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Bridge over ocean
1 September 1992 Financial Analysts Journal Volume 48, Issue 5

Applying Artificial Neural Networks to Investment Analysis

  1. George S. Swales
  2. Young Yoon

Artificial neural network technology can be used to differentiate between stocks that perform well and those that perform poorly. This note compares the neural network results with the results of a more commonly used linear multiple discriminant analysis approach. The non-linear, nine-variable, artificial neural network model performed significantly better than the tested alternative.

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