Comparative Analysis of LSTM, GRU, and Transformer Models for Stock Price Prediction

In recent fast-paced financial markets, investors constantly seek ways to gain an edge and make informed decisions. Although achieving perfect accuracy in stock price predictions remains elusive, artificial intelligence (AI) advancements have significantly enhanced our ability to analyze historical data and identify potential trends. This paper takes AI-driven stock price trend prediction as the core research, makes a model training data set of famous Tesla cars from 2015 to 2024, and compares LSTM, GRU, and Transformer Models. The analysis is more consistent with the model of stock trend prediction, and the experimental results show that the accuracy of the LSTM model is 94%. These methods ultimately allow investors to make more informed decisions and gain a clearer insight into market behaviours.

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Publication Details

Published
2024-08-23
DOI
https://doi.org/10.1145/3700058.3700075
Citations
22
Primary Topic
Stock Market Forecasting Methods
Type
article
Field-Weighted Citation Impact
10.79
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article

Comparative Analysis of LSTM, GRU, and Transformer Models for Stock Price Prediction

Tingting Deng, Shuochen Bi, Jue Xiao
22 citations
Stock Market Forecasting Methods
10.79
article

Comparative Analysis of LSTM, GRU, and Transformer Models for Stock Price Prediction

Tingting Deng, Shuochen Bi, Jue Xiao
article en
22 citations

Abstract

In recent fast-paced financial markets, investors constantly seek ways to gain an edge and make informed decisions. Although achieving perfect accuracy in stock price predictions remains elusive, artificial intelligence (AI) advancements have significantly enhanced our ability to analyze historical data and identify potential trends. This paper takes AI-driven stock price trend prediction as the core research, makes a model training data set of famous Tesla cars from 2015 to 2024, and compares LSTM, GRU, and Transformer Models. The analysis is more consistent with the model of stock trend prediction, and the experimental results show that the accuracy of the LSTM model is 94%. These methods ultimately allow investors to make more informed decisions and gain a clearer insight into market behaviours.

Boston University (US), Northeastern University (US), University of Connecticut (US), University of Rochester (US)
Openalex Percentile: Top 1%
Stock Market Forecasting Methods
10.79
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