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Machine Learning Applications in Renewable Energy (Green Energy and Technology)
by Stefan Mozar Mousmi Ajay Chaurasia Chia-Feng Juang Namrata ManoharThis book presents the need for Renewable Energy Technologies (RET) in the context of providing a solution for the depletion of conventional resources, protecting the environment and enhancing the economic situation of a country by way of providing employment opportunities for many people may be as employees in various roles or initiating their own enterprise. The book includes statistics on energy consumption changes over the past few decades from conventional to renewable energies. The future scenario of energy in view of technological advancements and the employment status past, present and future is indicated. The need and importance of standards for the efficient operation of renewable energy systems are explained. The various modern technologies that are enabling the successful implementation of RET are presented. The role of the public and government and the various financial schemes governments provide is highlighted. A few modern applications and those under development would enhance the standard of living. The statistics and situation of the various aspects in the wake of the COVID-19 pandemic before, during and future effects are discussed, for the overall benefit of one and all. The various methods of a cost analysis of a project are indicated. Solar system components and the cost estimation of the solar power system in the present-day market status are provided. The various grid integration issues have been discussed.
Machine Learning Approaches for Evaluating Statistical Information in the Agricultural Sector (SpringerBriefs in Applied Sciences and Technology)
by Vitor Joao MartinhoThis book presents machine learning approaches to identify the most important predictors of crucial variables for dealing with the challenges of managing production units and designing agriculture policies. The book focuses on the agricultural sector in the European Union and considers statistical information from the Farm Accountancy Data Network (FADN).Presently, statistical databases present a lot of information for many indicators and, in these contexts, one of the main tasks is to identify the most important predictors of certain indicators. In this way, the book presents approaches to identifying the most relevant variables that best support the design of adjusted farming policies and management plans. These subjects are currently important for students, public institutions and farmers. To achieve these objectives, the book considers the IBM SPSS Modeler procedures as well as the respective models suggested by this software.The book is read by students in production engineering, economics and agricultural studies, public bodies and managers in the farming sector.
Machine Learning Approaches in Financial Analytics (Intelligent Systems Reference Library #254)
by Srikanta Patnaik Leandros A. Maglaras Sonali Das Naliniprava TripathyThis book addresses the growing need for a comprehensive guide to the application of machine learning in financial analytics. It offers a valuable resource for both beginners and experienced professionals in finance and data science by covering the theoretical foundations, practical implementations, ethical considerations, and future trends in the field. It bridges the gap between theory and practice, providing readers with the tools and knowledge they need to leverage the power of machine learning in the financial sector responsibly.
Machine Learning Design Patterns
by Michael Munn Valliappa Lakshmanan Sara RobinsonThe design patterns in this book capture best practices and solutions to recurring problems in machine learning. The authors, three Google engineers, catalog proven methods to help data scientists tackle common problems throughout the ML process. These design patterns codify the experience of hundreds of experts into straightforward, approachable advice.In this book, you will find detailed explanations of 30 patterns for data and problem representation, operationalization, repeatability, reproducibility, flexibility, explainability, and fairness. Each pattern includes a description of the problem, a variety of potential solutions, and recommendations for choosing the best technique for your situation.You'll learn how to:Identify and mitigate common challenges when training, evaluating, and deploying ML modelsRepresent data for different ML model types, including embeddings, feature crosses, and moreChoose the right model type for specific problemsBuild a robust training loop that uses checkpoints, distribution strategy, and hyperparameter tuningDeploy scalable ML systems that you can retrain and update to reflect new dataInterpret model predictions for stakeholders and ensure models are treating users fairly
Machine Learning Foundations: Supervised, Unsupervised, and Advanced Learning
by Taeho JoThis book provides conceptual understanding of machine learning algorithms though supervised, unsupervised, and advanced learning techniques. The book consists of four parts: foundation, supervised learning, unsupervised learning, and advanced learning. The first part provides the fundamental materials, background, and simple machine learning algorithms, as the preparation for studying machine learning algorithms. The second and the third parts provide understanding of the supervised learning algorithms and the unsupervised learning algorithms as the core parts. The last part provides advanced machine learning algorithms: ensemble learning, semi-supervised learning, temporal learning, and reinforced learning.Provides comprehensive coverage of both learning algorithms: supervised and unsupervised learning;Outlines the computation paradigm for solving classification, regression, and clustering;Features essential techniques for building the a new generation of machine learning.
