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Machine Learning for Finance

You're reading from   Machine Learning for Finance Principles and practice for financial insiders

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Product type Paperback
Published in May 2019
Publisher Packt
ISBN-13 9781789136364
Length 456 pages
Edition 1st Edition
Languages
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Authors (2):
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Jannes Klaas Jannes Klaas
Author Profile Icon Jannes Klaas
Jannes Klaas
James Le James Le
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James Le
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Table of Contents (15) Chapters Close

Machine Learning for Finance
Contributors
Preface
Other Books You May Enjoy
1. Neural Networks and Gradient-Based Optimization 2. Applying Machine Learning to Structured Data FREE CHAPTER 3. Utilizing Computer Vision 4. Understanding Time Series 5. Parsing Textual Data with Natural Language Processing 6. Using Generative Models 7. Reinforcement Learning for Financial Markets 8. Privacy, Debugging, and Launching Your Products 9. Fighting Bias 10. Bayesian Inference and Probabilistic Programming Index

The data


The dataset we will work with is a synthetic dataset of transactions generated by a payment simulator. The goal of this case study and the focus of this chapter is to find fraudulent transactions within a dataset, a classic machine learning problem many financial institutions deal with.

Note

Note: Before we go further, a digital copy of the code, as well as an interactive notebook for this chapter are accessible online, via the following two links:

An interactive notebook containing the code for this chapter can be found under https://www.kaggle.com/jannesklaas/structured-data-code

The code can also be found on GitHub, in this book's repository: https://github.com/PacktPublishing/Machine-Learning-for-Finance

The dataset we're using stems from the paper PaySim: A financial mobile money simulator for fraud detection, by E. A. Lopez-Rojas, A. Elmir, and S. Axelsson. The dataset can be found on Kaggle under this URL: https://www.kaggle.com/ntnu-testimon/paysim1.

Before we break it down...

You have been reading a chapter from
Machine Learning for Finance
Published in: May 2019
Publisher: Packt
ISBN-13: 9781789136364
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