Analysis and Simulation of a Simplified Neural Network Model for Price Prediction in a Relation to the Inflationary Trend in Nigeria Markets

This paper provides the concept of neural network model for price prediction is and what it can be used for as well as to solve a real data classification problem using the methods of Artificial Neural Network (ANN). However, in the application of ANN for predict ing the financial market, the use of technical analysis variables for price prediction is predominant. In this study, it was shown that the Nigerian market is not efficient but chaotic. The simulation results and price forecast show that it is possible to consistently earn good return on investments on the Nigerian market using private information from an Artificial Neural Network indicator.