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.



Resource

Stocks making the biggest moves premarket: GM, Coca-Cola, 3M, Philip Morris & more
Finance

Stocks making the biggest moves premarket: GM, Coca-Cola, 3M, Philip Morris & more

Check out the companies making the biggest moves in premarket trading: General Motors — The Detroit automaker jumped 10.5% after raising its full-year guidance and posting an earnings beat. GM earned an adjusted $2.80 per share its third quarter, versus the $2.31 a share expected from analysts polled by LSEG. Revenue was $48.59 billion, compared […]

Read More
Stocks making the biggest moves midday: Apple, Cleveland-Cliffs, Oracle, KLA, Tempus AI and more
Finance

Stocks making the biggest moves midday: Apple, Cleveland-Cliffs, Oracle, KLA, Tempus AI and more

Check out the companies making the biggest moves midday: Apple — The Tim Cook-led company climbed 4% after the iPhone 17 series outsold the iPhone 16 series in China and the U.S. in the first 10 days of availability, according to Counterpoint research, and Loop Capital upgraded the stock to buy from hold, citing better-than-expected […]

Read More
Stocks making the biggest moves premarket: Cleveland-Cliffs, Liberty Energy, Hologic & more
Finance

Stocks making the biggest moves premarket: Cleveland-Cliffs, Liberty Energy, Hologic & more

Check out the companies making headlines before the bell. Cleveland-Cliffs — Shares jumped 10.5% as the steel company posted its third-quarter results. Cleveland-Cliffs reported adjusted EBITDA of $143 million, topping a FactSet estimate of $127.9 million. The company also issued capital expenditures guidance of around $525 million for the year, less than a prior forecast […]

Read More