Curriculum vitae

Name Surname Nijolė Maknickienė
Education
Institution Qualification, academic degree, academic title Year
Vilnius V. Kapsukas university Physicist, teacher, higher education 1986
Vilnius Gediminas technical university Doctor 2015
Vilnius Gediminas Technical University Associate professor 2020
Work experience
Employer Occupation Period
VGTU Department of Financial Engineering Assistant 2009-2014
Vilnius Gediminas technical university Laboratory of Business Planning and Environmental Economical Science Manager 2014-2015
Vilnius Gediminas technical university Lector 2014-2018
Vilnius Gediminas technical university Assoc. prof. 2018--
Scientific works, works of artistic creation
Period Work title and description
2012-2015 Dissertation: Support system for investor in exchange market
Main publications, monographs, art works, patents
Field of Science Publications Year
04S Maknickienė Nijolė, Maknickas Algirdas, Financial market prediction system with Evolino neural network and delphi method // Journal of business economics and management, Vilnius : Technika. ISSN 1611-1699. Vol. 14, no. 2 (2013) p. 403-413. 2013
04S Rutkauskas Aleksandras Vytautas, Stasytytė Viktorija, Maknickienė Nijolė, Government debt as the integral portfolio of assets and liabilities generated by debt // Journal of business economics and management, Vilnius : Technika. ISSN 1611-1699. Vol. 15, no. 1 (2014) p. 22-40. 2014
04S Stankevičienė Jelena; Maknickienė Nijolė; Maknickas Algirdas. High-low strategy of portfolio composition using Evolino RNN ensembles. Inžinerinė ekonomika = Engineering economics. Kaunas: KTU. ISSN 1392-2785. Vol. 28, no. 2 (2017), p. 162-169 2017
04S Maknickienė Nijolė; Lapinskaitė Indrė; Maknickas Algirdas. Application of ensemble of recurrent neural networks for forecasting of stock market sentiments. Equilibrium - quarterly journal of economics and economic policy. Toruń: Inst Economic Research-Poland. ISSN 1689-765X. Vol. 13, iss. 1 (2018), p. 7-27. 2018
S04 S03 Maknickienė Nijolė; Lapinskaitė Indrė; Miečinskienė Algita; Skačkauskienė Ilona. Patterns of inequality of Lithuanian regions. Journal of business economics and management. Vilnius: VGTU Press. ISSN 1611-1699. vol. 19, iss. 2 (2018), p. 323-342 2018
S04,S03 Maknickas Algirdas; Maknickienė Nijolė. Support system for trading in exchange market by distributional forecasting model. Informatica. Vilnius: Vilniaus universiteto Matematikos ir informatikos institutas. ISSN 0868-4952. vol. 30, no. 1 (2019), p. 73-90. 2019
S04 Maknickas Algirdas; Maknickienė Nijolė. Support system for trading in exchange market by distributional forecasting model. Informatica. Vilnius: Vilniaus universiteto Matematikos ir informatikos institutas. ISSN 0868-4952. vol. 30, no. 1 (2019), p. 73-90 2019
S04 Maknickas Algirdas; Maknickienė Nijolė. Support system for trading in exchange market by distributional forecasting model. Informatica. Vilnius: Vilniaus universiteto Matematikos ir informatikos institutas. ISSN 0868-4952. vol. 30, no. 1 (2019), p. 73-90. 2019
S004 Maknickienė, Nijolė; Stankevičienė, Jelena; Maknickas, Algirdas. Comparison of forex market forecasting tools based on Evolino ensemble and technical analysis indicators // Romanian journal of economic forecasting. Bucharest : Institute for Economic Forecasting. ISSN 1582-6163. eISSN 2537-6071. 2020, vol. 23, iss. 3, art. no. 8, p. 134-148 2020
S004 S003 Maknickienė, Nijolė; Stankevičienė, Jelena; Maknickas, Algirdas. Comparison of forex market forecasting tools based on Evolino ensemble and technical analysis indicators // Romanian journal of economic forecasting. Bucharest : Institute for Economic Forecasting. ISSN 1582-6163. eISSN 2537-6071. 2020, vol. 23, iss. 3, art. no. 8, p. 134-148 2020
