Using a weightless neural network to forecast stock prices: A case study of Nigerian stock exchange

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2011

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Computer Engineering
(1998)
The Atılım University Department of Computer Engineering was founded in 1998. The department curriculum is prepared in a way that meets the demands for knowledge and skills after graduation, and is subject to periodical reviews and updates in line with international standards. Our Department offers education in many fields of expertise, such as software development, hardware systems, data structures, computer networks, artificial intelligence, machine learning, image processing, natural language processing, object based design, information security, and cloud computing. The education offered by our department is based on practical approaches, with modern laboratories, projects and internship programs. The undergraduate program at our department was accredited in 2014 by the Association of Evaluation and Accreditation of Engineering Programs (MÜDEK) and was granted the label EUR-ACE, valid through Europe. In addition to the undergraduate program, our department offers thesis or non-thesis graduate degree programs (MS).

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This research work, proposes forecasting stock prices in the stock market industry in Nigeria using a Weightless Neural Network (WNN). A neural network application used to demonstrate the application of the WNN in the forecasting of stock prices in the market is designed and implemented in Visual Foxpro 6.0. The proposed network is tested with stock data obtained from the Nigeria Stock Exchange. This system is compared with Single Exponential Smoothing (SES) model. The WNN error value is found to be 0.39 while that of SES is 9.78, based on these values, forecasting with the WNN is observed to be more accurate and closer to the real data than those using the SES model. ©2011 Academic Journals.

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Single exponential smoothing, Weightless neural network

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Scientific Research and Essays

Volume

6

Issue

14

Start Page

2934

End Page

2940

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https://hdl.handle.net/20.500.14411/9300

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Scopus