Re: neural nets

Posted by Ferdinando M. Ametrano-2 on Jan 20, 2002; 5:05am
URL: http://quantlib.414.s1.nabble.com/neural-nets-tp1844p1846.html

Ben wrote:
>I think the idea is more that the neural network looks for long term
>trends which might not be apparent.  Personally I think the only reason
>technical analysis works anyway is because of the psychological effects -
>for instance when a major resistance level is broken through- even if we
>are spotting trends which most people havent found, then the herding
>effect isnt likeley to be there.  That limits their use straight away IMHO.

I'm probably preaching to the choir, but there are 3 types of Quantitative
analysis: fundamental analysis, technical analysis and
derivative-pricing/financial-engineering.
QuantLib is about the latter.

ciao -- Nando