Exchange rate modelling for E-negotiators using text mining techniques

The Curious Negotiator project aims at the automation (to the extent possible) of the delivery and use of information by negotiation agents in electronic market environment. This chapter presents a framework for using text mining agents to provide processed online information to negotiation agents. It includes a news extraction algorithm, a quantitative process model based on the extracted news information, which is exemplified by an exchange rate prediction model, and a communication protocol between data mining agents and negotiation agents. This information is critical for the negotiation agents to form their negotiation strategies. © Springer-Verlag Berlin Heidelberg 2007