Bitcoin Prediction Based on OSL-SCN and Conformal Prediction Method

Bitcoin, as the most widely recognized cryptocurrency, has attracted significant global attention from businesses, consumers, and investors. This study introduces a hybrid model that integrates an online self-learning stochastic configuration network (OSL-SCN) with conformal prediction. The model autonomously adjusts its parameters in response to real-time data.Predictions from the OSL-SCN are refined through conformal prediction, which generates confidence intervals to enhance reliability. The results, using historical Bitcoin prices from Wikipedia, demonstrate that the combined approach enhances both prediction accuracy and reliability.

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Published
2024-12-13
DOI
https://doi.org/10.1109/icftic64248.2024.10913417
Citations
1
Primary Topic
Traffic Prediction and Management Techniques
Type
article
Field-Weighted Citation Impact
0.27
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article

Bitcoin Prediction Based on OSL-SCN and Conformal Prediction Method

Kaimeng Li, Xiangyu Zhang, Wenjing Wang
1 citations
Traffic Prediction and Management Techniques
0.27
article

Bitcoin Prediction Based on OSL-SCN and Conformal Prediction Method

Kaimeng Li, Xiangyu Zhang, Wenjing Wang
article en
1 citations

Abstract

Bitcoin, as the most widely recognized cryptocurrency, has attracted significant global attention from businesses, consumers, and investors. This study introduces a hybrid model that integrates an online self-learning stochastic configuration network (OSL-SCN) with conformal prediction. The model autonomously adjusts its parameters in response to real-time data.Predictions from the OSL-SCN are refined through conformal prediction, which generates confidence intervals to enhance reliability. The results, using historical Bitcoin prices from Wikipedia, demonstrate that the combined approach enhances both prediction accuracy and reliability.

Linyi University (CN)
Openalex Percentile: Top 39%
Traffic Prediction and Management Techniques
0.27
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