IAES International Journal of Artificial Intelligence (IJ-AI)
Vol 14, No 2: April 2025

A comparative analysis of exponential smoothing method and deep learning models for bitcoin price prediction

Tripathy, Nrusingha (Unknown)
Mishra, Debahuti (Unknown)
Hota, Sarbeswara (Unknown)
Priyadarshani Behera, Mandakini (Unknown)
Chandra Das, Gobinda (Unknown)
Sekhar Dalai, Sasanka (Unknown)
Nayak, Subrat Kumar (Unknown)



Article Info

Publish Date
01 Apr 2025

Abstract

Blockchain technology is the foundation of cryptocurrencies, which are virtual currencies. The decentralized nature of cryptocurrencies has resulted in a significant reduction of central authority over them, which has implications for global trade and relations. The need for an effective model to anticipate the price of cryptocurrencies is essential due to their wide variations in value. Due to the shortcomings of conventional production forecasting, in this work, four distinct models were used. The deep learning models are the long short-term memory (LSTM) and bidirectional long short-term memory (Bi-LSTM), and both the Facebook-Prophet and Silverkite support the exponential smoothing technique. Silverkite is designed to handle a wide range of time series forecasting tasks. Considering past bitcoin information from January 2012 to March 2021, a period of nine years, we looked at the models. The Bi-LSTM model yields a 7.073 mean absolute error (MAE) and a 3.639 root mean squared error (RMSE). The Bi-LSTM model identifies the deviations that might draw attention and avert any problems.

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Journal Info

Abbrev

IJAI

Publisher

Subject

Computer Science & IT Engineering

Description

IAES International Journal of Artificial Intelligence (IJ-AI) publishes articles in the field of artificial intelligence (AI). The scope covers all artificial intelligence area and its application in the following topics: neural networks; fuzzy logic; simulated biological evolution algorithms (like ...