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Federated Learning (FL) is a variant of distributed learning where edge devices collaborate to learn a model without sharing their data with the central server or each other. We refer to the process of training multiple independent models…

Machine Learning · Computer Science 2022-09-22 Neelkamal Bhuyan , Sharayu Moharir , Gauri Joshi

Federated learning is a popular paradigm for machine learning. Ideally, federated learning works best when all clients share a similar data distribution. However, it is not always the case in the real world. Therefore, the topic of…

Machine Learning · Computer Science 2022-12-20 Yuchuan Huang , Chen Hu

When firms want to buy back their own shares, they have a choice between several alternatives. If they often carry out open market repurchase, they also increasingly rely on banks through complex buyback contracts involving option…

Computational Finance · Quantitative Finance 2019-11-05 Olivier Guéant , Iuliia Manziuk , Jiang Pu

The exponential growth of volume, variety and velocity of data is raising the need for investigations of automated or semi-automated ways to extract useful patterns from the data. It requires deep expert knowledge and extensive…

Machine Learning · Computer Science 2020-07-22 Abbas Raza Ali , Marcin Budka , Bogdan Gabrys

Portfolio management is a fundamental problem in finance. It involves periodic reallocations of assets to maximize the expected returns within an appropriate level of risk exposure. Deep reinforcement learning (RL) has been considered a…

Computational Finance · Quantitative Finance 2022-10-05 Hui Niu , Siyuan Li , Jian Li

Federated learning utilizes various resources provided by participants to collaboratively train a global model, which potentially address the data privacy issue of machine learning. In such promising paradigm, the performance will be…

Machine Learning · Computer Science 2021-06-30 Rongfei Zeng , Chao Zeng , Xingwei Wang , Bo Li , Xiaowen Chu

Financial portfolio management describes the task of distributing funds and conducting trading operations on a set of financial assets, such as stocks, index funds, foreign exchange or cryptocurrencies, aiming to maximize the profit while…

Federated learning is a distributed machine learning paradigm where multiple data owners (clients) collaboratively train one machine learning model while keeping data on their own devices. The heterogeneity of client datasets is one of the…

Machine Learning · Computer Science 2021-08-18 Ye Xue , Diego Klabjan , Yuan Luo

Algorithms are increasingly common components of high-impact decision-making, and a growing body of literature on adversarial examples in laboratory settings indicates that standard machine learning models are not robust. This suggests that…

Machine Learning · Statistics 2018-11-28 Suproteem K. Sarkar , Kojin Oshiba , Daniel Giebisch , Yaron Singer

Federated learning (FL) is the most popular distributed machine learning technique. FL allows machine-learning models to be trained without acquiring raw data to a single point for processing. Instead, local models are trained with local…

Machine Learning · Computer Science 2023-02-06 Qun Li , Chandra Thapa , Lawrence Ong , Yifeng Zheng , Hua Ma , Seyit A. Camtepe , Anmin Fu , Yansong Gao

We propose a novel method to improve estimation of asset returns for portfolio optimization. This approach first performs a monthly directional market forecast using an online decision tree. The decision tree is trained on a novel set of…

Portfolio Management · Quantitative Finance 2026-04-07 Nolan Alexander , William Scherer

Despite its great success, machine learning can have its limits when dealing with insufficient training data. A potential solution is the additional integration of prior knowledge into the training process which leads to the notion of…

In Machine Learning scenarios, privacy is a crucial concern when models have to be trained with private data coming from users of a service, such as a recommender system, a location-based mobile service, a mobile phone text messaging…

Machine Learning · Computer Science 2020-07-20 Vito Walter Anelli , Yashar Deldjoo , Tommaso Di Noia , Antonio Ferrara

Decision Trees and Random Forests are among the most widely used machine learning models, and often achieve state-of-the-art performance in tabular, domain-agnostic datasets. Nonetheless, being primarily discriminative models they lack…

Machine Learning · Statistics 2020-07-14 Alvaro H. C. Correia , Robert Peharz , Cassio de Campos

Federated Learning (FL) is a machine learning technique that enables multiple entities to collaboratively learn a shared model without exchanging their local data. Over the past decade, FL systems have achieved substantial progress, scaling…

Machine Learning · Computer Science 2025-03-04 Katharine Daly , Hubert Eichner , Peter Kairouz , H. Brendan McMahan , Daniel Ramage , Zheng Xu

Recently, federated learning has raised increasing interest in the medical image analysis field due to its ability to aggregate multi-center data with privacy-preserving properties. A large amount of federated training schemes have been…

Computer Vision and Pattern Recognition · Computer Science 2024-10-24 Matthis Manthe , Stefan Duffner , Carole Lartizien

Federated Learning (FL) is a privacy-preserving distributed machine learning paradigm. Nonetheless, the substantial distribution shifts among clients pose a considerable challenge to the performance of current FL algorithms. To mitigate…

Machine Learning · Computer Science 2024-05-28 Yongxin Guo , Lin Wang , Xiaoying Tang , Tao Lin

Federated Learning (FL) is an evolving distributed machine learning approach that safeguards client privacy by keeping data on edge devices. However, the variation in data among clients poses challenges in training models that excel across…

Machine Learning · Computer Science 2025-03-04 Yongxin Guo , Xiaoying Tang , Tao Lin

Index funds are substantially preferred by investors nowadays, and market sensitivities are instrumental in managing index funds. An index fund is a mutual fund aiming to track the returns of a predefined market index (e.g., the S&P 500). A…

Portfolio Management · Quantitative Finance 2022-12-20 Yoonsik Hong , Yanghoon Kim , Jeonghun Kim , Yongmin Choi

Class-incremental learning is becoming more popular as it helps models widen their applicability while not forgetting what they already know. A trend in this area is to use a mixture-of-expert technique, where different models work together…