Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Forecasting Forex Rates: ARIMA, XGBoost, LSTM, and Monte Carlo Models

Forecasting Forex Rates: ARIMA, XGBoost, LSTM, and Monte Carlo Models

Wanjale, Kirti
Wanjale, Aditya

Paperback

Accounting

ISBN10: 6208421330
ISBN13: 9786208421335
Publisher: LAP Lambert Academic Publishing
Published: Jan 10 2025
Pages: 52
Weight: 0.18
Height: 0.12 Width: 6.00 Depth: 9.00
Language: English
The process of converting one currency into another for a variety of purposes-most commonly trade, tourism, or commerce-is known as foreign exchange, or forex (FX). As exchange rate pairs, currencies are traded against one another. For instance, the currency pair EUR/USD allows traders to trade the euro versus the US dollar, while GBP/JPY (British Pound/Japanese Yen). Foreign exchange (Forex) markets, as the world's largest financial arena, demand robust forecasting strategies to navigate their dynamic and complex nature. This research undertakes a thorough comparative analysis of forecasting models spanning two decades, from 2000 to 2019, utilizing data from the Federal Reserve's time series. The project delves into the core of Forex rate forecasting, addressing the critical need for accuracy in predicting exchange rate movements. In this context, the research scrutinizes the efficacy of diverse models, including traditional AutoRegressive Integrated Moving Average (ARIMA), machine learning's XGBoost, deep learning's Long Short-Term Memory (LSTM), and the unique perspective offered by Monte Carlo simulations.

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