AI and ML for Finance Practitioners

Topic 1: Introduction to Data Science & Big Data

Topic 2: Machine Learning: Introduction to Algorithms

Topic 3: Machine Learning: Regression,Support Vector Machine & Time Series Models

Topic 4: Machine Learning: Regularization, Regression Trees, Random Forest & Overfitting

Topic 5: Machine Learning: Classification & Clustering

Topic 6: Machine Learning: Performance Evaluation, Backtesting & False Discoveries

Topic 7: Data Mining & Machine Learning: Naïve Bayes & Text Mining

Topic 8: Big Data & Machine Learning: Ethical & Privacy Issues

Topic 9: Big Data & Machine Learning in the Financial Industry

Quiz LO 9.1.3

Test your knowledge of LO 9.1.3

25%

Question 1 of 4

1. Which category of machine learning algorithms does the following statement refer to?

Statement:
“XXXXXXX learning refers to the case where the decision/learning process is affected both by the inflow data and a reward scheme. In this case, the algorithm is fed an unlabelled set of data, selects an action for each data point, and receives feedback that encourages the algorithm to learn.”

Supervised learning

Unsupervised learning

Reinforcement learning

Deep learning

Question 1 of 4

Question 2 of 4

2. Is the following statement about ‘ the role of machine learning algorithms in determining causality vs. correlation ‘ generally correct?

Statement:
“Machine learning algorithms are only used to determine correlations and complex relationships as they are very low/not effective for determining causality. “

Not correct

Correct

Question 2 of 4

Question 3 of 4

3. Is the following definition about augmented intelligence generally correct?

Definition:
“Augmented intelligence refers to the expansion/integration of human capabilities through AI tools applied to some aspects of the business value chain.”

Not correct

Correct

Question 3 of 4

Question 4 of 4

4. Is the following definition about imitations of machine learning algorithms in determining causality and correlations generally correct?

Definition:
“While machine learning algorithms cannot determine causality, they are appropriate in identifying patterns that correlate with other events or patterns. The patterns that machine learning identifies are merely correlations, some of which are very complex.”

Not correct

Correct

Question 4 of 4

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