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Journal : Computer Science and Information Technologies

Implementing lee's model to apply fuzzy time series in forecasting bitcoin price Farida, Yuniar; Ainiyah, Lailatul
Computer Science and Information Technologies Vol 5, No 1: March 2024
Publisher : Institute of Advanced Engineering and Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.11591/csit.v5i1.p72-83

Abstract

Over time, cryptocurrencies like Bitcoin have attracted investor's and speculators' interest. Bitcoin's dramatic rise in value in recent years has caught the attention of many who see it as a promising investment asset. After all, Bitcoin investment is inseparable from Bitcoin price volatility that investors must mitigate. This research aims to use Lee's Fuzzy Time Series approach to forecast the price of Bitcoin. A time series analysis method called Lee's Fuzzy Time Series to get around ambiguity and uncertainty in time series data. Ching-Cheng Lee first introduced this approach in his research on time series prediction. This method is a development of several previous fuzzy time series (FTS) models, namely Song and Chissom and Cheng and Chen. According to most previous studies, Lee's model was stated to be able to convey more precise forecasting results than the classic model from the FTS. This study used first and second orders, where researchers obtained error values from the first order of 5.419% and the second order of 4.042%, which means that the forecasting results are excellent. But of both orders, only the first order can be used to predict the next period's Bitcoin price. In the second order, the resulting relations in the next period do not have groups in their fuzzy logical relationship group (FLRG), so they can not predict the price in the next period. This study contributes to considering investors and the general public as a factor in keeping, selling, or purchasing cryptocurrencies.
Co-Authors Abdul Muhid Abdulloh Hamid Achmad Teguh Wibowo Adam Fahmi Khariri Afanin Hamidah Ahmad Hanif Asyhar Ahmad Teguh Wibowo Ahmad Zaenal Arifin Ainiyah, Lailatul Akbar, Fadilah Ambadar, Panreshma Rizkha Aris Fanani Auditiyah, Cellyn Desinaini, Latifatun Nadya Diah Ayu Sulistiani Dian C Rini Dian C. Rini Novitasari Dian Yuliati Dwi Puspitasari Efendi, Havid FAJAR SETIAWAN Fanani, Aris Farmita, Mayandah Ferdani, Ayu Fifi D. Rosalina Galuh Andriani Ghina Salsabila Firdaus Hani Khaulasari Husna Nur Laili Ida Purwanti Khasanah, Zhara Shafira Uswatun Latifatun Nadya Desinaini Latifatun Nadya Desinaini Lubab, Ahmad Luluk Mahfiroh LULUK WULANDARI Lutfi Hakim M Mahaputra Hidayat Mahfiroh, Luluk Maulida, Eka Agustina Mayandah Farmita Moh. Hafiyusholeh Moh. Hartono Monike Febriyani Faris Montolalu, Billy Nadiyah, Fithrotun Nanda, Nafa Nur Adifia Novitasari, Dian C Rini Nurfadila, Monika Refiana Nurissaidah Ulinnuha Pramesti, Diah Devi pratiwi, Yuniar Ines Purwanti, Ida Putra Prima Arhandi, Putra Prima Putri Krismadewi Putroue Keumala Intan Saidah, Nayla Fitriyatus Saputra, Yahya Vigo Tri Sari, Dian Candra Rini Novita Sari, Ghaluh Indah Permata Sari, Silvia Kartika Silvia Kartika Sari Silvia Kartika Sari Silvia Kartika Sari Siti Nur Aisah Swantika, Cicik Tiarra Dellaviyanie Muryanto Tiasti, Roro Niken Enggar Utami, Tri Mar'ati Nur Vianti, Febi Wika Dianita Utami Wika Dianita Utami Yayan Luthfi Khoirina Yuliati, Dian Yusi, Suyesti Zaen, Nanida Jenahara Zaidatun Ni'mah Zainullah Zuhri