From the course: Leveraging Generative AI in Finance and Accounting
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Understanding generative models
From the course: Leveraging Generative AI in Finance and Accounting
Understanding generative models
- Welcome to a journey into the future of financial planning and analysis, a future where the complexities of financial models are unraveled through intuitive conversations with intelligent systems. Think of generative models as your new financial oracle, but one that speaks your language. Intrigued? Let's peel back the layers and delve into the underlying principles that make these models so revolutionary for financial planning and analysis. At the core of generative models are algorithms, specifically, neural networks that are designed to understand data in a way that mimics human cognition. These neural networks are trained on vast datasets, but unlike traditional machine learning models that make predictions based on input data, generative models can create new data that wasn't in their training set. Think of a neural network as a complex web of interconnected nodes each representing a mathematical function.…
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