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Sentiment Analysis using Dictionary-Based Lexicon Approach: Analysis on the Opinion of Indian Community for the Topic of Cryptocurrency

Author

Listed:
  • Sankalp Loomba

    (National Forensic Sciences University)

  • Madhavi Dave

    (Adani Institute of Digital Technology Management)

  • Harshal Arolkar

    (GLS University)

  • Sachin Sharma

    (Indrashil University)

Abstract

Due to the ever-increasing computing power and easy availability, social-networking platforms like Facebook, Twitter, etc. have become a popular medium to express one’s views instantly, be it about political situations, commercial products, or social occurrences. Twitter is a powerful source of information, whose data can be utilized to investigate the opinions of users through a process called Opinion Mining or Sentiment Analysis. Using the principles of Natural Language Processing and data science, this paper presents a comparative evaluation of multiple lexicon-based sentiment analysis algorithms to extract public opinion from tweets. The study explores the nuances of sentiment analysis using data science methodology, assessing how various lexicon-based algorithms may successfully identify and classify sentiments expressed in tweets from the Indian community about cryptocurrency.

Suggested Citation

  • Sankalp Loomba & Madhavi Dave & Harshal Arolkar & Sachin Sharma, 2024. "Sentiment Analysis using Dictionary-Based Lexicon Approach: Analysis on the Opinion of Indian Community for the Topic of Cryptocurrency," Annals of Data Science, Springer, vol. 11(6), pages 2019-2034, December.
    • Handle: RePEc:spr:aodasc:v:11:y:2024:i:6:d:10.1007_s40745-023-00496-y
    DOI: 10.1007/s40745-023-00496-y
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    References listed on IDEAS

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    1. Min Xu & Xingtong Chen & Gang Kou, 2019. "A systematic review of blockchain," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 5(1), pages 1-14, December.
    2. James M. Tien, 2017. "Internet of Things, Real-Time Decision Making, and Artificial Intelligence," Annals of Data Science, Springer, vol. 4(2), pages 149-178, June.
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