Can Machine Learning Produce Superior Stock Market Predictions?

Описание: Machine learning powers incredible AI technologies such as ChatGPT and Midjourney. But many financial professionals are skeptical that machine learning models can ever predict the directions of stocks. In this video, Jin explains why financial pros hold that belief, and present an important paper that challenges that belief. To accept that machine learning models CAN predict stocks, we need to rethink how we view the obstacle known as 'overfitting', and re-examine our reliance on the 'R-squared' metric for evaluating statistical models.

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00:00 Introduction
00:19 The challenge of overfitting in financial data
02:14 Machine learning performance in simulated markets
04:27 Common mistakes in evaluating models
05:46 Machine learning performance with real market data
06:32 Implications of being able to apply machine learning in financial markets
07:50 Bloopers

Disclaimer: This video is for educational purposes only. It doesn't constitute advice.