Multiple Markets’ exchange Rate: An Artificial Intelligence tools Survey
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Author(s): Chiu-Che Tseng (Texas A&M University–Commerce, USA)
Copyright: 2007
Pages: 4
Source title: Managing Worldwide Operations and Communications with Information Technology
Source Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-59904-929-8.ch067
ISBN13: 9781599049298
EISBN13: 9781466665378

Abstract

Foreign exchange rate prediction is an expanding industry with various commercial services throughout the world, employed various techniques providing foreign exchange rate predictions. This paper examined the daily exchange rate data from six different countries and used that data to discover the correlation relationship among them. In this study, we used five of the exchange markets’ daily data to predict the sixth market’s exchange rate of the next day. We used four different artificial intelligence algorithms as our tools and our experiments yield quite interesting results.

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