Artificial Intelligence and Machine Learning in Business Management

13 Recurrent Neural Network-Based Long Short-Term Memory Deep Neural Network Model for Forex Prediction

Minakhi Rout, Dhiraj Bhattarai, and Ajay Kumar Jena

School of Computer Engineering, Kalinga Institute of Industrial Technology (Deemed to be) University, Bhubaneswar, Odisha

Contents

• 13.1 Introduction
• 13.2 Related Work
• 13.3 Working Principle of LSTM
• 13.4 Results and Simulations Study
  • 13.4.1 Data Preparation
  • 13.4.2 Performance Measure
• 13.5 Results and Discussion
• 13.6 Conclusion
• References

13.1 Introduction

The prediction of forex data is a crucial and challenging task in short- and long-run financial decision making. The accurate prediction of foreign currency exchange rate can be beneficial to the financial institutions to deal with global import and export ...