Machine Learning for Finance (eBook)

Plan and build useful machine learning systems for financial services, with full working Python code

Key Features:

Build 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 most

Book Description:

Machine 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 learn:

Practical 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 TensorFlow

Who this book is for:

Machine 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.

Jannes Klaas is a quantitative researcher with a background in economics and finance. Currently a graduate student at Oxford University, he previously led two machine learning bootcamps and worked with several financial companies on data driven applications and trading strategies. His active research interests include systemic risk as well as large-scale automated knowledge discovery.

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A guide to advances in machine learning for financial professionals, with working Python codeKey FeaturesExplore advances in machine learning and how to put them to work in financial industriesClear explanation and expert discussion of how machine learning works, with an emphasis on financial applicationsDeep coverage of advanced machine learning approaches including neural networks, GANs, and reinforcement learningBook DescriptionMachine Learning for Finance explores new advances in machine learning and shows how they can be applied across the financial sector, including in insurance, transactions, and lending. It explains the concepts and algorithms behind the main machine learning techniques and provides example Python code for implementing the models yourself.The book is based on Jannes Klaas' experience of running machine learning training courses for financial professionals. Rather than providing ready-made financial algorithms, the book focuses on the advanced ML concepts and ideas that can be applied in a wide variety of ways.The book shows how machine learning works on structured data, text, images, and time series. It includes coverage of generative adversarial learning, reinforcement learning, debugging, and launching machine learning products. It discusses how to fight bias in machine learning and ends with an exploration of Bayesian inference and probabilistic programming.What you will learnApply machine learning to structured data, natural language, photographs, and written textHow machine learning can 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 TensorFlowDig deep into neural networks, examine uses of GANs and reinforcement learningDebug machine learning applications and prepare them for launchAddress bias and privacy concerns in machine learningWho this book is forThis book is ideal for readers who understand math and Python, and want to adopt machine learning in financial applications. The book assumes college-level knowledge of math and statistics.