crypto price forecaster

Inspiration

I wanted to code something that would be useful for an average investor so that they can invest in a more informed manner rather than investing somewhat blindly.

What it does

My script forecast where the price of litecoin is most likely going to be , it also provides where it will be given +- 1 SD of the data which which creates a region between the forcasted line and standard deviation line in my figure that an investor will want to keep note of to minimize loss /maximize gain.

How we built it

I used online resources provided by MATLAB and took a litecoin .csv file with data from 2013-2021

Challenges we ran into

I was not able to upload the .csv file to MATLAB ThingSpeak which is where someone can upload a database and pull data from it as they need for their scripts, so I had to resort to making .txt files for the data of interest and analyzing it from there.

Accomplishments that we're proud of

Im very proud of how my model was able to accurately predict where the price of litecoin would be from June 2021 up through august 2021. It stayed in the region between forecasted and +1SD.

What we learned

I learned how to use an autoregressive model through MATLAB and how these models can be used for so much more other than price forecasting.

What's next for crypto price forecaster

I want the script to take in more variables and create a forecasted line which more closely predicts the actual behavior of the price rather than a line that remains flat after some days, this also applies to the +-1SD lines in my figure.

Built With

• matlab