Stock Market Prediction Using Machine Learning (ML)
The Omicron variant of the novel coronavirus could be fatal enough to affect the lives of people on the planet. Or, it could be a glitch in an ever-lasting pandemic — a concern, to be sure, but a particularly small one.
In any case, no one is sure of what the future holds. And given that uncertainty, the stock and equity markets are swaying dangerously, like a tree before a storm, as the news about the new variant blows one way or another. This isn’t really stopping traders, investors, economists, and market strategists from making accurate predictions for the year ahead. Irrespective of where the pandemic takes us, it is crystal ball-gazing season again in the stock market.
It is that time of the year when researchers meddle with their algorithms and work on flows of forecasts that will accurately tell you where the S&9 500 will close next year, how high the inflation rate will be, and so on.
Stock market prediction is an evergreen topic because it appeals to the investigators. On YouTube, there are a large number of videos doing “expert predictions” of stocks, while videos teaching stock prediction methods appear to be popular as well.
Nowadays, machine learning models have been applied to predict the stock price. It can be hard to predict because a large number of factors need to be considered. Hence, the machine learning model that can take many inputs and assess the patterns would be ideal to accomplish this goal. The common machine learning techniques used for stock market prediction include linear regression, ARIMA family of techniques, support vector regression (SVR), and random forest. Social networking giant Facebook has also developed an open-source, advanced time series forecasting package called Prophet, which is frequently used to predict stock prices.
That being said, this article will explore the stock market and predict the stock market prices using machine learning (ML).
What is the Stock Market?
A stock market is a public market where you can purchase and sell shares of companies and organizations listed publicly. Stocks are also known as…