Machine Learning Interviews: Kickstart Your Machine Learning and Data Career
by Susan Shu ChangAs tech products become more prevalent today, the demand for machine learning professionals continues to grow. But the responsibilities and skill sets required of ML professionals still vary drastically from company to company, making the interview process difficult to predict. In this guide, data science leader Susan Shu Chang shows you how to tackle the ML hiring process.Having served as principal data scientist in several companies, Chang has considerable experience as both ML interviewer and interviewee. She'll take you through the highly selective recruitment process by sharing hard-won lessons she learned along the way. You'll quickly understand how to successfully navigate your way through typical ML interviews.This guide shows you how to:Explore various machine learning roles, including ML engineer, applied scientist, data scientist, and other positionsAssess your interests and skills before deciding which ML role(s) to pursueEvaluate your current skills and close any gaps that may prevent you from succeeding in the interview processAcquire the skill set necessary for each machine learning roleAce ML interview topics, including coding assessments, statistics and machine learning theory, and behavioral questionsPrepare for interviews in statistics and machine learning theory by studying common interview questions
Machine Learning Models and Algorithms for Big Data Classification
by Shan SuthaharanThis book presents machine learning models and algorithms to address big data classification problems. Existing machine learning techniques like the decision tree (a hierarchical approach), random forest (an ensemble hierarchical approach), and deep learning (a layered approach) are highly suitable for the system that can handle such problems. This book helps readers, especially students and newcomers to the field of big data and machine learning, to gain a quick understanding of the techniques and technologies; therefore, the theory, examples, and programs (Matlab and R) presented in this book have been simplified, hardcoded, repeated, or spaced for improvements. They provide vehicles to test and understand the complicated concepts of various topics in the field. It is expected that the readers adopt these programs to experiment with the examples, and then modify or write their own programs toward advancing their knowledge for solving more complex and challenging problems. The presentation format of this book focuses on simplicity, readability, and dependability so that both undergraduate and graduate students as well as new researchers, developers, and practitioners in this field can easily trust and grasp the concepts, and learn them effectively. It has been written to reduce the mathematical complexity and help the vast majority of readers to understand the topics and get interested in the field. This book consists of four parts, with the total of 14 chapters. The first part mainly focuses on the topics that are needed to help analyze and understand data and big data. The second part covers the topics that can explain the systems required for processing big data. The third part presents the topics required to understand and select machine learning techniques to classify big data. Finally, the fourth part concentrates on the topics that explain the scaling-up machine learning, an important solution for modern big data problems.
Machine Learning Paradigms: Advances in Data Analytics (Intelligent Systems Reference Library #149)
by Lakhmi C. Jain George A. Tsihrintzis Dionisios N. SotiropoulosThis book explores some of the emerging scientific and technological areas in which the need for data analytics arises and is likely to play a significant role in the years to come. At the dawn of the 4th Industrial Revolution, data analytics is emerging as a force that drives towards dramatic changes in our daily lives, the workplace and human relationships. Synergies between physical, digital, biological and energy sciences and technologies, brought together by non-traditional data collection and analysis, drive the digital economy at all levels and offer new, previously-unavailable opportunities. The need for data analytics arises in most modern scientific disciplines, including engineering; natural-, computer- and information sciences; economics; business; commerce; environment; healthcare; and life sciences. Coming as the third volume under the general title MACHINE LEARNING PARADIGMS, the book includes an editorial note (Chapter 1) and an additional 12 chapters, and is divided into five parts: (1) Data Analytics in the Medical, Biological and Signal Sciences, (2) Data Analytics in Social Studies and Social Interactions, (3) Data Analytics in Traffic, Computer and Power Networks, (4) Data Analytics for Digital Forensics, and (5) Theoretical Advances and Tools for Data Analytics. This research book is intended for both experts/researchers in the field of data analytics, and readers working in the fields of artificial and computational intelligence as well as computer science in general who wish to learn more about the field of data analytics and its applications. An extensive list of bibliographic references at the end of each chapter guides readers to probe further into the application areas of interest to them.
