This study focuses on leveraging machine learning algorithms to predict and analyse the performance of the S&P 500 (SPY) index in financial markets. Our objectives encompass developing accurate predictive models, identifying the growth of the index, and determining the trends. Through extensive data preprocessing and model evaluation, our findings indicate that the index possesses great potential for a long-term investment. This research holds significance for investors, traders, policymakers, and economists, providing valuable insights that aid in making informed decisions, managing risks, and monitoring markets. Additionally, it hints at potential paths for further exploration in the realm of financial prediction.
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Goyanka et al. (2024) studied this question.
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