
The Predictive Edge
Outsmart the Market using Generative AI and ChatGPT in Financial Forecasting
Alejandro Lopez-Lira(Author)
Wiley (Publisher)
1st Edition
Will be published approx. on 1. July 2024
Book
Hardback
272 pages
978-1-394-24271-9 (ISBN)
Description
Use ChatGPT to improve your analysis of stock markets and securities
In The Predictive Edge: Outsmart the Market Using Generative AI and ChatGPT in Financial Forecasting, renowned AI and finance researcher Dr. Alejandro Lopez-Lira delivers an engaging and insightful new take on how to use large language models (LLMs) like ChatGPT to find new investment opportunities and make better trading decisions. In the book, you'll learn how to interpret the outputs of LLMs to craft sounder trading strategies and incorporate market sentiment into your analyses of individual securities.
In addition to a complete and accessible explanation of how ChatGPT and other LLMs work, you'll find:
Discussions of future trends in artificial intelligence and finance
Strategies for implementing new and soon-to-come AI tools into your investing strategies and processes
Techniques for analyzing market sentiment using ChatGPT and other AI tools
A can't-miss playbook for taking advantage of the full potential of the latest AI advancements, The Predictive Edge is a fully to-date and exciting exploration of the intersection of tech and finance. It will earn a place on the bookshelves of individual and professional investors everywhere.
In The Predictive Edge: Outsmart the Market Using Generative AI and ChatGPT in Financial Forecasting, renowned AI and finance researcher Dr. Alejandro Lopez-Lira delivers an engaging and insightful new take on how to use large language models (LLMs) like ChatGPT to find new investment opportunities and make better trading decisions. In the book, you'll learn how to interpret the outputs of LLMs to craft sounder trading strategies and incorporate market sentiment into your analyses of individual securities.
In addition to a complete and accessible explanation of how ChatGPT and other LLMs work, you'll find:
Discussions of future trends in artificial intelligence and finance
Strategies for implementing new and soon-to-come AI tools into your investing strategies and processes
Techniques for analyzing market sentiment using ChatGPT and other AI tools
A can't-miss playbook for taking advantage of the full potential of the latest AI advancements, The Predictive Edge is a fully to-date and exciting exploration of the intersection of tech and finance. It will earn a place on the bookshelves of individual and professional investors everywhere.
More details
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Product notice
sewn/stitched
Cloth over boards
Dimensions
Height: 233 mm
Width: 156 mm
Thickness: 29 mm
Weight
502 gr
ISBN-13
978-1-394-24271-9 (9781394242719)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Alejandro Lopez-Lira
The Predictive Edge
Outsmart the Market using Generative AI and ChatGPT in Financial Forecasting
E-Book
07/2024
1st Edition
Wiley
from
€22.99
Available for download

Alejandro Lopez-Lira
The Predictive Edge
Outsmart the Market using Generative AI and ChatGPT in Financial Forecasting
E-Book
07/2024
1st Edition
Wiley
from
€22.99
Available for download
Person
ALEJANDRO LOPEZ-LIRA, PHD, is an Assistant Professor of Finance at the University of Florida. His award-winning research is focused on machine learning and textual analysis and he has a lengthy background in finance from renowned institutions. He was the recipient of the 2023 BlackRock Best Paper Prize for the research underpinning this book.
Content
Preface ix
Introduction xi
Part I Fundamentals 1
Chapter 1 Understanding the Stock Market 3
Chapter 2 Understanding Artificial Intelligence 27
Chapter 3 Large Language Models: A Game Changer 51
Chapter 4 Advanced Topics in LLMs 71
Part II ChatGPT and Stock Prediction 87
Chapter 5 What Is ChatGPT? 89
Chapter 6 Can ChatGPT Forecast Stock Price Movements? 121
Chapter 7 Implementing a ChatGPT Trading Strategy: A Step-by-Step Guide 135
Chapter 8 ChatGPT in Action: Practical Applications 157
Part III Envisioning a Financial Future with AI 175
Chapter 9 The Future of AI in Financial Forecasting 177
Chapter 10 How AI Is Shaping Our Economic Future 191
Appendix: Check Your Understanding Answers 211
References 229
Acknowledgments 233
About the Author 235
Index 237
Introduction xi
Part I Fundamentals 1
Chapter 1 Understanding the Stock Market 3
Chapter 2 Understanding Artificial Intelligence 27
Chapter 3 Large Language Models: A Game Changer 51
Chapter 4 Advanced Topics in LLMs 71
Part II ChatGPT and Stock Prediction 87
Chapter 5 What Is ChatGPT? 89
Chapter 6 Can ChatGPT Forecast Stock Price Movements? 121
Chapter 7 Implementing a ChatGPT Trading Strategy: A Step-by-Step Guide 135
Chapter 8 ChatGPT in Action: Practical Applications 157
Part III Envisioning a Financial Future with AI 175
Chapter 9 The Future of AI in Financial Forecasting 177
Chapter 10 How AI Is Shaping Our Economic Future 191
Appendix: Check Your Understanding Answers 211
References 229
Acknowledgments 233
About the Author 235
Index 237