Ten Applications of Financial Machine Learning
16 Pages Posted: 22 Apr 2019 Last revised: 1 Oct 2019
Date Written: September 22, 2019
This article reviews ten notable financial applications where ML has moved beyond hype and proven its usefulness. This success does not mean that the use of ML in finance does not face important challenges. The main conclusion is that there is a strong case for applying ML to current financial problems, and that financial ML has a promising future ahead.
For a presentation on this topic, see https://ssrn.com/abstract=3197726.
Keywords: machine learning, econometrics, financial economics, artificial intelligence
JEL Classification: G0, G1, G2, G15, G24, E44
Suggested Citation: Suggested Citation