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  • articleNo Access

    Multi-Scale Volatility Feature Analysis and Prediction of Gold Price

    Volatility of gold price is of great significance for avoiding the risk of gold investment. It is necessary to understand the effect of external events and intrinsic regularities to make accurate price predictions. This paper first compared EMD with CEEMD algorithm, and the results find that CEEMD algorithm performance is better than that of EMD in analysis gold price volatility. Then this paper uses the complementary ensemble empirical mode decomposition (CEEMD) to decompose the historical price of international gold into price components at different frequencies, and extracts a short-term fluctuation, a shock from significant events and a long-term price. In addition, this paper combines the Iterative cumulative sum of squares (ICSS) with Chow test to test the three event prices for structural breaks, and analyzes the effect of external events on volatility of gold price by comparing the external events with the test results for structural breaks. Finally, this paper constructs support vector machine (SVM) models and artificial neural network (ANN) on three series for prediction, and finds that the SVM performed better in gold price prediction in one-step-ahead and five-step-ahead, and when we combine the SVMs and ANNs with price components to make predictions, the error of the combined prediction is smaller than SVMs and ANNs with separate terms of series extracted.

  • articleNo Access

    Effect of Social Media Interactions on CLV in Telecommunications

    The main goal of this study is to investigate whether social media, as a recent communication channel, has an impact on customer lifetime value (CLV). No studies have been done in Turkey with similar purposes in the telecommunication sector. To reach this goal, there has been an attempt to develop both artificial neural network models and sector-specific applicable models. Four years of data between 2011 and 2014 belonging to customers in the telecommunication sector who have a Twitter account are used in this study. The CLV is modeled through radial basis function (RBF), multilayer perceptron (MLP), and Elman neural network approaches, and the performance of such models is compared. According to the findings, calculated CLV error values are at an acceptable range in all formed models. Additionally, it is determined that the CLV was calculated with a lower error value in models where social media variables were used. The Elman neural network is determined to perform better compared to RBF and MLP.