Evaluating Regression and Ensemble Models for Financial Forecasting: The Case of Apple Stock

This paper investigates the performance of a variety of machine learning models for Apple stock price prediction, covering linear regression, ridge regression, Lasso regression, SVM, weighted average, stacked model, and random forest methods. The dataset contains daily closing prices of Apple stock for the period from 2010 to 2024, using data from the first 13 years for model training and data from the last year for testing. The study results show that after many times of parameters tuning and testing, all models except Random Forest exhibit good prediction results, with simple models such as linear regression and ridge regression performing particularly well with fewer features, while the Random Forest model exhibits severe overfitting/underfitting problems. This study provides an empirical reference for the application of machine learning in financial time series forecasting, which can help to improve financial forecasting ability and investment decision-making in the future.

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Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2024-10-01
DOI
https://doi.org/10.5281/zenodo.13821480
Primary Topic
TGF-β signaling in diseases
Type
article
Field-Weighted Citation Impact
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article

Evaluating Regression and Ensemble Models for Financial Forecasting: The Case of Apple Stock

Zenodo (CERN European Organization for Nuclear Research)
TGF-β signaling in diseases
article

Evaluating Regression and Ensemble Models for Financial Forecasting: The Case of Apple Stock

article en

Abstract

This paper investigates the performance of a variety of machine learning models for Apple stock price prediction, covering linear regression, ridge regression, Lasso regression, SVM, weighted average, stacked model, and random forest methods. The dataset contains daily closing prices of Apple stock for the period from 2010 to 2024, using data from the first 13 years for model training and data from the last year for testing. The study results show that after many times of parameters tuning and testing, all models except Random Forest exhibit good prediction results, with simple models such as linear regression and ridge regression performing particularly well with fewer features, while the Random Forest model exhibits severe overfitting/underfitting problems. This study provides an empirical reference for the application of machine learning in financial time series forecasting, which can help to improve financial forecasting ability and investment decision-making in the future.

Zenodo (CERN European Organization for Nuclear Research)
Belarusian State University (BY)
Peace, Justice and strong institutions
Openalex Percentile: Top 64%
TGF-β signaling in diseases
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Evaluating Regression and Ensemble Models for Financial Forecasting: The Case of Apple Stock · Zenodo (CERN European Organization for Nuclear Research) (2024) | TGRS Research Map | TGRS