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2016 | OriginalPaper | Buchkapitel

1. A Review of Artificially Intelligent Applications in the Financial Domain

verfasst von : Swapnaja Gadre-Patwardhan, Vivek V. Katdare, Manish R. Joshi

Erschienen in: Artificial Intelligence in Financial Markets

Verlag: Palgrave Macmillan UK

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Abstract

One of the major problems the finance domain faces is the uncertain and nonlinear changes in data with respect to time. There is an urgent necessity to tackle such time-dependent uncertainties. Traditional models have difficulty in resolving these problems. Contemporary models using artificial intelligence techniques are found to be a better solution. Artificial intelligence techniques such as artificial neural network (ANN), expert systems (ES) and hybrid intelligence system (HIS) are being applied to many aspects of finance domain including portfolio management, fraud detection, bankruptcy, stock management, risk management.
Here, we review research work depicting use of artificial intelligence in finance management by comparing various artificial intelligence techniques. It is observed that artificial intelligent methods are more accurate when compared to traditional statistical methods. This review would be helpful to the researchers planning to explore the interdisciplinary field of computational finance.

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Metadaten
Titel
A Review of Artificially Intelligent Applications in the Financial Domain
verfasst von
Swapnaja Gadre-Patwardhan
Vivek V. Katdare
Manish R. Joshi
Copyright-Jahr
2016
DOI
https://doi.org/10.1057/978-1-137-48880-0_1