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Neural Nets and Fixed Income Strategies
Sep 1, 1994
Neural nets have gained wide publicity over the past few years through their application to a spectrum of investment problems. Called by John Denker "the second best way of doing just about anything," neural nets have proven themselves to be a powerful analytic tool in problems involving high signal-to-noise ratios. But in problems of low signal-to-noise ratios, in particular the search for investment strategies, their applicability is controversial.