From the course: Advanced Python in Excel for Finance: A Hands-On Approach
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Introduction to machine learning in finance
From the course: Advanced Python in Excel for Finance: A Hands-On Approach
Introduction to machine learning in finance
- [Instructor] Let's uncover the potential of machine learning in finance. Our first step is to grasp the basics of machine learning. Machine learning is a subset of artificial intelligence that involves building systems that learn from data. In fact, the most common definition for machine learning is by Tom Mitchell, '97, who states that, "A computer program is said to learn from experience E with respect to some class of tasks T and performance measure P, if its performance at tasks in T, as measured by P, improves with experience E." Now we can see from the definition the difference from traditional models. For machine learning, we don't have the explicit programming of the machines. We'll explore why machine learning is particularly significant in finance, where predictive analytics can unveil patterns and insights. hidden in vast data sets driving investment strategies, risk management and customer service. With our foundational understanding of machine learning, will now examine…
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