Machine learning in finance
In recent years, machine learning techniques and big-data facilities have become quite popular in the finance and investment world. In the wake of this success, numerous machine learning researchers have decided to found their own asset management companies, hoping to capitalize on this trend.
This begs the question: Are large amounts of data and computing power all that is needed to tame the markets? In this article we delve into the uses and misuses of machine learning (ML) in finance.
The two kinds of machine learning
To the neophyte, all ML might look like the
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