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Probabilistic Machine Learning for Finance and Investing: A Primer to the Next Generation of AI with Python by Deepak K. Kanungo at Abbey's Bookshop,
Probabilistic Machine Learning for Finance and Investing: A Primer to the Next Generation of AI with Python...
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Deepak K. Kanungo

Probabilistic Machine Learning for Finance and Investing

A Primer to the Next Generation of AI with Python

Deepak K. Kanungo

$152

Paperback

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English
O'Reilly Media
25 August 2023
Machine learning
Whether based on academic theories or machine learning strategies, all financial models are at the mercy of modeling errors that can be mitigated but not eliminated. Probabilistic ML technologies are based on a simple and intuitive definition of probability and the rigorous calculus of probability theory. These systems treat uncertainties and errors of financial and investing systems as features, not bugs. And they quantify uncertainty generated from inexact inputs and outputs as probability distributions, not point estimates. This makes for realistic financial inferences and predictions that are useful for decision-making and risk management. These systems are capable of warning us when their inferences and predictions are no longer useful in the current market environment. Probabilistic ML is the next generation ML framework and technology for AI-powered financial and investing systems for many reasons. By moving away from flawed statistical methodologies (and a restrictive conventional view of probability as a limiting frequency), you'll move toward an intuitive view of probability as a mathematically rigorous statistical framework that quantifies uncertainty holistically and successfully. This book shows you how.
By:  
Imprint:   O'Reilly Media
Country of Publication:   United States
Dimensions:   Height: 233mm,  Width: 178mm, 
ISBN:   9781492097679
ISBN 10:   1492097675
Pages:   200
Publication Date:  
Audience:   General/trade
Format:   Paperback
Publisher's Status:   Active

Deepak Kanungo is an algorithmic derivatives trader, instructor, and CEO of Hedged Capital LLC, an AI-powered proprietary trading company. Since 2019, Deepak has taught tens of thousands of O'Reilly Media subscribers worldwide the concepts, processes, and machine learning technologies for algorithmic trading, investing and finance with Python. In 2005, long before machine learning was an industry buzzword, Deepak invented a probabilistic machine learning method and software system for managing the risks and returns of project portfolios. It is a unique probabilistic framework that has been cited by IBM and Accenture, among others. Previously, Deepak was a financial advisor at Morgan Stanley, a Silicon Valley fintech entrepreneur, a director in the Global Planning Department at Mastercard International and a senior analyst with Diamond Technology Partners.

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