Can I read Probabilistic Machine Learning for Finance and Investing on EtoBox?

Probabilistic Machine Learning for Finance and Investing by Deepak K. Kanungo is a book available to read on EtoBox.

What is Probabilistic Machine Learning for Finance and Investing about?

Whether based on academic theories or discovered empirically by humans and machines, all financial models are at the mercy of modeling errors that can be mitigated but not eliminated. Probabilistic ML technologies are based on a simple and intuitive definition of probability and the rigorous calculus of probability theory.Unlike conventional AI systems, probabilistic machine learning (ML) systems treat errors and uncertainties as features, not bugs. They quantify uncertainty generated from inexact model inputs and outputs as probability distributions, not point estimates. Most importantly, these systems are capable of forewarning us when their inferences and predictions are no longer useful in the current market environment. These ML systems provide realistic support for financial decision-making and risk management in the face of uncertainty and incomplete information.Probabilistic ML is the next generation ML framework and technology for AI-powered financial and...

Author

Deepak K. Kanungo

Publisher

O'Reilly Media

Published

2023

Language

EN