- Neural networks are a set of algorithms that mimic the work of the brain of animals to recognize the relationships between huge amounts of data. “Thus, they tend to resemble the connections of neurons and synapses in the brain.
- They are used in a variety of financial services applications, from forecasting and market research to fraud detection and risk assessment.
- Neural networks with multiple layers of processes are known as “deep” networks and are used for deep learning algorithms.
- The success of neural networks for stock market price prediction varies.