How to use machine learning in finance
Sami Mestiri
MPRA Paper from University Library of Munich, Germany
Abstract:
In the last years, the financial sector has seen an increase in the use of machine learning models in banking and insurance contexts. Advanced analytic teams in the financial community are implementing these models regularly. In this paper, i present the different Machine Learning techniques used, and provide some suggestions on the choice of methods in financial applications. We refer the reader to the R packages that can be used to compute the Machine learning methods
Keywords: Financial applications; Machine learning; R software. (search for similar items in EconPapers)
JEL-codes: C45 G00 (search for similar items in EconPapers)
Date: 2023-10
New Economics Papers: this item is included in nep-big, nep-cmp and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:120045
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