DocumentCode
176999
Title
Enhanced stock prediction using social network and statistical model
Author
Xiaotian Jin ; Defeng Guo ; Hongjian Liu
Author_Institution
Shanghai Inst. of Commercial Dev., Shanghai, China
fYear
2014
fDate
29-30 Sept. 2014
Firstpage
1199
Lastpage
1203
Abstract
As a fundamental part of capital market, stock investment has great significance in optimizing capital allocation, funding as well as increasing the value of assets. To predict and evaluate the stock price also has important practical significance for investors due to the high income and high-risk characteristics of stock investments. However, the stock price is usually random fluctuation which affecting by speculative factors, thus make it is almost impossible to make accurate prediction. Considering conformist mentality is essential for accurately predict stock price. Recently, with expansive development of social networks (e.g. Facebook, Tweet or Sina weibo, etc.), huge users publish and exchange a variety of financial-related information with other users. Therefore, social network is an important approach to comprehend conformist mentality. In view of the above analysis, this paper proposed a new stock prediction method based on social networks and regression model, and we also used real dataset of NASDAQ market and Twitter to verify the proposed model. Experimental results show that the proposed method can accurately predict stock price.
Keywords
data analysis; investment; pricing; regression analysis; social networking (online); stock markets; Facebook; NASDAQ market; Sina weibo; Tweet; Twitter; capital allocation optimization; capital market; conformist mentality; financial-related information; random fluctuation; real dataset; regression model; social networks; speculative factors; statistical model; stock investment; stock prediction enhancement; stock price; Analytical models; Autoregressive processes; Hidden Markov models; Indexes; Predictive models; Social network services; Support vector machines; NASDAQ; Twitter; regression model; social network; stock prediction;
fLanguage
English
Publisher
ieee
Conference_Titel
Advanced Research and Technology in Industry Applications (WARTIA), 2014 IEEE Workshop on
Conference_Location
Ottawa, ON
Type
conf
DOI
10.1109/WARTIA.2014.6976495
Filename
6976495
Link To Document