This paper is published in Volume-6, Issue-2, 2020
Area
Statistics
Author
Tanmay Gupta
Org/Univ
SVKM's Narsee Monjee Institute of Management Studies, Mumbai, Maharashtra, India
Pub. Date
05 March, 2020
Paper ID
V6I2-1159
Publisher
Keywords
Bitcoin

Citationsacebook

IEEE
Tanmay Gupta. Bitcoin Prices (Statistical Analysis), International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Tanmay Gupta (2020). Bitcoin Prices (Statistical Analysis). International Journal of Advance Research, Ideas and Innovations in Technology, 6(2) www.IJARIIT.com.

MLA
Tanmay Gupta. "Bitcoin Prices (Statistical Analysis)." International Journal of Advance Research, Ideas and Innovations in Technology 6.2 (2020). www.IJARIIT.com.

Abstract

In this paper with the help of mathematical tools, I will analyze how Bitcoin prices have fared over the span of 3 years from January 2017 to December 2019. The tools will help to forecast the future value of bitcoin but the values forecasted do not consider any external factors just makes an estimate according to the previous values. We will also use time series tools like moving averages to find a general trend of the prices of bitcoin.