AI & Machine Learning in Finance: “Does more data mean better forecasts?”
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Investors are inundated with more data than ever before. What does an influx of “high-dimensional data” mean for financial forecasting, asset pricing and investment?
In this episode, Thierry Foucault, Professor of Finance at HEC Paris, talks about the growth of alternative data. He presents evidence from his research about the effects of alternative data on the quality of securities analysts' forecasts and its implications for the real economy.
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