Probabilistic Machine Learning for Finance and Investing
Probabilistic Machine Learning for Finance and Investing
English | 2023 | ISBN: 9781492097662 | 217 Pages | EPUB (True) | 5 MB
English | 2023 | ISBN: 9781492097662 | 217 Pages | EPUB (True) | 5 MB
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.