As traders and investors grapple with market unpredictability, yPredict, a project currently under development, is preparing to offer a blend of traditional and modern analytical tools. The project has raised an initial $3.69 million for its native token, $YPRED, and is setting the stage for beta releases in late 2023 and full releases in 2024.
yPredict promises to assist market participants in making more informed decisions by combining established statistical models with advanced artificial intelligence technologies.
How yPredict Utilizes AI Signals for Financial Forecasting
yPredict will use a blend of old and new analytical methods. On one hand, it employs traditional models like ARIMA (Autoregressive Integrated Moving Average), a model that has been effective since the 1970s in various sectors, including finance.
On the other, yPredict is integrating more recent AI models such as Long Short-Term Memory (LSTM) and Support Vector Machine (SVM) for real-time AI signals.