After a very long break i decided to start writing again. It is very interesting to see that people are still answering on my questionnaire (see Links area) and every week i see more answers coming in....but more data is always welcome!
Since February i have been involved with yet another Data & Text Mining Application, namely predicting the financial markets by using financial - world news (the Text Mining side) and key financial indices (The Data Mining side). There are numerous blogs and entries i have found about this problem. One blog example is neural market trends and also a series of articles which i originally found in kdnuggets.
There is no question that such an application of Predictive Analytics in Financial Markets is interesting but also it can be (potentially) dangerous. However my experience so far on the subject has shown me that by a) getting a grip on the risk of a trading decision and b) using Predictive Analytics to make the trading decision, a user has more chances in making a successful trade.
On the next post, we will go through the data mining side of the problem.
Since February i have been involved with yet another Data & Text Mining Application, namely predicting the financial markets by using financial - world news (the Text Mining side) and key financial indices (The Data Mining side). There are numerous blogs and entries i have found about this problem. One blog example is neural market trends and also a series of articles which i originally found in kdnuggets.
There is no question that such an application of Predictive Analytics in Financial Markets is interesting but also it can be (potentially) dangerous. However my experience so far on the subject has shown me that by a) getting a grip on the risk of a trading decision and b) using Predictive Analytics to make the trading decision, a user has more chances in making a successful trade.
On the next post, we will go through the data mining side of the problem.
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