Prediction of Gold Prices Using Artificial Neural Networks

Kemal Adem

doi:10.29137/umagd.350596

EN

Prediction of Gold Prices Using Artificial Neural Networks

Abstract

Gold, which has fulfilled the functions that money has in the past years, is now mostly used as a means of saving. Gold has been an investment instrument for Turkish society for many years. In addition, it is perceived as the most reliable means of investment by people in times of crisis and war. It is very important to estimate gold prices for investors who want to earn high profits from their investments. In this study, as input (independent variables), the data set consisting of Brent oil price, USD price, BIST100 index, Central Bank of the Republic of Turkey weekly interest rate, silver and copper prices was applied to the price of gold in ounce by applying Multi-Layer Perceptron Neural Network (MLPNN) is intended to be estimated. As the data set, weekly price and index values were used between January 2010 and December 2016 period. As a result of the study, suggestions were made about the effectiveness of gold on the input variables created by using MLPNN.

Keywords

Investment,Gold prices,Prediction

References

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Kemal Adem
GaziOsmanpaşa Tıp Fakültesi
Türkiye

Publication Date

December 26, 2017

Submission Date

October 8, 2017

Acceptance Date

December 1, 2017

Published in Issue

Year 2017 Volume: 9 Number: 3

DOI

https://doi.org/10.29137/umagd.350596

IZ

https://izlik.org/JA55KX99ZT

APA

Adem, K. (2017). Prediction of Gold Prices Using Artificial Neural Networks. International Journal of Engineering Research and Development, 9(3), 83-89. https://doi.org/10.29137/umagd.350596

AMA

1.Adem K. Prediction of Gold Prices Using Artificial Neural Networks. IJERAD. 2017;9(3):83-89. doi:10.29137/umagd.350596

Chicago

Adem, Kemal. 2017. “Prediction of Gold Prices Using Artificial Neural Networks”. International Journal of Engineering Research and Development 9 (3): 83-89. https://doi.org/10.29137/umagd.350596.

EndNote

Adem K (December 1, 2017) Prediction of Gold Prices Using Artificial Neural Networks. International Journal of Engineering Research and Development 9 3 83–89.

IEEE

[1]K. Adem, “Prediction of Gold Prices Using Artificial Neural Networks”, IJERAD, vol. 9, no. 3, pp. 83–89, Dec. 2017, doi: 10.29137/umagd.350596.

ISNAD

Adem, Kemal. “Prediction of Gold Prices Using Artificial Neural Networks”. International Journal of Engineering Research and Development 9/3 (December 1, 2017): 83-89. https://doi.org/10.29137/umagd.350596.

JAMA

1.Adem K. Prediction of Gold Prices Using Artificial Neural Networks. IJERAD. 2017;9:83–89.

MLA

Adem, Kemal. “Prediction of Gold Prices Using Artificial Neural Networks”. International Journal of Engineering Research and Development, vol. 9, no. 3, Dec. 2017, pp. 83-89, doi:10.29137/umagd.350596.

Vancouver

1.Kemal Adem. Prediction of Gold Prices Using Artificial Neural Networks. IJERAD. 2017 Dec. 1;9(3):83-9. doi:10.29137/umagd.350596

Cited By

Prediction of Gold Prices Using Multilayer Artificial Neural Networks Method

Sosyoekonomi

https://doi.org/10.17233/sosyoekonomi.2020.04.13

Kırıkkale University, Faculty of Engineering and Natural Science, 71450 Yahşihan / Kırıkkale, Türkiye.

ijerad@kku.edu.tr