Predicting NVIDIA's Next-Day Stock Price: A Comparative Analysis of LSTM, MLP, ARIMA, and ARIMA-GARCH Models
arXiv:2405.08284v117 citationsh-index: 2
Originality Synthesis-oriented
AI Analysis
This is an incremental study applying existing methods to a new dataset (NVIDIA stock) for investors and traders.
The paper tackled the problem of forecasting NVIDIA's next-day stock price by comparing LSTM, MLP, ARIMA, and ARIMA-GARCH models, but the abstract does not provide concrete results or numbers.
Forecasting stock prices remains a considerable challenge in financial markets, bearing significant implications for investors, traders, and financial institutions. Amid the ongoing AI revolution, NVIDIA has emerged as a key player driving innovation across various sectors. Given its prominence, we chose NVIDIA as the subject of our study.