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Impact of European Central Bank and Federal Reserve System statements on cryptocurrency markets via sentiment analysis
Krejcar, Vilém ; Krištoufek, Ladislav (advisor) ; Čech, František (referee)
This study explores the impact of public statements from major central banks, specifically the FED and the ECB, on Bitcoin volatility from 2018 to 2021. Utilizing high-frequency data, we computed Bitcoin's volatility and extracted sentiment scores from the central banks' communications using two methods: the FinBERT language model and the state-of-the-art Generative AI GPT-4 model with tailored prompt. The GPT-4 model, capturing more nuanced senti- ment from text, was deemed superior. Our analysis involved comparing various models, with the HAR model emerging as the most e ective for this study. The research findings are particularly significant: negative sentiment from the ECB during the pandemic was associated with immediate and significant increases in Bitcoin volatility, indicating a market reaction of caution when faced with negative emission. These findings highlight the significant impact of central bank sentiment on Bitcoin volatility, confirming the initial hypothesis of this research. Additionally, the results provide a motivation to incorporate Genera- tive Artificial Intelligence into academic research as a tool for uncovering novel insights. JEL Classification C32, C55, C58, E58, G15 Keywords central banks, sentiment analysis, volatility, Bit- coin, GenAI, HAR, FED, ECB Title Impact of European...
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Optimization of Business Processes Using Business Intelligence Tools
Žáčiková, Erika ; Luhan, Jan (referee) ; Kříž, Jiří (advisor)
The final thesis deals with the optimization of business processes and the provision of a quality basis for managerial decision-making, which in itself represents a process. In later chapters, he presents the concept of Process Mining and, in the practical part, the application of acquired knowledge about process mining to the Purchase to Pay business process. The goal of this solution is to reveal weak links in the process flow, identify deviations from the reference process model and gain knowledge about real process performance. Based on this knowledge, aspects that can be optimized are proposed.
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E-commerce Expansion Management
Sojka, David ; Pfeifer, Marcel Rolf (referee) ; Putnová, Anna (advisor)
This master thesis pursues a business model of an online store's international expansion in Europe. According to theoretical backgrounds, it evaluates the state of currently used methods of today's expansion strategy. Further, a management plan for systematic expansion is being proposed along with risk mitigations, stabilization of current international operations, and a proposal of a technological-information solution for data science.
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Methods for Predicting Drug Side Effects in Silico
Cicková, Pavlína ; Lexa,, Matej (referee) ; Berka,, Karel (referee) ; Provazník, Ivo (advisor)
Vývoj a výzkum léčiv je oblastí současné vědy, jejíž nedílnou součástí je i využití výpočetních metod. Z důvodu nákladnosti a časové náročnosti laboratorních přístupů, metody in silico sehrávají svou významnou roli. I přes rychlý vývoj výpočetních technik využívaných při vývoji léků, však není drtivá většina zkoumaných molekul v procesu vývoje úspěšná a do schvalovací fáze nepostoupí. Nejen proto se nejmodernější strategie návrhu potenciálních nových léčiv zaměřují na opětovné zkoumání již schválených léků a berou do úvahy i analýzu podobností. Tato práce popisuje vývoj a aplikaci souboru několika workflow, jež byl vytvořen v rámci analytické platformy KNIME a jež implementuje metody strojového učení za účelem predikce nežádoucích účinků léčiv. Součástí prezentovaných workflow je získání dat, jejich předzpracování, výpočet metrik podobností a provedení explorační analýzy. Následně je využito klasifikačních modelů k predikci specifických nežádoucích účinků léčiv. Tato predikce vychází z principů technik založených na podobnosti. K natrénování modelů rozhodovacích stromů pro predikci potenciální asociace nežádoucích účinků s léčivy byly využity strukturní a jiné podobnosti schválených molekul léčiv. Hlavní přínos práce spočívá především v přenositelnosti použitých metod. Soubor workflow je určen k využití jako vhodný nástroj k řešení výzkumných otázek ohledně podobnosti léčiv a jelikož analytická platforma KNIME poskytuje uživatelsky přívětivé grafické rozhraní, není nutné, aby měli uživatelé pokročilé zkušenosti v oblasti strojového učení nebo programování, aby mohli soubor navržených workflow v rámci této platformy pro své analýzy využít.
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E-commerce Expansion Management
Sojka, David ; Pfeifer, Marcel Rolf (referee) ; Putnová, Anna (advisor)
This master thesis pursues a business model of an online store's international expansion in Europe. According to theoretical backgrounds, it evaluates the state of currently used methods of today's expansion strategy. Further, a management plan for systematic expansion is being proposed along with risk mitigations, stabilization of current international operations, and a proposal of a technological-information solution for data science.
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Big Data and its perspective for the banking
Firsov, Vitaly ; Maryška, Miloš (advisor) ; Molnár, Zdeněk (referee)
In this thesis, I want to explore present (y. 2012/2013) modern trends in Business Intelligence and focus specifically on the rapidly evolving and, in my (and not only) opinion, a very perspective area of analysis and use of Big Data in large enterprises. The first, introductory part contains general information and the formal conditions as aims of the work, on whom the work is oriented and where it could be used. Then there are described inputs and outputs, structure, methods to achieve the objectives, potential benefits and limitations in this part. Because at the same time I work as a data analyst in the largest bank Czech Republic, Czech Savings Bank, I focused on the using of Big Data in the banking, because I think, that it is possible to achieve great benefits from collecting and analyzing Big Data in this area. The thesis itself is divided into 3 parts (chapters 2, 3-4, 5). In the second chapter you will learn, how developed the area of BI, how it evolved historically, what is BI today and what future is predicted to the BI by the experts like the world famous and respected analyst firm Gartner. In the third chapter I will focus on Big Data itself, what this term means, how Big Data differs from traditional business information available from ERP, ECM, DMS and other enterprise systems. You will learn about ways to store and process this type of data, as well as about the existing and applicable technologies, focused on Big Data analysis. In the fourth chapter I focus on the using of Big Data in business, information in this chapter will reflect my personal views on the potential of Big Data, based on my experience during practice in Czech Savings Bank. The final part will summarize this thesis, assess, how I fulfilled the objectives defined at the beginning, and express my opinion on perspective of the trend of Big Data analytics, based to the analyzed during the writing this thesis information and knowledge.
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