Skip to main content

Neural Networks in Finance

Gaining Predictive Edge in the Market

  • 1st Edition - December 22, 2004
  • Author: Paul D. McNelis
  • Language: English
  • Hardback ISBN:
    9 7 8 - 0 - 1 2 - 4 8 5 9 6 7 - 8
  • eBook ISBN:
    9 7 8 - 0 - 0 8 - 0 4 7 9 6 5 - 1

This book explores the intuitive appeal of neural networks and the genetic algorithm in finance. It demonstrates how neural networks used in combination with evolutionary… Read more

Neural Networks in Finance

Purchase options

Limited Offer

Save 50% on book bundles

Immediately download your ebook while waiting for your print delivery. No promo code is needed.

Book bundle cover eBook and print

Institutional subscription on ScienceDirect

Request a sales quote
This book explores the intuitive appeal of neural networks and the genetic algorithm in finance. It demonstrates how neural networks used in combination with evolutionary computation outperform classical econometric methods for accuracy in forecasting, classification and dimensionality reduction. McNelis utilizes a variety of examples, from forecasting automobile production and corporate bond spread, to inflation and deflation processes in Hong Kong and Japan, to credit card default in Germany to bank failures in Texas, to cap-floor volatilities in New York and Hong Kong.