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💡[Feature]: Add Foreign Exchange Rate Prediction #778

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pavitraag opened this issue Jul 17, 2024 · 2 comments · Fixed by #848
Closed
4 tasks done

💡[Feature]: Add Foreign Exchange Rate Prediction #778

pavitraag opened this issue Jul 17, 2024 · 2 comments · Fixed by #848
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enhancement New feature or request gssoc level1

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@pavitraag
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pavitraag commented Jul 17, 2024

Is there an existing issue for this?

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Feature Description

Integrate a Foreign Exchange (Forex) Rate Prediction model into the project. This feature should include various machine learning and deep learning algorithms, such as LSTM, and Random Forest, to analyze historical exchange rate data and predict future trends. The system should support data preprocessing, feature engineering, model training, validation, and deployment. Users should be able to input historical Forex data, select prediction horizons, and visualize the predicted exchange rates.

Use Case

In real-life applications, the Foreign Exchange Rate Prediction model can significantly benefit financial institutions, traders, and businesses engaged in international trade. Accurate predictions of Forex rates enable traders to make informed decisions, reducing risks and maximizing profits. For financial institutions, such predictions can aid in managing foreign currency reserves and optimizing transaction costs. Businesses involved in import/export activities can use the predictions to plan better and hedge against currency risks, ensuring more stable financial operations. Integrating this feature allows users to leverage advanced predictive analytics, enhancing decision-making and strategic planning in the volatile Forex market.

Priority

High

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  • I have read the Contributing Guidelines
  • I'm a GSSOC'24 contributor
  • I want to work on this issue
@pavitraag pavitraag added the enhancement New feature or request label Jul 17, 2024
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Thank you for creating this issue! 🎉 We'll look into it as soon as possible. In the meantime, please make sure to provide all the necessary details and context. If you have any questions reach out to LinkedIn. Your contributions are highly appreciated! 😊

Note: This repo is for beginners to learn and start with Opensource we won't accept more than 10 issues from a single person, This restriction applies to Gssoc project which has a similar kind of adding folder files, Points will be reduced when we find Spam.

I Maintain the repo issue twice a day, or ideally 1 day, If your issue goes stale for more than one day you can tag and comment on this same issue.

You can also check our CONTRIBUTING.md for guidelines on contributing to this project.

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Hello @pavitraag! Your issue #778 has been closed. Thank you for your contribution!

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enhancement New feature or request gssoc level1
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