Machine Learning Production Systems: Engineering Machine Learning Models and Pipelines
by Hannes Hapke Robert Crowe Emily Caveness Di ZhuUsing machine learning for products, services, and critical business processes is quite different from using ML in an academic or research setting—especially for recent ML graduates and those moving from research to a commercial environment. Whether you currently work to create products and services that use ML, or would like to in the future, this practical book gives you a broad view of the entire field.Authors Robert Crowe, Hannes Hapke, Emily Caveness, and Di Zhu help you identify topics that you can dive into deeper, along with reference materials and tutorials that teach you the details. You'll learn the state of the art of machine learning engineering, including a wide range of topics such as modeling, deployment, and MLOps. You'll learn the basics and advanced aspects to understand the production ML lifecycle.This book provides four in-depth sections that cover all aspects of machine learning engineering:Data: collecting, labeling, validating, automation, and data preprocessing; data feature engineering and selection; data journey and storageModeling: high performance modeling; model resource management techniques; model analysis and interoperability; neural architecture searchDeployment: model serving patterns and infrastructure for ML models and LLMs; management and delivery; monitoring and loggingProductionalizing: ML pipelines; classifying unstructured texts and images; genAI model pipelines
Machine Learning Techniques for Smart City Applications: Trends and Solutions (Advances in Science, Technology & Innovation)
by D. Jude HemanthThis book discusses the application of different machine learning techniques to the sub-concepts of smart cities such as smart energy, transportation, waste management, health, infrastructure, etc. The focus of this book is to come up with innovative solutions in the above-mentioned issues with the purpose of alleviating the pressing needs of human society. This book includes content with practical examples which are easy to understand for readers. It also covers a multi-disciplinary field and, consequently, it benefits a wide readership including academics, researchers, and practitioners.
Machine Learning Technologies on Energy Economics and Finance: Energy and Sustainable Analytics, Volume 1 (International Series in Operations Research & Management Science #367)
by Mohammad Zoynul Abedin Wang YongThis book explores the latest innovations in energy economics and finance, with a particular focus on the role of machine learning algorithms in advancing the energy sector. It examines key factors shaping this field, including market structures, regulatory frameworks, environmental impacts, and the dynamics of the global energy market. It discusses the critical application of machine learning (ML) in energy financing, introducing predictive tools for forecasting energy prices across various sectors—such as crude oil, electricity, fuelwood, solar, and natural gas. It also addresses how ML can predict investor behavior and assess the efficiency of energy markets, with a focus on both the opportunities and challenges in renewable energy and energy finance. This book serves as a comprehensive guide for academics, practitioners, financial managers, stakeholders, government officials, and policymakers who seek strategies to enhance energy systems, reduce costs and uncertainties, and optimize revenue for economic growth. This is the first volume of a two-volume set.
Machine Learning Technologies on Energy Economics and Finance: Energy and Sustainable Analytics, Volume 2 (International Series in Operations Research & Management Science #368)
by Mohammad Zoynul Abedin Wang YongThis book explores the latest innovations in energy economics and finance, with a particular focus on the role of machine learning algorithms in advancing the energy sector. It examines key factors shaping this field, including market structures, regulatory frameworks, environmental impacts, and the dynamics of the global energy market. It discusses the critical application of machine learning (ML) in energy financing, introducing predictive tools for forecasting energy prices across various sectors—such as crude oil, electricity, fuelwood, solar, and natural gas. It also addresses how ML can predict investor behavior and assess the efficiency of energy markets, with a focus on both the opportunities and challenges in renewable energy and energy finance. This book serves as a comprehensive guide for academics, practitioners, financial managers, stakeholders, government officials, and policymakers who seek strategies to enhance energy systems, reduce costs and uncertainties, and optimize revenue for economic growth. This is the second volume of a two-volume set.
