Gold Price Forecasting Using Machine Learning Techniques
摘要
This project aims to create an advanced machine learning system for accurate gold price prediction in response to the growing importance of gold prices in reflecting sentiment in the global economy and helping informed decision-making in international trade. By utilizing state-of-the-art machine learning techniques such as random forest regression, decision trees, and support vector machines in addition to large historical datasets of market indices and related commodities, the project seeks to identify complex patterns and trends influencing the dynamics of gold prices. From a methodological standpoint, the research focuses on optimizing both predictive accuracy and generalizability through extensive data preprocessing, exploratory analysis, and model training. Essential metrics like the root mean square error (RMSE) and R2 score are used in performance evaluation. The results show how well the random forest regression model outperforms the other two techniques with an R2 score of 0.990 and a low RMSE, demonstrating remarkable accuracy and reliability. The project’s goal is to provide organizations with practical insights for proactive risk management and well-informed decision-making in the dynamic world of international commerce and finance by combining state-of-the-art technology with empirical research.