Affiliation:
1. Department of Commerce, School of Social Sciences and Languages, Vellore Institute of Technology, Vellore
Abstract
The Indian stock market is a dynamic, complicated system that is impacted by many different variables, making it difficult to anticipate its future. The utilization of deep learning and optimization techniques to forecast stock market movements has gained popularity in recent years. To foresee the Indian stock market, an innovative approach is presented in this study that combines the Grey Wolf Optimization algorithm with a hybrid Convolutional Neural Network (CNN) and Bi-Directional Long-Short Term Memory (Bi-LSTM) framework. The stock market information is first pre-processed utilizing a CNN to extract pertinent features. The Bi-LSTM system, that is intended to capture the long-term dependencies and temporal correlations of the stock market statistics, is then fed the CNN’s outcome. The model parameters are then optimized utilizing the Grey Wolf Optimization (GWO) technique, which also increases forecasting accuracy. The findings demonstrate that, in terms of forecasting accuracy, the suggested method outperforms a number of contemporary methods, including conventional time series models, neural networks, and evolutionary algorithms. Thus, the suggested methodology provides an effective way to forecast the Indian stock market by combining deep learning and optimization approaches.
Subject
Artificial Intelligence,General Engineering,Statistics and Probability
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