S003,S004 Maknickienė Nijolė; Maknickas Algirdas; Martinkutė-Kaulienė Raimonda. Trading support method based on computational intelligence for speculators in the options market. Journal of international studies. Szczecin: Centre of Sociological Research. ISSN 2071-8330. vol. 13, no. 3 (2020), p. 231-247 2020
S003,S004 Maknickienė Nijolė; Stankevičienė Jelena; Maknickas Algirdas. Comparison of forex market forecasting tools based on Evolino ensemble and technical analysis indicators. Romanian journal of economic forecasting. Bucharest: Institute for Economic Forecasting. ISSN 1582-6163. vol. 23, iss. 3 (2020), p. 134-148. 2020
S04,S03 2020 - Maknickienė Nijolė; Maknickas Algirdas. Evolino recurrent neural network ensemble for speculation in exchange market in time of anomalies. Applied artificial intelligence. Philadelphia: Taylor & Francis Inc. ISSN 0883-9514. vol. 34, iss. 13 (2020), p. 957-980. 2020
S04,S03 Meidutė-Kavaliauskienė Ieva; Dudzevičiūtė Gitana; Maknickienė Nijolė. Military and demographic inter-linkages in the context of the Lithuanian sustainability. Journal of business economics and management. Vilnius: VGTU Press. ISSN 1611-1699. vol. 21, iss. 4 (2020), p. 1508-1524. 2020
S003,S004 Meidutė-Kavaliauskienė Ieva; Dudzevičiūtė Gitana; Šimelytė Agnė; Maknickienė Nijolė. Sustainability and regional security in the context of Lithuania. Entrepreneurship and sustainability issues. Vilnius: VšĮ Entrepreneurship and Sustainability Center. vol. 8, iss. 3 (2021), p. 248-266. 2021
S003, S004 Maknickienė, Nijolė; Rapkevičiūtė, Lina. Investigation of gender differences in familiar portfolio choice // Journal of business economics and management. Vilnius : Vilnius Gediminas Technical University. ISSN 1611-1699. eISSN 2029-4433. 2022, vol. 23, iss. 3, p. 690-705. DOI: 10.3846/jbem.2022.17032 2022
S003, S004 Garškaitė-Milvydienė, Kristina; Maknickienė, Nijolė; Tvaronavičienė, Manuela. Insights into attitudes towards financial innovations by its users = Wgląd w postawy użytkowników wobec innowacyjności finansowych // Polish journal of management studies. Czestochowa : Czestochowa University of Technology. ISSN 2081-7452. 2023, vol. 27, iss. 2, p. 106-119. DOI: 10.17512/pjms.2023.27.2.07 2023
S004 Maknickienė, Nijolė; Martinkutė-Kaulienė, Raimonda; Stasytytė, Viktorija. Investigation of algorithmic trading models for shares of the drug manufacturing industry = Vaistų gamybos pramonės akcijų algoritminių prekybos modelių tyrimas // Transformations in business & economics. Vilnius : Vilniaus universitetas. ISSN 1648-4460. eISSN 1648-4460. 2023, vol. 22, no. 2(59), p. 83-96. 2023
S04 Maknickienė, Nijolė; Lapkovskaja, Joana. An exploratory review of the fintech influence field // Journal of infrastructure, policy and development. Tustin : EnPress Publisher. ISSN 2572-7923. eISSN 2572-7931. 2024, vol. 8, iss. 4, art. no. 3410, p. 1-27. DOI: 10.24294/jipd.v8i4.3410. 2024
S004 Stasytytė, Viktorija; Maknickienė, Nijolė; Martinkutė-Kaulienė, Raimonda. Hedging basic materials equity portfolios using gold futures // Journal of international studies. Szczecin : Centre of Sociological Research. ISSN 2071-8330. eISSN 2306-3483. 2024, vol. 17, iss. 2, p. 132-145. DOI: 10.14254/2071-8330.2024/17-2/7. 2024
Participation in conferences
Date Title of the conference and speech title
2010-01-01 Rutkauskas Aleksandras Vytautas, Maknickienė Nijolė, Maknickas Algirdas, Modelling of the history and predictions of financial market time series using Evolino // The 6th International Scientific Conference Business and Management 2010: selected papers. May 13-14, 2010. Vol. 1, Vilnius : Technika p. 170-175. [Duomenų bazės: Conference Proceedings Citation Index];
2011-01-01 Rutkauskas Aleksandras Vytautas, Stasytytė Viktorija, Maknickienė Nijolė, Entrepreneurship portfolio construction and management // Proceedings of the Annual International Conference on Innovation and Entrepreneuship (IE 2011), July 23-24, 2011 Singapore, Singapore: Global Science and Technology Forum (GSTF), 2011 p. 57-62.
