ChatGPT may be able to predict inventory movements, finance professor reveals

Important Factors

Alejandro Lopez-Lira, a finance professor at the College of Florida, suggests that significant language versions could be practical when forecasting inventory rates.
He employed ChatGPT to parse information headlines for whether or not they are superior or undesirable for a inventory, and observed that ChatGPT’s means to predict the route of the up coming day’s returns have been substantially better than random.
Lopez-Lira said he was surprised by the outcomes, including they advise that sophisticated traders aren’t using ChatGPT-design device finding out in their trading approaches yet.

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