Machine Learning and Artificial Intelligence
by Ameet V JoshiThis book provides comprehensive coverage of combined Artificial Intelligence (AI) and Machine Learning (ML) theory and applications. Rather than looking at the field from only a theoretical or only a practical perspective, this book unifies both perspectives to give holistic understanding. The first part introduces the concepts of AI and ML and their origin and current state. The second and third parts delve into conceptual and theoretic aspects of static and dynamic ML techniques. The forth part describes the practical applications where presented techniques can be applied. The fifth part introduces the user to some of the implementation strategies for solving real life ML problems. The book is appropriate for students in graduate and upper undergraduate courses in addition to researchers and professionals. It makes minimal use of mathematics to make the topics more intuitive and accessible.Presents a full reference to artificial intelligence and machine learning techniques - in theory and application;Provides a guide to AI and ML with minimal use of mathematics to make the topics more intuitive and accessible;Connects all ML and AI techniques to applications and introduces implementations.
Machine Learning and Artificial Intelligence for Agricultural Economics: Prognostic Data Analytics to Serve Small Scale Farmers Worldwide (International Series in Operations Research & Management Science #314)
by Chandrasekar VuppalapatiThis book discusses machine learning and artificial intelligence (AI) for agricultural economics. It is written with a view towards bringing the benefits of advanced analytics and prognostics capabilities to small scale farmers worldwide. This volume provides data science and software engineering teams with the skills and tools to fully utilize economic models to develop the software capabilities necessary for creating lifesaving applications. The book introduces essential agricultural economic concepts from the perspective of full-scale software development with the emphasis on creating niche blue ocean products. Chapters detail several agricultural economic and AI reference architectures with a focus on data integration, algorithm development, regression, prognostics model development and mathematical optimization. Upgrading traditional AI software development paradigms to function in dynamic agricultural and economic markets, this volume will be of great use to researchers and students in agricultural economics, data science, engineering, and machine learning as well as engineers and industry professionals in the public and private sectors.
Machine Learning and Big Data with kdb+/q (Wiley Finance)
by Jan Novotny Paul A. Bilokon Aris Galiotos Frederic DelezeUpgrade your programming language to more effectively handle high-frequency data Machine Learning and Big Data with KDB+/Q offers quants, programmers and algorithmic traders a practical entry into the powerful but non-intuitive kdb+ database and q programming language. Ideally designed to handle the speed and volume of high-frequency financial data at sell- and buy-side institutions, these tools have become the de facto standard; this book provides the foundational knowledge practitioners need to work effectively with this rapidly-evolving approach to analytical trading. The discussion follows the natural progression of working strategy development to allow hands-on learning in a familiar sphere, illustrating the contrast of efficiency and capability between the q language and other programming approaches. Rather than an all-encompassing “bible”-type reference, this book is designed with a focus on real-world practicality to help you quickly get up to speed and become productive with the language. Understand why kdb+/q is the ideal solution for high-frequency data Delve into “meat” of q programming to solve practical economic problems Perform everyday operations including basic regressions, cointegration, volatility estimation, modelling and more Learn advanced techniques from market impact and microstructure analyses to machine learning techniques including neural networks The kdb+ database and its underlying programming language q offer unprecedented speed and capability. As trading algorithms and financial models grow ever more complex against the markets they seek to predict, they encompass an ever-larger swath of data – more variables, more metrics, more responsiveness and altogether more “moving parts.” Traditional programming languages are increasingly failing to accommodate the growing speed and volume of data, and lack the necessary flexibility that cutting-edge financial modelling demands. Machine Learning and Big Data with KDB+/Q opens up the technology and flattens the learning curve to help you quickly adopt a more effective set of tools.
Machine Learning and Data Analytics for Solving Business Problems: Methods, Applications, and Case Studies (Unsupervised and Semi-Supervised Learning)
by Bader Alyoubi Chiheb-Eddine Ben Ncir Ibraheem Alharbi Anis JarbouiThis book presents advances in business computing and data analytics by discussing recent and innovative machine learning methods that have been designed to support decision-making processes. These methods form the theoretical foundations of intelligent management systems, which allows for companies to understand the market environment, to improve the analysis of customer needs, to propose creative personalization of contents, and to design more effective business strategies, products, and services. This book gives an overview of recent methods – such as blockchain, big data, artificial intelligence, and cloud computing – so readers can rapidly explore them and their applications to solve common business challenges. The book aims to empower readers to leverage and develop creative supervised and unsupervised methods to solve business decision-making problems.
