What role do neural networks play in financial forecasting?

What role do neural networks play in financial forecasting?

Step 1: Understand what neural networks are. They are computer systems that mimic the way the human brain works.
Step 2: Learn that neural networks can process large amounts of data quickly.
Step 3: Recognize that financial forecasting involves predicting future market trends based on past data.
Step 4: Realize that neural networks can analyze historical financial data, such as stock prices and economic indicators.
Step 5: Understand that by finding patterns in this data, neural networks can make predictions about future market behavior.
Step 6: Know that these predictions can help investors make informed decisions about buying or selling assets.

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