Description: Foreign-Exchange-Rate Forecasting with Artificial Neural Networks by Shouyang Wang, Kin Keung Lai, Lean Yu Furthermore, some important factors, such as economic growth, trade development, interest rates and inflation rates, have significant impacts on the exchange rate fluctuation. In this monograph, the authors try to apply artificial neural networks (ANNs) to exchange rates forecasting. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description The foreign exchange market is one of the most complex dynamic markets with the characteristics of high volatility, nonlinearity and irregularity. Since the Bretton Woods System collapsed in 1970s, the fluctuations in the foreign exchange market are more volatile than ever. Furthermore, some important factors, such as economic growth, trade development, interest rates and inflation rates, have significant impacts on the exchange rate fluctuation. Meantime, these characteristics also make it extremely difficult to predict foreign exchange rates. Therefore, exchange rates forecasting has become a very important and challenge research issue for both academic and ind- trial communities. In this monograph, the authors try to apply artificial neural networks (ANNs) to exchange rates forecasting. Selection of the ANN approach for - change rates forecasting is because of ANNs unique features and powerful pattern recognition capability. Unlike most of the traditional model-based forecasting techniques, ANNs are a class of data-driven, self-adaptive, and nonlinear methods that do not require specific assumptions on the und- lying data generating process. These features are particularly appealing for practical forecasting situations where data are abundant or easily available, even though the theoretical model or the underlying relationship is - known. Furthermore, ANNs have been successfully applied to a wide range of forecasting problems in almost all areas of business, industry and engineering. In addition, ANNs have been proved to be a universal fu- tional approximator that can capture any type of complex relationships. Notes The books modeling framework is multi-level enabling agent of an intelligent foreign-exchange-rate-forecasting methodology. Adding to the methodology is a decision-support system, which can be delivered by both a client/server model and widely-used web technologiesBecause of the highly useful computational techniques of Artificial Neural Networks (ANNs) to foreign-exchange-rate forecasting, managers, analysts and technical practitioners in financial institutions across the world will have considerable interest in the book, as well as scholars and graduate students studying financial markets and business forecast Table of Contents Preface.- Are foreign exchange rates predictable? An anatomy of a survey from artificial neural networks perspective.- Basic principles of ANN algorithms.- Data preparation in neural network data analysis.- Forecasting foreign exchange rates using an adaptive back-propagation algorithm with optimal learning rate and momentum factor.- An online learning algorithm with adaptive forgetting factors for BP neural network in foreign exchange rate forecasting.- An improved BP algorithm with adaptive smoothing momentum terms for foreign exchange rate prediction.- Hybridizing BPNN and exponential smoothing for foreign exchange rate prediction.- A nonlinear combined model integrating ANN and GLAR for exchange rate forecasting.- A hybrid GA-based SVM model for foreign exchange market trends exploration.- Forecasting foreign exchange rates with a multistage neural network ensemble model.- Foreign exchange rate ensemble forecasting with neural network meta-learning.- A confidence-based neural network ensemble model for predicting foreign exchange market movement direction.- Foreign exchange rates forecasting with multiple candidate models: selecting or combining?.- Developing an intelligent Forex rolling forecasting and trading decision support system I: conceptual framework, modeling techniques and system implementation: developing an intelligent Forex rolling forecasting and trading decision support system II-An empirical and comprehensive assessment.- References.- Subject index.