Bibliographic record
Abstract
In today’s global economy, accuracy in forecasting currency exchange rates is of much importance to any future investment. Currency exchange rates portray non-linear and non-stationary characteristics hence to address these characteristics; this paper proposes a hybrid forecasting model using the Empirical Mode Decomposition (EMD) technique, and the ARIMA model. EMD is used to decompose the raw currency exchange rate data into several intrinsic mode functions and one residual. The process of extracting the IMFs from the data is called the sifting process. EMD was used to detect the moving trend of currency exchange rate data and improve the forecasting success of the ARIMA model. The data were obtained from the Central Bank of Kenya website between the periods January 2005 to May 2017. The best ARIMA model fitted to the raw data before decomposition based on information criterion statistics was found to be ARIMA (1,0,3) for the KShs/AE. Dirham, ARIMA (1,0,1) for KShs/Australian dollar and ARIMA (1,0,3) for KShs/Canadian dollar currency exchange rates. After forecasting, we then compared the forecasted values with the actual data to check the suitability of the ARIMA model. Further, EMD was applied to the exchange rate data and then fitted an ARIMA model to the IMFs. The best model was found to be ARIMA (1,0,1) for the KShs/AE. Dirham, ARIMA (0,0,1) for KShs/Australian dollar and ARIMA (1,0,1) for KShs/Canadian dollar currency exchange rates. The appropriateness of these models was tested using the Ljung-Box test. The forecasting performance of each model was evaluated using the RMSE.
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How this classification was reachedexpand
Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.013 | 0.005 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.002 | 0.001 |
| Science and technology studies | 0.000 | 0.001 |
| Scholarly communication | 0.001 | 0.001 |
| Open science | 0.002 | 0.001 |
| Research integrity | 0.000 | 0.000 |
| Insufficient payload (model declined to judge) | 0.000 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one teacher head, not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".