FINTECH FINAL - MACHINE LEARNING AND FINANCE
QUESTIONS WITH DETAILED VERIFIED AND 100%
ACCURATE ANSWERS
// Start class 7: __ __ is simulation of human intelligence by machines
Correct Answers artificial intelligence
what 3 cognitive skills does AI focus on? Correct Answers learning,
reasoning, self-correction
what are some general applications of AI? Correct Answers 1 marketing
2. healthcare
3. self-driving vehicles
4. artifical creativity
what are some applications of AI in finance? Correct Answers 1
investment
2. lending
3. banking
4. fraud detection
5. insurance
6. undewriting
• The output of machine learning is often a ___
• The output of data science is mostly __ from __ Correct Answers
prediction
,insights from data
what are the 3 types of machine learning? Correct Answers • Supervised
Learning
• Unsupervised Learning
• Deep Learning and Neural Network
what are the two main purposes for performing data analysis? Correct
Answers inference and prediction
• ____: When we want to find the effect of X on Y. (We care
about causality here.)
• ____: When we want to use X to predict Y. (Causality is not
the main focus here.) Correct Answers inference
prediction
In general, policy makers and researchers are mostly
interested in ___, because they want to understand
the impact of certain policies. Correct Answers inference
, what are some tools used for inference? Correct Answers randomized
control trials, instrumental variables, regression discontinuity design,
diff-in-diff.
inference analysis harder than prediction analysis
what tool is used in prediction? Correct Answers Machine learning is a
collection of statistical
tools that are used for prediction.
__ Is the core of most financial services Correct Answers prediction
__ ___ enables computers to learn through using
algorithms and statistical model without using
explicit instructions
The learning process happens by analyzing and
extracting patterns from data rather than following
specific instructions imposed to the machine Correct Answers machine
learning
If we want to predict a specific outcome (default, success,
stock returns,...) then we want to use _____ learning
tools. Correct Answers supervised
QUESTIONS WITH DETAILED VERIFIED AND 100%
ACCURATE ANSWERS
// Start class 7: __ __ is simulation of human intelligence by machines
Correct Answers artificial intelligence
what 3 cognitive skills does AI focus on? Correct Answers learning,
reasoning, self-correction
what are some general applications of AI? Correct Answers 1 marketing
2. healthcare
3. self-driving vehicles
4. artifical creativity
what are some applications of AI in finance? Correct Answers 1
investment
2. lending
3. banking
4. fraud detection
5. insurance
6. undewriting
• The output of machine learning is often a ___
• The output of data science is mostly __ from __ Correct Answers
prediction
,insights from data
what are the 3 types of machine learning? Correct Answers • Supervised
Learning
• Unsupervised Learning
• Deep Learning and Neural Network
what are the two main purposes for performing data analysis? Correct
Answers inference and prediction
• ____: When we want to find the effect of X on Y. (We care
about causality here.)
• ____: When we want to use X to predict Y. (Causality is not
the main focus here.) Correct Answers inference
prediction
In general, policy makers and researchers are mostly
interested in ___, because they want to understand
the impact of certain policies. Correct Answers inference
, what are some tools used for inference? Correct Answers randomized
control trials, instrumental variables, regression discontinuity design,
diff-in-diff.
inference analysis harder than prediction analysis
what tool is used in prediction? Correct Answers Machine learning is a
collection of statistical
tools that are used for prediction.
__ Is the core of most financial services Correct Answers prediction
__ ___ enables computers to learn through using
algorithms and statistical model without using
explicit instructions
The learning process happens by analyzing and
extracting patterns from data rather than following
specific instructions imposed to the machine Correct Answers machine
learning
If we want to predict a specific outcome (default, success,
stock returns,...) then we want to use _____ learning
tools. Correct Answers supervised