- Author index. Review From the reviews:"This monograph consisting of six parts focuses on forecasting exchange rates via artificial neural networks (ANNs) and it is based on the fruit of a very pleasant scientific cooperation between three genuine academic researchers. …The academic researchers together with the business practitioners interested in the recent developments concerning the forecasting foreign exchange rates with ANNs will find in this book an excellent reference." (Vasile Postolica, Zentralblatt MATH, Vol. 1125 (2), 2008) Long Description The foreign exchange market is one of the most complex dynamic markets with the characteristics of high volatility, nonlinearity and irregularity. Since the Bretton Woods System collapsed in 1970s, the fluctuations in the foreign exchange market are more volatile than ever. Furthermore, some important factors, such as economic growth, trade development, interest rates and inflation rates, have significant impacts on the exchange rate fluctuation. Meantime, these characteristics also make it extremely difficult to predict foreign exchange rates. Therefore, exchange rates forecasting has become a very important and challenge research issue for both academic and ind- trial communities. In this monograph, the authors try to apply artificial neural networks (ANNs) to exchange rates forecasting. Selection of the ANN approach for - change rates forecasting is because of ANNs unique features and powerful pattern recognition capability. Unlike most of the traditional model-based forecasting techniques, ANNs are a class of data-driven, self-adaptive, and nonlinear methods that do not require specific assumptions on the und- lying data generating process. These features are particularly appealing for practical forecasting situations where data are abundant or easily available, even though the theoretical model or the underlying relationship is - known. Furthermore, ANNs have been successfully applied to a wide range of forecasting problems in almost all areas of business, industry and engineering. In addition, ANNs have been proved to be a universal fu- tional approximator that can capture any type of complex relationships. Review Quote From the reviews:"This monograph consisting of six parts focuses on forecasting exchange rates via artificial neural networks (ANNs) and it is based on the fruit of a very pleasant scientific cooperation between three genuine academic researchers. …The academic researchers together with the business practitioners interested in the recent developments concerning the forecasting foreign exchange rates with ANNs will find in this book an excellent reference." (Vasile Postolica, Zentralblatt MATH, Vol. 1125 (2), 2008) Feature The books modeling framework is multi-level enabling agent of an intelligent foreign-exchange-rate-forecasting methodology. Adding to the methodology is a decision-support system, which can be delivered by both a client/server model and widely-used web technologies Because of the highly useful computational techniques of Artificial Neural Networks (ANNs) to foreign-exchange-rate forecasting, managers, analysts and technical practitioners in financial institutions across the world will have considerable interest in the book, as well as scholars and graduate students studying financial markets and business forecast Description for Sales People A series of official, original Bond books written by acclaimed thriller writer, John Gardner. Details ISBN0387717196 Author Lean Yu Short Title FOREIGN-EXCHANGE-RATE FORECAST Series International Series in Operations Research & Management Science Language English ISBN-10 0387717196 ISBN-13 9780387717197 Media Book Format Hardcover Series Number 107 Year 2007 Imprint Springer-Verlag New York Inc. Place of Publication New York, NY Country of Publication United States DEWEY 332.4560113 Birth 1958 Pages 316 DOI 10.1007/978-0-387-71720-3 AU Release Date 2007-08-02 NZ Release Date 2007-08-02 US Release Date 2007-08-02 UK Release Date 2007-08-02 Publisher Springer-Verlag New York Inc. Publication Date 2007-08-02 Alternative 9781441944047 Illustrations XXIII, 316 p. Audience Postgraduate, Research & Scholarly Edition Description 2007 ed. Edition 2007th We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:96270623;
Price: 292.63 AUD
Location: Melbourne
End Time: 2025-02-04T07:15:31.000Z
Shipping Cost: 12.33 AUD
Product Images
Item Specifics
Restocking fee: No
Return shipping will be paid by: Buyer
Returns Accepted: Returns Accepted
Item must be returned within: 30 Days
ISBN-13: 9780387717197
Book Title: Foreign-Exchange-Rate Forecasting with Artificial Neural Networks
Number of Pages: 316 Pages
Language: English
Publication Name: Foreign-Exchange-Rate Forecasting with Artificial Neural Networks
Publisher: Springer-Verlag New York Inc.
Publication Year: 2007
Subject: Economics, Accounting, Finance, Computer Science, Mathematics, Management
Item Height: 235 mm
Item Weight: 682 g
Type: Textbook
Author: Kin Keung Lai, Lean Yu, Shouyang Wang
Subject Area: Data Analysis
Item Width: 155 mm
Format: Hardcover