2012-01-01 Maknickas Algirdas, Maknickienė Nijolė, Influence of data orthogonality: on the accuracy and stability of financial market predictions // IJCCI 2012, Setubal : INSTICC, 2012 p. 616-619.
2012-01-01 Maknickienė Nijolė, Evaluation of the portfolio performance indicators, using Evolino RNN trading model // Contemporary issues in business, management and education'2012, Vilnius : Technika, 2012 p. 158-169.
2012-01-01 Maknickienė Nijolė, Maknickas Algirdas, Application of neural network for forecasting of exchange rates and forex trading // The 7th international scientific conference "Business and Management 2012", Vilnius : Technika, 2012 p. 122-127. [Duomenų bazės: Conference Proceedings Citation Index];
2013-01-01 Maknickienė Nijolė, Maknickas Algirdas, Investigation of prediction capabilities using RNN ensembles // IJCCI 2013, Setubal : SciTePress, 2013 p. 391-395.
2014-01-01 Grigonytė Ingrida, Maknickienė Nijolė, The role of European payment index in GDP growth // The 8th international scientific conference "Business and Management 2014", Vilnius : Technika, 2014 p. 214-222. [Duomenų bazės: Conference Proceedings Citation Index];
2014-01-01 Stankevičienė Jelena, Maknickienė Nijolė, Maknickas Algirdas, Investigation of exchange market prediction model based on high-low daily data // The 8th international scientific conference "Business and Management 2014", Vilnius : Technika, 2014 p. 320-327. [Duomenų bazės: Conference Proceedings Citation Index];
2014-01-01 Maknickienė Nijolė, Stankevičienė Jelena, Comparision of exchange market predictions using extremal data // International scientific conference Contemporary issues in business, management and education'2014, November 13, 2014 – November 14, 2014, Vilnius Gediminas technical university, Vilnius : Vilniaus Gedimino technikos universitetas, 2014 p. [1-10].
2014-01-01 Maknickienė Nijolė, Selection of orthogonal investment portfolio using evolino RNN trading model // Procedia - Social and Behavioral Sciences. The 2-dn International Scientific conference „Contemporary Issues in Business, Management and Education 2013", Amsterdam : Elsevier Science Ltd p. 1158-1165.
2016-01-01 Maknickienė Nijolė; Maknickas Algirdas. Prediction capabilities of Evolino RNN ensembles. Computational Intelligence : revised and selected papers of the International Joint Conference, IJCCI 2013, Vilamoura, Portugal, September 20-22, 2013. Berlin: Springer International Publishing, 2016. ISBN 9783319233918, p. 473-485.
2016-01-12 Maknickienė, Nijolė; Maknickas, Algirdas. Prediction capabilities of Evolino RNN ensembles. Computational Intelligence. Berlin : Springer International Publishing, 2016. ISSN 1860-949X, p. 473-485
2016-05-12 2016 - Maknickienė, Nijolė; Maknickas, Algirdas. Impact of time zones on forecasting of exchange market based on distribution of expected values. The 9th International Scientific Conference “Business and Management 2016”, May 12–13, 2016, Vilnius, Lithuania. Vilnius : Technika, 2016. ISSN 2029-4441, p. 1-8..
2017-06-29 Maknickienė Nijolė; Vaškevičiūtė Agnetė. Comparison of predictions of behaviour of individual investors. 7th Global Innovation and Knowledge Academy (GIKA) "Innovation, knowledge, judgment and decision-making as virtuous cycles", Lisbon, June 28-30, 2017 : conference proceedings. Lisbon: Tomsons Reuters (legal) limited, 2017. ISBN 9788491522270, p. 335-337.