Machine Learning and Data Mining for Emerging Trend in Cyber Dynamics: Theories and Applications
by Philippe Fournier-Viger Nuno M. Garcia Haruna Chiroma Shafi’i M. AbdulhamidThis book addresses theories and empirical procedures for the application of machine learning and data mining to solve problems in cyber dynamics. It explains the fundamentals of cyber dynamics, and presents how these resilient algorithms, strategies, techniques can be used for the development of the cyberspace environment such as: cloud computing services;cyber security; data analytics; and,disruptive technologies like blockchain. The book presents new machine learning and data mining approaches in solving problems in cyber dynamics. Basic concepts, related work reviews, illustrations, empirical results and tables are integrated in each chapter to enable the reader to fully understand the concepts, methodology, and the results presented. The book contains empirical solutions of problems in cyber dynamics ready for industrial applications. The book will be an excellent starting point for postgraduate students and researchers because each chapter is design to have future research directions.
Machine Learning and Data Science Blueprints for Finance: From Building Trading Strategies To Robo-advisors Using Python
by Hariom Tatsat Sahil Puri Brad LookabaughOver the next few decades, machine learning and data science will transform the finance industry. With this practical book, analysts, traders, researchers, and developers will learn how to build machine learning algorithms crucial to the industry. You'll examine ML concepts and over 20 case studies in supervised, unsupervised, and reinforcement learning, along with natural language processing (NLP).Ideal for professionals working at hedge funds, investment and retail banks, and fintech firms, this book also delves deep into portfolio management, algorithmic trading, derivative pricing, fraud detection, asset price prediction, sentiment analysis, and chatbot development. You'll explore real-life problems faced by practitioners and learn scientifically sound solutions supported by code and examples.This book covers:Supervised learning regression-based models for trading strategies, derivative pricing, and portfolio managementSupervised learning classification-based models for credit default risk prediction, fraud detection, and trading strategiesDimensionality reduction techniques with case studies in portfolio management, trading strategy, and yield curve constructionAlgorithms and clustering techniques for finding similar objects, with case studies in trading strategies and portfolio managementReinforcement learning models and techniques used for building trading strategies, derivatives hedging, and portfolio managementNLP techniques using Python libraries such as NLTK and scikit-learn for transforming text into meaningful representations
Machine Learning for Algorithmic Trading: Predictive models to extract signals from market and alternative data for systematic trading strategies with Python, 2nd Edition
by Stefan JansenLeverage machine learning to design and back-test automated trading strategies for real-world markets using pandas, TA-Lib, scikit-learn, LightGBM, SpaCy, Gensim, TensorFlow 2, Zipline, backtrader, Alphalens, and pyfolio.Purchase of the print or Kindle book includes a free eBook in the PDF format.Key FeaturesDesign, train, and evaluate machine learning algorithms that underpin automated trading strategiesCreate a research and strategy development process to apply predictive modeling to trading decisionsLeverage NLP and deep learning to extract tradeable signals from market and alternative dataBook DescriptionThe explosive growth of digital data has boosted the demand for expertise in trading strategies that use machine learning (ML). This revised and expanded second edition enables you to build and evaluate sophisticated supervised, unsupervised, and reinforcement learning models.This book introduces end-to-end machine learning for the trading workflow, from the idea and feature engineering to model optimization, strategy design, and backtesting. It illustrates this by using examples ranging from linear models and tree-based ensembles to deep-learning techniques from cutting edge research.This edition shows how to work with market, fundamental, and alternative data, such as tick data, minute and daily bars, SEC filings, earnings call transcripts, financial news, or satellite images to generate tradeable signals. It illustrates how to engineer financial features or alpha factors that enable an ML model to predict returns from price data for US and international stocks and ETFs. It also shows how to assess the signal content of new features using Alphalens and SHAP values and includes a new appendix with over one hundred alpha factor examples.By the end, you will be proficient in translating ML model predictions into a trading strategy that operates at daily or intraday horizons, and in evaluating its performance.What you will learnLeverage market, fundamental, and alternative text and image dataResearch and evaluate alpha factors using statistics, Alphalens, and SHAP valuesImplement machine learning techniques to solve investment and trading problemsBacktest and evaluate trading strategies based on machine learning using Zipline and BacktraderOptimize portfolio risk and performance analysis using pandas, NumPy, and pyfolioCreate a pairs trading strategy based on cointegration for US equities and ETFsTrain a gradient boosting model to predict intraday returns using AlgoSeek's high-quality trades and quotes dataWho this book is forIf you are a data analyst, data scientist, Python developer, investment analyst, or portfolio manager interested in getting hands-on machine learning knowledge for trading, this book is for you. This book is for you if you want to learn how to extract value from a diverse set of data sources using machine learning to design your own systematic trading strategies.Some understanding of Python and machine learning techniques is required.
