Linkage Analysis Between Bitcoin and Nasdaq Index Based on ARIMAX Model
Authors
Ruixin Hu1, Xuecheng Wang1, *
1School of Economics and Management, North China University of Technology, Beijing, China
*Corresponding author.
Email: wxc@outlook.com
Corresponding Author
Xuecheng Wang
Available Online 27 December 2022.
- DOI
- 10.2991/978-94-6463-044-2_113How to use a DOI?
- Keywords
- ARIMAX model; Bitcoin; Financial data; forecast
- Abstract
Bitcoin is currently the most widely used encryption currency in the world, and the Nasdaq Index, as the world's first stock market to use electronic trading, has a certain impact on the price of Bitcoin. Based on the Bitcoin closing price and Nasdaq index data from January 2020 to May 2022, this paper predicts the price of Bitcoin by using ARIMA and ARIMAX models respectively. The linkage was confirmed by the correlation test, and the fitting and prediction effect of the ARIMAX model with the Nasdaq index as the input variable were better than the ARIMA model.
- Copyright
- © 2022 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Ruixin Hu AU - Xuecheng Wang PY - 2022 DA - 2022/12/27 TI - Linkage Analysis Between Bitcoin and Nasdaq Index Based on ARIMAX Model BT - Proceedings of the 2022 3rd International Conference on Modern Education and Information Management (ICMEIM 2022) PB - Atlantis Press SP - 905 EP - 912 SN - 2667-128X UR - https://doi.org/10.2991/978-94-6463-044-2_113 DO - 10.2991/978-94-6463-044-2_113 ID - Hu2022 ER -