Quote
M. Herdt and H. Schulte-Mattler, “AI in the Banking Industry—On the Ability to Forecast Long-Term Stock Market Returns Using Neural Networks,” Die Bank: Journal of Banking Policy and Practice, no. 3, pp. 44–50, 2023.
Content
Banks are facing a revolutionary change due to the dramatically increasing opportunities offered by the use of artificial intelligence (AI). The areas of application for AI technologies are diverse. They automate processes, minimize risks and improve decision-making. The authors show that simple artificial neural networks (ANNs) can predict stock market returns better than traditional regression analyses.