TY - GEN
T1 - Cryptocurrency Price Movement Prediction Using the Hybrid SARIMAX-LSTM Method
AU - Achmadi, Galih Ridha
AU - Saikhu, Ahmad
AU - Amaliah, Bilqis
N1 - Publisher Copyright:
© 2023 IEEE.
PY - 2023
Y1 - 2023
N2 - In the digital age, the growth of blockchain technology, underpinning cryptocurrency, has been undeniable since its debut with Bitcoin in 2009. While the cryptocurrency market offers vast profit potential, its price volatility poses a significant challenge to investors and traders. Addressing this challenge, this study proposes a prediction method that fuses SARIMAX and LSTM into a Hybrid SARIMAX-LSTM model, considering trading volume as an exogenous factor. Through evaluation metrics like MSE, RMSE, MAPE, and MAE, it was found that this hybrid model provides more accurate forecasts than singular models, showcasing its potential to counteract cryptocurrency market volatility..
AB - In the digital age, the growth of blockchain technology, underpinning cryptocurrency, has been undeniable since its debut with Bitcoin in 2009. While the cryptocurrency market offers vast profit potential, its price volatility poses a significant challenge to investors and traders. Addressing this challenge, this study proposes a prediction method that fuses SARIMAX and LSTM into a Hybrid SARIMAX-LSTM model, considering trading volume as an exogenous factor. Through evaluation metrics like MSE, RMSE, MAPE, and MAE, it was found that this hybrid model provides more accurate forecasts than singular models, showcasing its potential to counteract cryptocurrency market volatility..
KW - ARIMA
KW - SARIMAX
KW - bitcoin
KW - cryptocurrency
KW - neural network
KW - prediction
KW - time series data
UR - http://www.scopus.com/inward/record.url?scp=85186515323&partnerID=8YFLogxK
U2 - 10.1109/ICAMIMIA60881.2023.10427973
DO - 10.1109/ICAMIMIA60881.2023.10427973
M3 - Conference contribution
AN - SCOPUS:85186515323
T3 - 2023 International Conference on Advanced Mechatronics, Intelligent Manufacture and Industrial Automation, ICAMIMIA 2023 - Proceedings
SP - 711
EP - 716
BT - 2023 International Conference on Advanced Mechatronics, Intelligent Manufacture and Industrial Automation, ICAMIMIA 2023 - Proceedings
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2023 International Conference on Advanced Mechatronics, Intelligent Manufacture and Industrial Automation, ICAMIMIA 2023
Y2 - 14 November 2023 through 15 November 2023
ER -
