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Prediction of the closing price in the Dubai financial market: A data mining approach

  • United Arab Emirates University
  • Al Ain University of Science and Technology
  • Al Ghurair University

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

3 Scopus citations

Abstract

Closing prices of the financial stock market change daily at the end of each session. These changes happen because of many factors that affect the prices of the stocks. This study attempts to accurately predict closing prices by applying a data mining approach and investigate and identify the most influential factors of Dubai Financial Stock Market prices. The main objective of this study is to help investors plan their future investment opportunities well. Two methods are used in this study: supervised and unsupervised algorithms. The results obtained have shown that the model can predict the closing price using the classification algorithm with accuracy greater than 92% and that the regression algorithm succeeded in predicting the stock prices with a correlation coefficient equal to 0.8889.

Original languageEnglish
Title of host publication2016 3rd MEC International Conference on Big Data and Smart City, ICBDSC 2016
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages72-78
Number of pages7
ISBN (Electronic)9781509013654
DOIs
StatePublished - 26 Apr 2016
Externally publishedYes
Event3rd MEC International Conference on Big Data and Smart City, ICBDSC 2016 - Muscat, Oman
Duration: 15 Mar 201616 Mar 2016

Publication series

Name2016 3rd MEC International Conference on Big Data and Smart City, ICBDSC 2016

Conference

Conference3rd MEC International Conference on Big Data and Smart City, ICBDSC 2016
Country/TerritoryOman
CityMuscat
Period15/03/1616/03/16

Keywords

  • Artificial Neural Networks (ANN)
  • Financial Market (DFM)
  • Genetic Algorithms (GA)
  • Regression analysis
  • Voting Feature Intervals (VFI)
  • classification method
  • data mining
  • dividend yield (DY)

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