How is machine learning used in finance?
Machine learning is used in Fiance industry to do following things:
Artificial Intelligence Trading
Insurance Underwriting and Claims.
Stock Market prediction
Treasury - CRM, Spot Transactions
Handwritten Amount Recognition
Trading / Hedging
Portfolio Management/ Risk Management
Following algorithms and statistical methods are used:
Random Forests (RM)
Support Vector Machine (SVM)
k-Nearest Neighbor (kNN)
Classification and Regression Tree (CART)
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