Financial applications of machine learning using R software

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, we analyses the limitations of machine learning methods, and then provides some suggestions on the choice of methods in financial applications. We refer the reader to the R libraries 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 C5 G23 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-ban, nep-big and nep-cmp
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:119998

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