Price Forecasting using Artificial Neural Network

Abstract

Artificial Intelligence, the oldest and best known research area which has the goal of creating intelligent systems, is revolutionizing every field. It is the key technology in many of today's applications. There are a lot of intelligent techniques which have different functions in real life. One of the main functions of these techniques is prediction. In this paper we see some of the artificial intelligence based methods which are adequate for prediction. One of them is neural network. It can be used for prediction with various levels of success. It is able to predict various types of data based on automatic learning of dependencies only from measured data without any further information. It is important to know how and when they are well suited for the problem. So we will take a look to this concept and we will concretize it with a real-life application. This application consists in a neural network used to predict prices of a market in our city. It shows one possible approach how one of the intelligent technique can be used for this kind of prediction.