Proceedings of the 2022 3rd International Conference on Modern Education and Information Management (ICMEIM 2022)

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Linkage Analysis Between Bitcoin and Nasdaq Index Based on ARIMAX Model

Authors
Ruixin Hu1, Xuecheng Wang1, *
1School of Economics and Management, North China University of Technology, Beijing, China
*Corresponding author. Email: wxc@outlook.com
Corresponding Author
Xuecheng Wang
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-044-2_113How to use a DOI?
Keywords
ARIMAX model; Bitcoin; Financial data; forecast
Abstract

Bitcoin is currently the most widely used encryption currency in the world, and the Nasdaq Index, as the world's first stock market to use electronic trading, has a certain impact on the price of Bitcoin. Based on the Bitcoin closing price and Nasdaq index data from January 2020 to May 2022, this paper predicts the price of Bitcoin by using ARIMA and ARIMAX models respectively. The linkage was confirmed by the correlation test, and the fitting and prediction effect of the ARIMAX model with the Nasdaq index as the input variable were better than the ARIMA model.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 3rd International Conference on Modern Education and Information Management (ICMEIM 2022)
Series
Atlantis Highlights in Social Sciences, Education and Humanities
Publication Date
27 December 2022
ISBN
978-94-6463-044-2
ISSN
2667-128X
DOI
10.2991/978-94-6463-044-2_113How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ruixin Hu
AU  - Xuecheng Wang
PY  - 2022
DA  - 2022/12/27
TI  - Linkage Analysis Between Bitcoin and Nasdaq Index Based on ARIMAX Model
BT  - Proceedings of the 2022 3rd International Conference on Modern Education and Information Management (ICMEIM 2022)
PB  - Atlantis Press
SP  - 905
EP  - 912
SN  - 2667-128X
UR  - https://doi.org/10.2991/978-94-6463-044-2_113
DO  - 10.2991/978-94-6463-044-2_113
ID  - Hu2022
ER  -