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9 key probability distributions in data science: Easy explanation

Data Science Dojo

Imagine a basketball player with a 70% free throw success rate. Poisson distribution The Poisson distribution models the number of events occurring in a fixed interval of time or space, assuming a constant rate. In finance, this distribution is applied to model the prices of financial assets, such as stocks.

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Generative AI and multi-modal agents in AWS: The key to unlocking new value in financial markets

AWS Machine Learning Blog

The following are a few popular use cases: Smart reporting and market intelligence – AI can analyze various sources of financial information to generate market intelligence reports, aiding analysts, investors, and companies to stay updated on trends. Multi-modal models that understand diverse data sources can provide more robust forecasts.

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AI Data, Traditional Trading, and Modern Investments

Smart Data Collective

The market is constantly changing, which is why many professional analysts make careers out of studying it. By analyzing, identifying, and predicting these trends, analysts are able to help their clients minimize risk while enjoying large returns. In this article, we aim to find out! The Issues With the Traditional Approach.

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Managing Seasonal Fluctuations in Retail with Analytics

Smart Data Collective

Data Analyst Solomon Nyamson wrote an article on Linkedin pointing out that predictive analytics tools like Sarima have made it easier than ever to forecast retail sales due to seasonal changes. Having sufficient stock encourages the utilization of more available capacity and customer retention. Inventory management is also key.

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Rethinking finance through the potential of machine learning in asset pricing

Dataconomy

This cutting-edge technology allows financial analysts to develop more accurate and robust models that take into account a wider range of factors, including macroeconomic data, company fundamentals, and even news sentiment. As a result, financial analysts have turned to machine learning as a promising tool for improving asset pricing models.

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Impact of Machine Learning on the World of Online Trading

Smart Data Collective

One of the biggest changes brought on by machine learning has been with trading stocks , bonds, derivatives and other financial securities. Here are some ways that machine learning has helped improve the state of stock trading in a variety of ways. Some of those amongst the most popular are stocks, forex and cryptocurrencies.

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Data visualization, AI and supply chain

Cambridge Intelligence

It gives analysts the visibility they need to detect weak links, mitigate disruption and pre-empt threat. But for those borderline decisions that need sector experience or lateral thinking, your analysts need interactive data visualization tools to make the right calls that keep the supply chain safe.