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Applications of Artificial Neural Networks in Economics and Finance

Applications of Artificial Neural Networks in Economics and Finance

Iva Mihaylova
Copyright: © 2019 |Pages: 12
ISBN13: 9781522573685|ISBN10: 1522573682|EISBN13: 9781522573692
DOI: 10.4018/978-1-5225-7368-5.ch073
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MLA

Mihaylova, Iva. "Applications of Artificial Neural Networks in Economics and Finance." Advanced Methodologies and Technologies in Artificial Intelligence, Computer Simulation, and Human-Computer Interaction, edited by Mehdi Khosrow-Pour, D.B.A., IGI Global, 2019, pp. 997-1008. https://doi.org/10.4018/978-1-5225-7368-5.ch073

APA

Mihaylova, I. (2019). Applications of Artificial Neural Networks in Economics and Finance. In M. Khosrow-Pour, D.B.A. (Ed.), Advanced Methodologies and Technologies in Artificial Intelligence, Computer Simulation, and Human-Computer Interaction (pp. 997-1008). IGI Global. https://doi.org/10.4018/978-1-5225-7368-5.ch073

Chicago

Mihaylova, Iva. "Applications of Artificial Neural Networks in Economics and Finance." In Advanced Methodologies and Technologies in Artificial Intelligence, Computer Simulation, and Human-Computer Interaction, edited by Mehdi Khosrow-Pour, D.B.A., 997-1008. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-7368-5.ch073

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Abstract

Artificial neural networks (ANNs) are a powerful technique for multivariate dependence analysis. Originally inspired by neuroscience, ANNs are becoming an increasingly attractive analytic tool for applications in the area of economics and finance due to the flexible solutions they offer. The purpose of this chapter is to present such important applications with an emphasis on recent research trends. The contributions are grouped as follows: ANNs (1) for prediction, (2) for classification, and (3) for modelling. The chapter concludes with the future trends in the ANNs research in economics and finance.

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