Applications of deep learning networks

Terry Benzschawel

Having presented an overview of deep learning networks, we now consider some applications of deep learning technologies. The studies described in this chapter use natural language processing (NLP) to predict corporate bond prices.11 As before, the examples necessarily contain work done by me and colleagues, as these are the only models to which we have access. Incidentally, a “natural language” is one that has developed over time (as contrasted with an artificial language or computer code). NLP is an interdisciplinary subfield of linguistics, computer science and artificial intelligence concerned with the interactions between computers and human language. In particular, NLP applications program computers to process and analyse large amounts of natural language data. In several studies cited below, NLP applications used sentiment data on bond-issuing firms to predict corporate bond prices. While not all of these studies were successful at price prediction, they can be used to trace the application of sentiment data from relatively simple models to very complex ones. Our discussion of these studies is preceded by an overview of NLP methods.

14.1 AN OVERVIEW OF NATURAL LANGUAGE

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