26 Oct '14, 1pm

New Massachusetts Institute of Technology algorithm can predict price of Bitcoin

New Massachusetts Institute of Technology algorithm can predict price of Bitcoin

MIT scientists led by an Indian-origin researcher have developed a machine-learning algorithm that can predict the price of the notoriously volatile cryptocurrency Bitcoin. Researchers at Massachusetts Institute of Technology's Computer Science and Artificial Intelligence Laboratory and the Laboratory for Information and Decision Systems used the algorithm to nearly double their investment over a period of 50 days. For the study, principal investigator Devavrat Shah and recent graduate Kang Zhang collected price data from all major Bitcoin exchanges earlier this year, every second for five months, accumulating more than 200 million data points. Using a technique called "Bayesian regression," they trained an algorithm to automatically identify patterns from the data, which they used to predict prices, and trade accordingly. Specifically, every two seconds they predicted the...

Full article: http://www.ndtv.com/article/diaspora/new-massachusetts-in...

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MIT team led by Indian-origin researcher develop algorithm to predict price of Bitcoin

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MIT scientists led by an Indian-origin researcher have developed a machine-learning algorithm that can predict the price o...

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Computer scientists use algorithm to predict Bitcoin prices

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computerweekly.com 24 Oct '14, 4pm

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MIT computer scientists can predict the price o...

newsoffice.mit.edu 24 Oct '14, 9am

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Scientists have crunched data to predict crime, hospital visits, and government uprisings — so why not the price of Bitcoi...

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Five Million Dollar Homes Available for Bitcoin...

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Google's DMCA Piracy Algorithm Went Live Last Week

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Remember we reported that during all the Penguin and Panda madness, Google said they will be pushing out a DMCA Algorithm ...

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