Effectiveness of Social Media in Stock Market Price Prediction Based on Machine Learning

Autor: Emre Karaşahin, Semih UTKU, OKAN OZTURKMENOGLU
Jazyk: angličtina
Rok vydání: 2022
Zdroj: Lecture Notes in Networks and Systems ISBN: 9783031091759
Popis: Trying to predict the future using social media data and analytics is very popular today. With this motivation, we aimed to make stock market predictions by creating different analysis models for 10 different banks traded in "Borsa Istanbul 100" over 3 different groups that we selected on social media. The groups determined within the scope of the study can be detailed as tweets posted by banks from their accounts, tweets posted with the name of the bank, and tweets with the name of the bank posted from approved accounts. In our analysis, we used various variations, including the tweets' sentiments, replies, retweet and like counts of the tweets, the effects of daily currency (Dollar, Euro, and Gold) prices, and the changes in stock changes up to 3 days. To apply some pre-processing techniques to the collected data, we defined sentiment classes for sentiment analysis, created 6 different models, and analyzed it using 7 different classification algorithms such as Multi-Layer Perceptron, Random Forest, and deep learning algorithm. After all the models and analysis, we got a total of 1440 different results. According to our results, the accuracy rates vary according to the data groups and models we have chosen. The tweet group in which the name of the banks is mentioned can be shown as the most successful data group and we can easily say that there is a certain relation between social media and stock market prices.
Databáze: OpenAIRE