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

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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