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Association rules forecasting for the foreign exchange market.

Authors :
El Mahjouby, Mohamed
Bennani, Mohamed Taj
Lamrini, Mohamed
El Far, Mohamed
Source :
International Journal of Electrical & Computer Engineering (2088-8708); Jun2024, Vol. 14 Issue 3, p3443-3454, 12p
Publication Year :
2024

Abstract

Several association rule mining algorithms exist, and among them, Apriori is one of the most commonly used methods for extracting frequent item sets from vast databases and generating association rules to gain insights. In this research, we have applied a data mining technique to implement association rules and explore frequent item sets. Our study introduced a model that employs association rules to uncover associations between the foreign exchange market, the gold commodity, and the National Association of Securities Dealers automated quotations (NASDAQ). We suggested a method that used data mining to identify the good points of buying and selling in the foreign exchange market by utilizing technical indicators such as moving average convergence divergence (MACD) and the stochastic indicator to create association rules. The experimental findings indicate that the proposed model successfully generates strong association rules. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
20888708
Volume :
14
Issue :
3
Database :
Complementary Index
Journal :
International Journal of Electrical & Computer Engineering (2088-8708)
Publication Type :
Academic Journal
Accession number :
177892540
Full Text :
https://doi.org/10.11591/ijece.v14i3.pp3443-3454