Machine Learning for Asset Management: New Developments and Financial Applications
by Emmanuel JurczenkoThis new edited volume consists of a collection of original articles written by leading financial economists and industry experts in the area of machine learning for asset management. The chapters introduce the reader to some of the latest research developments in the area of equity, multi-asset and factor investing. Each chapter deals with new methods for return and risk forecasting, stock selection, portfolio construction, performance attribution and transaction costs modeling. This volume will be of great help to portfolio managers, asset owners and consultants, as well as academics and students who want to improve their knowledge of machine learning in asset management.
Machine Learning for Business Analytics: Real-Time Data Analysis for Decision-Making
by Hemachandran K. Sayantan Khanra Raul V. Rodriguez Juan R. JaramilloMachine Learning is an integral tool in a business analyst’s arsenal because the rate at which data is being generated from different sources is increasing and working on complex unstructured data is becoming inevitable. Data collection, data cleaning, and data mining are rapidly becoming more difficult to analyze than just importing information from a primary or secondary source. The machine learning model plays a crucial role in predicting the future performance and results of a company. In real-time, data collection and data wrangling are the important steps in deploying the models. Analytics is a tool for visualizing and steering data and statistics. Business analysts can work with different datasets -- choosing an appropriate machine learning model results in accurate analyzing, forecasting the future, and making informed decisions. The global machine learning market was valued at $1.58 billion in 2017 and is expected to reach $20.83 billion in 2024 -- growing at a CAGR of 44.06% between 2017 and 2024. The authors have compiled important knowledge on machine learning real-time applications in business analytics. This book enables readers to get broad knowledge in the field of machine learning models and to carry out their future research work. The future trends of machine learning for business analytics are explained with real case studies. Essentially, this book acts as a guide to all business analysts. The authors blend the basics of data analytics and machine learning and extend its application to business analytics. This book acts as a superb introduction and covers the applications and implications of machine learning. The authors provide first-hand experience of the applications of machine learning for business analytics in the section on real-time analysis. Case studies put the theory into practice so that you may receive hands-on experience with machine learning and data analytics. This book is a valuable source for practitioners, industrialists, technologists, and researchers.
Machine Learning for Business Analytics: Real-Time Data Analysis for Decision-Making
by Hemachandran K. Sayantan Khanra Raul V. Rodriguez Juan R. JaramilloMachine Learning is an integral tool in a business analyst’s arsenal because the rate at which data is being generated from different sources is increasing and working on complex unstructured data is becoming inevitable. Data collection, data cleaning, and data mining are rapidly becoming more difficult to analyze than just importing information from a primary or secondary source. The machine learning model plays a crucial role in predicting the future performance and results of a company. In real-time, data collection and data wrangling are the important steps in deploying the models. Analytics is a tool for visualizing and steering data and statistics. Business analysts can work with different datasets -- choosing an appropriate machine learning model results in accurate analyzing, forecasting the future, and making informed decisions. The global machine learning market was valued at $1.58 billion in 2017 and is expected to reach $20.83 billion in 2024 -- growing at a CAGR of 44.06% between 2017 and 2024. The authors have compiled important knowledge on machine learning real-time applications in business analytics. This book enables readers to get broad knowledge in the field of machine learning models and to carry out their future research work. The future trends of machine learning for business analytics are explained with real case studies. Essentially, this book acts as a guide to all business analysts. The authors blend the basics of data analytics and machine learning and extend its application to business analytics. This book acts as a superb introduction and covers the applications and implications of machine learning. The authors provide first-hand experience of the applications of machine learning for business analytics in the section on real-time analysis. Case studies put the theory into practice so that you may receive hands-on experience with machine learning and data analytics. This book is a valuable source for practitioners, industrialists, technologists, and researchers.
