The Society of American Magicians
Most exchange rates are volatile and mainly rely on the principle of supply and demand. Millions of people around the world are influenced, one way or another, by the variation in exchange rates. In this paper, the authors demonstrate that the artificial intelligence, specifically Artificial Neural Networks (ANNs), can improve the accuracy of forecasting exchange rates compared to statistical techniques such as regression. When they compared the results from regression and artificial neural network, it was clear that the ANN outperformed regression in forecasting exchange rates.