A GUIDE TO MACHINE LEARNING IN FINANCE IN 2023
In recent years, machine learning (ML) has grown in popularity in the finance sector. It can be utilised for many different things, such as algorithmic trading, portfolio optimization, and risk management. Here is a guide to help you comprehend the application of machine learning in finance and how to begin applying it in your own job. Recognize the different machine learning techniques: The most typical ML approach used in the banking industry is supervised learning. It entails building a model from labelled data with known input and output variables. Using historical stock prices to forecast future prices and previous credit card transactions to spot fraud are two examples of supervised learning in finance. Unsupervised learning is training a model using data that has not been labelled, where the input variables are known but the output variables are not. Unsupervised learning applications in finance include clustering stocks based on past performance and seeing trends in financial...