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Time Series Forecasting of Gold Prices

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Emerging Trends in Expert Applications and Security

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 841))

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Abstract

Data mining is a computing process, for extracting useful information from huge data sets. Using the extracted information, powerful insights such as predictive capabilities and patterns can be acquired. This process of extracting insights from data is also known as KDD (knowledge discovery and data mining). In this paper, time series prediction of gold prices in India is done to predict the price in INR, for gold for the year 2018 up to 31 October 2018. This research paper has used data set for the gold type: MCX Gold, from Quandl. The tool used for modelling this design is RapidMiner, to predict the time series data. This research work has been conducted to predict the price of gold in INR for the year 2018.

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Correspondence to Shweta Bhardwaj .

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Khan, S., Bhardwaj, S. (2019). Time Series Forecasting of Gold Prices. In: Rathore, V., Worring, M., Mishra, D., Joshi, A., Maheshwari, S. (eds) Emerging Trends in Expert Applications and Security. Advances in Intelligent Systems and Computing, vol 841. Springer, Singapore. https://doi.org/10.1007/978-981-13-2285-3_8

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