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

Noura Aldarmaki, Elfadil A. Mohamed, Noura Almansouri, Ibrahim Elsiddig Ahmed, Nazar Zaki

Research output: Chapter in Book/Report/Conference proceedingConference contribution

2 Citations (Scopus)

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
Publication statusPublished - Apr 26 2016
Event3rd MEC International Conference on Big Data and Smart City, ICBDSC 2016 - Muscat, Oman
Duration: Mar 15 2016Mar 16 2016

Publication series

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

Other

Other3rd MEC International Conference on Big Data and Smart City, ICBDSC 2016
Country/TerritoryOman
CityMuscat
Period3/15/163/16/16

Keywords

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

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Control and Systems Engineering
  • Development
  • Urban Studies

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