Forecasting Bitcoin Prices on March 2018 using Monte Carlo Method
Timeframe (Chart) : D1 (Daily)
Timeframe (Projection) : Monthly
Period : 1 March - 31 March 2018
Method : Monte Carlo Method
Random Number Generation : Pseudo Random Number Generator (PRNG)
Random Number Generator Algorithm : B.A. Wichman and I.D. Hill Algorithm
Input Parameters :
- Daily Market Cap Growth and Decay (Gaussian/Normal Distribution)
- Drift (Beta Distribution)
- Forecasted BTC Supply (Linear Time Series Function)
- Supply Decay Factor (Lower Incomplete Gamma Function)
Numbers of iteration : 40,000 steps
Blog Post : https://steemit.com/@cryptobility
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