Machine Learning for Econometrics and Related Topics (Studies in Systems, Decision and Control #508)
by Vladik Kreinovich Songsak Sriboonchitta Woraphon YamakaIn the last decades, machine learning techniques – especially techniques of deep learning – led to numerous successes in many application areas, including economics. The use of machine learning in economics is the main focus of this book; however, the book also describes the use of more traditional econometric techniques. Applications include practically all major sectors of economics: agriculture, health (including the impact of Covid-19), manufacturing, trade, transportation, etc. Several papers analyze the effect of age, education, and gender on economy – and, more generally, issues of fairness and discrimination.We hope that this volume will:help practitioners to become better knowledgeable of the state-of-the-art econometric techniques, especially techniques of machine learning,and help researchers to further develop these important research directions. We want to thank all the authors for their contributions and all anonymous referees for their thorough analysis and helpful comments.
Machine Learning for Factor Investing: R Version (Chapman and Hall/CRC Financial Mathematics Series)
by Tony Guida Guillaume CoqueretMachine learning (ML) is progressively reshaping the fields of quantitative finance and algorithmic trading. ML tools are increasingly adopted by hedge funds and asset managers, notably for alpha signal generation and stocks selection. The technicality of the subject can make it hard for non-specialists to join the bandwagon, as the jargon and coding requirements may seem out of reach. Machine Learning for Factor Investing: R Version bridges this gap. It provides a comprehensive tour of modern ML-based investment strategies that rely on firm characteristics. The book covers a wide array of subjects which range from economic rationales to rigorous portfolio back-testing and encompass both data processing and model interpretability. Common supervised learning algorithms such as tree models and neural networks are explained in the context of style investing and the reader can also dig into more complex techniques like autoencoder asset returns, Bayesian additive trees, and causal models. All topics are illustrated with self-contained R code samples and snippets that are applied to a large public dataset that contains over 90 predictors. The material, along with the content of the book, is available online so that readers can reproduce and enhance the examples at their convenience. If you have even a basic knowledge of quantitative finance, this combination of theoretical concepts and practical illustrations will help you learn quickly and deepen your financial and technical expertise.
Machine Learning for Finance: The practical guide to using data-driven algorithms in banking, insurance, and investments
by Jannes KlaasPlan and build useful machine learning systems for financial services, with full working Python codeKey FeaturesBuild machine learning systems that will be useful across the financial services industryDiscover how machine learning can solve finance industry challengesGain the machine learning insights and skills fintech companies value mostBook DescriptionMachine learning skills are essential for anybody working in financial data analysis. Machine Learning for Finance shows you how to build machine learning models for use in financial services organizations. It shows you how to work with all the key machine learning models, from simple regression to advanced neural networks.You will see how to use machine learning to automate manual tasks, identify and address systemic bias, and find new insights and patterns hidden in available data. Machine Learning for Finance encourages and equips you to find new ways to use data to serve an organization’s business goals.Broad in scope yet deeply practical in approach, Machine Learning for Finance will help you to apply machine learning in all parts of a financial organization’s infrastructure. If you work or plan to work in fintech, and want to gain one of the most valuable skills in the sector today, this book is for you.What you will learnPractical machine learning for the finance sectorBuild machine learning systems that support the goals of financial organizationsThink creatively about problems and how machine learning can solve themIdentify and reduce sources of bias from machine learning modelsApply machine learning to structured data, natural language, photographs, and written text related to financeUse machine learning to detect fraud, forecast financial trends, analyze customer sentiments, and moreImplement heuristic baselines, time series, generative models, and reinforcement learning in Python, scikit-learn, Keras, and TensorFlowWho this book is forMachine Learning for Finance is for financial professionals who want to develop and apply machine learning skills, and for students entering the field. You should be comfortable with Python and the basic data science stack, such as NumPy, pandas, and Matplotlib, to get the most out of this book.