On the Design and Development of a Novel Real-Time Transaction Price Estimation System

Chi-Hua Chen*, Szu-Yin Lin, Hsu-Chia Chang, Chi-Chun Lo

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

3 Scopus citations

Abstract

In global open economy, transaction price estimation is an important issue in finance under stock price fluctuation. However, the transaction price is depend on the investors' expect price which is difficult to be captured in used and implemented models for transaction price estimation. Therefore, this paper proposes the Transaction Price Estimation Model (TPEM) and designs a novel Real-time Transaction Price Estimation System (RTPES) which adopts the TPEM based on the efficient market hypothesis to estimate the investors' expect price. In experiments, the simulation results show that the average accuracy of TPEM is 99.37%. This approach is feasible for stock investment decision-making.
Original languageEnglish
Title of host publicationBIOTECHNOLOGY, CHEMICAL AND MATERIALS ENGINEERING, PTS 1-3
Pages393-395
DOIs
StatePublished - 2012
EventInternational Conference on Biotechnology, Chemical and Materials Engineering (CBCME 2011) - Kunming, China
Duration: 28 Dec 201129 Dec 2011

Publication series

NameBIOTECHNOLOGY, CHEMICAL AND MATERIALS ENGINEERING, PTS 1-3
ISSN (Print)1022-6680

Conference

ConferenceInternational Conference on Biotechnology, Chemical and Materials Engineering (CBCME 2011)
CountryChina
CityKunming
Period28/12/1129/12/11

Keywords

  • Stock market; Stock price; Transaction price estimation system

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