Research Objective
To test and compare machine learning models for stock market prediction using an
experimental methodology.
Python Programming Language
Why we are using the tool:
Python is selected because it is a widely used language for financial analytics and
machine learning. It provides an extensive library ecosystem and robust computational
abilities suitable for data analysis and model implementation.
What is the benefit of using it:
Python facilitates rapid prototyping, flexible model development, and integration with
various machine learning libraries. Its use helps achieve precise and scalable stock
prediction models.
Pandas and NumPy
Why we are using the tool:
Pandas and NumPy are used for data preprocessing, which includes handling missing
values, normalizing data, and structuring datasets.
What is the benefit of using it:
These libraries offer efficient data manipulation and mathematical operations, which are
essential for handling large datasets and performing complex data transformations
required for predictive modeling.
Scikit-learn, TensorFlow, and XGBoost
Why we are using the tool:
These are machine learning libraries used for training and evaluating models. They are
particularly useful for handling the complexities of financial data and ensuring high
accuracy in predictions.
What is the benefit of using it:
These libraries provide powerful tools for building accurate models, ensuring the
robustness and scalability of machine learning applications in predicting stock prices.
Jupyter Notebook
Why we are using the tool:
Jupyter Notebook serves as the development environment for writing, testing, and
visualizing code.
What is the benefit of using it:
It enables an interactive workflow where data analysis, model implementation, and
visualization can occur in one place. It is ideal for iterative development and testing of
machine learning models.
Nasdaq API and Yahoo Finance
Why we are using the tool: These APIs are used for real-time data integration to fetch
both historical and live stock market data.
What is the benefit of using it: Real-time data is essential for ensuring the models
remain adaptable to current market conditions, allowing for more accurate and timely
predictions.
Google Colab
Why we are using the tool:
Google Colab is used for cloud-based execution of computationally intensive tasks.
What is the benefit of using it:
Colab provides high computational power without the need for local resources, which
accelerates model training and testing, making it ideal for handling large datasets in
financial analysis.