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Bitcoin Price Forecasting

TABLE 15.1

Improvement of Accuracy and Efficiency over Actual and RNN with LSTM and RNN with ARIMA for the Year 2016

Date

Actual

(in USD)

RNN+LSTM

(in USD)

RNN+ARIMA

(in USD)

Difference

(RNN+LSTM)

Difference

(RNN+ARIMA)

Efficiency

(RNN+LSTM)

Efficiency

(RNN+ARIMA)

30 Aug 2016

577.61

552.7314

583.5809

−24.8786

5.9709

95.69283773

98.97685137

15 Sep 2016

612.5537

587.3198

620.2215

−25.2339

7.6678

95.88054076

98.76369974

30 Sep 2016

607.4874

581.3899

614.6232

−26.0975

7.1358

95.70402612

98.83899599

15 Oct 2016

643.3345

611.9614

644.8116

−31.3731

1.4771

95.12336118

99.77092534

30 Oct 2016

701.7091

679.363

711.9496

−22.3461

10.2405

96.81547524

98.56162571

15 Nov 2016

712.497

671.8914

707.6179

−40.6056

−4.8791

94.30094443

99.6895105

30 Nov 2016

739.2463

701.3987

737.1479

−37.8476

−2.0984

94.88024492

99.2846647

15 Dec 2016

779.2243

745.2243

783.7993

−34

4.575

95.63668638

99.41630466

30 Dec 2016

952.4766

929.1219

965.9671

−23.3547

13.4905

97.54800275

98.60342034