2018-05-03 Schabek Tomasz; Maknickienė Nijolė. Influence of macroeconomic factors on stock prices in Poland – cross section and time series analysis. 10th International Scientific Conference “Business and Management 2018”, May 3–4, 2018, Vilnius, Lithuania. Vilnius: VGTU Press, 2018. ISSN 2029-4441, p. 491-497
2018-05-03 2018 - Maknickienė Nijolė; Kekytė Ieva; Maknickas Algirdas. Computation intelligence based daily algorithmic strategies for trading in the foreign exchange market. 10th International Scientific Conference “Business and Management 2018”, May 3–4, 2018, Vilnius, Lithuania. Vilnius: VGTU Press, 2018. ISSN 2029-4441, p. 482-490.
2020-05-07 Pratuzaitė, Greta; Maknickienė, Nijolė. Investigation of credit cards fraud detection by using deep learning and classification algorithms // 11th International scientific conference “Business and management 2020”, May 7–8, 2020, Vilnius, Lithuania. Vilnius : VGTU Press, 2020
2020-05-07 Stalovinaitė, Ilona; Maknickienė, Nijolė; Martinkutė-Kaulienė, Raimonda. Investigation of decision making support in digital trading // 11th International scientific conference “Business and management 2020”, May 7–8, 2020, Vilnius, Lithuania. Vilnius : VGTU Press, 2020
2022-05-12 Rahuf, Rajah; Maknickienė, Nijolė. Investigating an individual’s opinion on social media about the cryptocurrency market // 12th International scientific conference “Business and management 2022”, May 12–13, 2022, Vilnius, Lithuania. Vilnius : Vilnius Gediminas Technical University, 2022,
2022-05-12 Vosyliūtė, Ieva; Maknickienė, Nijolė. Investigation of financial fraud detection by using computational intelligence // 12th International scientific conference “Business and management 2022”, May 12–13, 2022, Vilnius, Lithuania. Vilnius : Vilnius Gediminas Technical University, 2022,
2022-05-12 Maknickienė, Nijolė; Martinkutė-Kaulienė, Raimonda; Rapkevičiūtė, Lina. Familiarity bias investigation in portfolio creation // 12th International scientific conference “Business and management 2022”, May 12–13, 2022, Vilnius, Lithuania. Vilnius : Vilnius Gediminas Technical University, 2022
Foreign languages
A1/2: beginner; B1/2: advanced user; C1/2: proficient user;
Speaking Understanding Writing
English C1 C1 C1
latin A1 A1 A1
russian C1 C1 C1
Teaching subjects
Level of studies Subject title
Master Degree Studies Financial Big Data Analytics (with course project)
Master Degree Studies Investing Psychology
Master Degree Studies Integrated Management of Business Intelligence, Innovations and High Technologies
Bachelor Degree Studies Statistics for Economics and Economical Forecasting
Bachelor Degree Studies Economic Forecasting
Bachelor Degree Studies Investment Management
Bachelor Degree Studies Financial Engineering
Bachelor Degree Studies Behavioral Finance
Bachelor Degree Studies Complex Project of Financial Engineering
Improvement of qualification (internships, lasting more than two weeks, trainings, seminars, not less than 8
Institution Country Subject Period
Brno technical university Czech Republic Interdisciplinary research enforcement in intercultural environment 2013-2013
Participation in projects
Period Project description
2013-2015 Investment Strategy Preparation for a small country to the universal development of sustainability. Nr. VP1-3.1-ŠMM-07-K-03-060
2019-2020 Creating a unique multifunctional intellectual support system for business data analysis platform " Lithuanian government ASIT R&ED project, registration Nr. J05-LVPA-K-03-0062, from 2018-2020 m. Executor: Private Limited Liability Company "BLUE BRIDGE", participant N. Maknickiene Project amount : 649043,60 Eur, Financing amount; 334247,74 Eur
2020-2023 Development of an innovative integrated cinema repertoire forecasting and management system (Inno4Cinema), project number J05-LVPA-K-856-01-0103, 2020-2023 executor UAB "IT Solutions", partners UAB "Market Rats", Vilnius Gediminas University of Technology, participant Nijolė Maknickienė, project value: 748,638 ,18 Eur, funding amount: 536,139.56 Eur.
Membership in international organizations, committees, expert activity, participation in editorial boards
Period Title
2022-2022 En expert in NATO Science & Technology Board (STB) von Kármán Horizon Scanning (vKHS) on Artificial Intelligence (AI) Base Workshop (WS)).The purpose of the foundational workshop is to identify and discuss key issues to better understand artificial intelligence and its potential implications