Data Mining Through Self Organising Maps Applied on Select Exchange Rates

Ravindran Ramasamy
Ravindran Ramasamy
Krishnan Rengganathan
Krishnan Rengganathan

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Data Mining Through Self Organising Maps  Applied on Select Exchange Rates

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Abstract

The self organising maps are gaining popularity as they help in organizing the haphazard data in topological maps. They conserve space in storing, help in pattern identification, matching, recognition, data mining etc. The Neural Networks designed by Hopfield is applied in this paper to organize the returns produced by seven exchange rates by the competitive Kohonen algorithm. Our analysis produces interesting self organizing maps for these currency returns. All exchange rate returns are nicely organized in a solid tight group and placed at the center of the boundary rectangle except for US dollar, European Euro and Korean Won. One weekly grouped return fall outside the boundary rectangle for these three exchange rates. These grouped returns are outliers which could have germinated by significant information or an economic event happened in these countries.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

. 2012. \u201cData Mining Through Self Organising Maps Applied on Select Exchange Rates\u201d. Global Journal of Computer Science and Technology - D: Neural & AI GJCST-D Volume 12 (GJCST Volume 12 Issue D12).

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Journal Specifications

Crossref Journal DOI 10.17406/gjcst

Print ISSN 0975-4350

e-ISSN 0975-4172

Keywords
Version of record

v1.2

Issue date
December 29, 2012

Language
en
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Data Mining Through Self Organising Maps Applied on Select Exchange Rates

Ravindran Ramasamy
Ravindran Ramasamy
Krishnan Rengganathan
Krishnan Rengganathan

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