JPM’s machine learning guide

1. Banks will need to hire excellent data scientists who also understand how markets work

4. An army of people will be needed to acquire, clean, and assess the data

5. There are different kinds of machine learning. And they are used for different purposes

6. Supervised learning will be used to make trend-based predictions using sample data

7. Unsupervised learning will be used to identify relationships between a large number of variables

8. Deep learning systems will undertake tasks that are hard for people to define but easy to perform

9. Reinforcement learning will be used to choose a successive course of actions to maximize the final reward

10. You won’t need to be a machine learning expert, you will need to be an excellent quant and an excellent programmer

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