Thesis Abstract

Abstract
This thesis explores the Applications of Machine Learning in Forecasting Stock Prices. The stock market is a complex and dynamic environment influenced by various factors, making accurate stock price forecasting a challenging task. Machine learning techniques have gained popularity in recent years for their ability to analyze large volumes of data and identify patterns that can be used to predict future stock prices. The introduction provides an overview of the research topic and outlines the importance of accurate stock price forecasting for investors and financial institutions. The background of the study discusses the evolution of machine learning in finance and highlights previous research in stock price prediction using machine learning algorithms. The problem statement identifies the limitations of traditional forecasting methods and the need for more sophisticated techniques to improve prediction accuracy. The objectives of the study are to evaluate the performance of machine learning algorithms in stock price forecasting, compare the results with traditional methods, and identify the most effective techniques for predicting stock prices. The study also considers the limitations and scope of applying machine learning in stock price prediction, as well as the significance of the research findings for investors and financial analysts. The literature review provides an in-depth analysis of previous studies on stock price forecasting using machine learning techniques. Ten key themes are identified, including data preprocessing, feature selection, model selection, and evaluation metrics. The review highlights the strengths and weaknesses of different machine learning algorithms and discusses their applicability in stock price prediction. The research methodology section describes the data sources, preprocessing steps, feature engineering techniques, and model selection criteria used in the study. Eight components are outlined, including data collection methods, feature extraction processes, model training procedures, and performance evaluation metrics. The section also discusses the experimental design and validation techniques employed to assess the predictive accuracy of machine learning models. The discussion of findings chapter presents the results of the empirical analysis, comparing the performance of different machine learning algorithms in forecasting stock prices. The chapter evaluates the predictive accuracy, robustness, and computational efficiency of each model, highlighting the strengths and limitations of the techniques used. Finally, the conclusion and summary chapter summarizes the key findings of the study and discusses their implications for stock price forecasting. The chapter also highlights the contributions of the research to the field of finance and suggests avenues for future research in applying machine learning to predict stock prices. Overall, this thesis contributes to the growing body of literature on machine learning applications in finance and provides valuable insights into the effectiveness of these techniques for forecasting stock prices. The research findings have practical implications for investors, financial analysts, and policymakers seeking to improve their decision-making processes in the stock market.

Thesis Overview