Analysing Tesla Stock Prices Using Machine Learning Algorithm
Analysing Tesla Stock Prices Using Machine Learning Algorithm
ISSN No:-2456-2165
Abstract:- Long-term research has focused heavily on the firm offers. In order to keep the vehicles usable in the
the prediction of stock values. Predicting stock prices has market and also decline of the stock prices the accurate
been one of the biggest concerns in recent years. Trading prediction of used car prices was very important for the new
stocks is a significant economic activity that contributes and existing customers and the company itself. Since the
to society and enables individuals to increase their commencement of the stock market, investors have sought
income. Making a prediction about the stock market to accurately predict stock prices.[2]
involves attempting to anticipate the future value of a
company's stock or another financial instrument traded Few stocks have been as fascinating and contentious
on a stock exchange. Gains for investors will be over the past two years as Tesla. By upending a crucial
maximized if a stock's future price can be accurately industry, the business hopes to profoundly alter the course
predicted. The stock market's issue is that it occasionally of human history. Elon Musk became one of the most
displays an erratic pattern that could result in a crash. prominent CEOs in the world thanks to Tesla, which also
Stock price predictions frequently involve machine made a lot of money for its investors. Market investors,
learning techniques. We employ a variety of machine however, are understandably pessimistic about how high the
learning techniques, both supervised and unsupervised, Tesla stock may rise. Tesla just released their Q3 2020
to inform investors of stock price increases and manufacturing and delivery figures. Despite having
decreases. Data acquisition, dataset preprocessing, delivered 241,000 vehicles, the firm only produced 237,000.
feature extraction, feature-based stock price prediction, With these figures, it is very nearly producing 1 million
and result presentation were the five stages of the units annually. While the international market leader
process. Data is initially gathered from various social Volkswagen group produces 9.3 million vehicles annually,
media platforms and historical company information. domestic brands like Ford produce over 4 million.
Pre-processing is the second phase, where incorrect,
duplicate, and dirt data are removed. In the third phase,
data sets are reduced and meaningful data are chosen. In
the fourth phase, predictions are made utilizing various
machine learning methods, including supervised and
unsupervised learning techniques. Now, various methods
are used in the final phase to determine correctness.
I. INTRODUCTION
Fig 1 Introduction to TESLA
Tesla Inc., an American automaker, was established in
2003. It is one of the businesses that produced electric II. TECHNOLOGY USED
vehicles at a level that allowed for their availability on the
consumer market[Fig:1]. The stock price of Tesla began to Machine Learning:
decline in the beginning of 2019. This instilled dread in Computers can learn intuitively thanks to the scientific
Tesla owners, and the majority of them began selling their field of machine learning. Machine learning has emerged as
cars. The used automobile market has seen a significant one of the most fascinating technologies ever. The moniker
spike in demand for Tesla vehicles. However, the cost of a signifies that the computer becomes more human-like
Tesla vehicle was heavily influenced by its stock price, through its capacity to learn. There may be a lot more
which had an impact on the market for used Tesla cars. locations than one might assume where machine learning is
Tesla automobiles heavily rely on the post-sale services that currently being actively deployed.
Generated Models: A model can produce more data III. ALGORITHM USED
once it has captured the probability distribution of your
input data.This can help to strengthen your classifier greatly. Linear Regression:
The term "linear regression" refers to a machine
Unsupervised learning may have the simple objective learning algorithm based on supervised learning. Regression
of finding hidden patterns in a dataset, but it may also have processing is carried out. To model a goal prediction value,
the objective of feature learning, which enables the regression uses independent variables. The main purpose of
computing device to automatically find the representations it is to establish the relationships between variables and
required to categorise the raw data. forecasts. The amount of independent variables that a
regression model uses and the sort of relationship that it
Approaches considers between the dependent and independent variables
Understanding and utilising machine learning are two factors that make a regression model different
algorithms requires a background in statistics because [Fig:2].
computational statistics and machine learning are closely
related fields. By employing an independent variable as a basis,
linear regression is used to forecast the value of a dependent
CSS separates the document content from document variable (y) (x). This regression method therefore discovers
presentation. There are three types of CSS. They are Inline a linear relationship between x (the input) and y (the output)
CSS, Internal CSS and external CSS. (output). Linear regression was thus first used.
Product Charactersistics:
Usability:
This refers to how easy it is for any type of stock
trader and other stock market participants to understand the
user interface of stock prediction software.
Efficiency:
Keeping the closing stock prices as accurate as
possible while using the least amount of time and data
possible.
Kaggle Datasets:
One of the top places to find datasets for data scientists
and machine learners is Kaggle. It makes it simple for users
to locate, download, and publish datasets. Additionally, it
offers the chance to collaborate with other machine learning
professionals and complete challenging Data Science-related
tasks.
In organisational theory and software engineering, a It appears that Tesla's stock prices will decline soon if
structure chart is a diagram that depicts the breakdown of a they don't come up with a new strategy for communicating
system to its most controllable components. The way a their goal. Given that other companies have begun making
system is utilised, how it communicates with other systems, electric cars at significantly lower prices than Tesla, this
and how it interacts with the outside world are all reflected may be viable.
in its design. It specifies how one component of the system
connects to the others and how data is transferred between A successful future price prediction for a stock will
them. Each module is symbolised by a box that carries its maximise profits for investors.
name. A system's architecture reveals how it is
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