Traditional machine learning methods have been widely studied in financial innovation. My study focuses on the application of deep learning methods on asset pricing. I investigate various deep learning methods for asset pricing, especially for risk premia measurement. All models take the same set of predictive signals (firm characteristics, systematic risks and macroeconomics). I demonstrate high performance of all kinds of state-of-the-art (SOTA) deep learning methods, and figure out that RNNs with memory mechanism and attention have the best performance in terms of predictivity. Furthermore, I demonstrate large economic gains to investors using deep learning forecasts. The results of my comparative experiments highlight the importance of domain knowledge and financial theory when designing deep learning models. I also show return prediction tasks bring new challenges to deep learning. The time varying distribution causes distribution shift problem, which is essential for financial time series prediction. I demonstrate that deep learning methods can improve asset risk premium measurement. Due to the booming deep learning studies, they can constantly promote the study of underlying financial mechanisms behind asset pricing. I also propose a promising research method that learning from data and figuring out the underlying economic mechanisms through explainable artificial intelligence (AI) methods. My findings not only justify the value of deep learning in blooming fintech development, but also highlight their prospects and advantages over traditional machine learning methods.
Cervical cancer is one of the most common types of cancer found in females. It contributes to 6-29% of all cancers in women. It is caused by the Human Papilloma Virus (HPV). The 5-year survival chances of cervical cancer range from 17%-92% depending upon the stage at which it is detected. Early detection of this disease helps in better treatment and survival rate of the patient. Many deep learning algorithms are being used for the detection of cervical cancer these days. A special category of deep learning techniques known as Generative Adversarial Networks (GANs) are catching up with speed in the screening, detection, and classification of cervical cancer. In this work, we present a detailed analysis of the recent trends relating to the use of various GAN models, their applications, and the evaluation metrics used for their performance evaluation in the field of cervical cancer imaging.
EEG signals are complex and low-frequency signals. Therefore, they are easily influenced by external factors. EEG artifact removal is crucial in neuroscience because artifacts have a significant impact on the results of EEG analysis. The removal of ocular artifacts is the most challenging among these artifacts. In this study, a novel ocular artifact removal method is presented by developing bidirectional long-short term memory (BiLSTM)-based deep learning (DL) models. We created a benchmarking dataset to train and test proposed DL models by combining the EEGdenoiseNet and DEAP datasets. We also augmented the data by contaminating ground-truth clean EEG signals with EOG at various SNR levels. The BiLSTM network is then fed to features extracted from augmented signals using highly-localized time-frequency (TF) coefficients obtained by wavelet synchrosqueezed transform (WSST). We also compare the WSST-based DL model results with traditional TF analysis (TFA) methods namely short-time Fourier transformation (STFT) and continuous wavelet transform (CWT) as well as augmented raw signals. The best average MSE value of 0.3066 was obtained by the first time-proposed BiLSTM-based WSST-Net model. Our results demonstrated the WSST-Net model significantly improves artifact removal performance compared to traditional TF and raw signal methods. Also, the proposed EOG removal approach reveals that it outperforms many conventional and DL-based ocular artifact removal methods in the literature.
Background: Quantitative prediction of the adolescents' spherical equivalent based on their variable-length historical vision records. Methods: From October 2019 to March 2022, we examined binocular uncorrected visual acuity, axial length, corneal curvature, and axial of 75,172 eyes from 37,586 adolescents aged 6-20 years in Chengdu, China. 80\% samples consist of the training set and the remaining 20\% form the testing set. Time-Aware Long Short-Term Memory was used to quantitatively predict the adolescents' spherical equivalent within two and a half years. Result: The mean absolute prediction error on the testing set was 0.273-0.257 for spherical equivalent, ranging from 0.189-0.160 to 0.596-0.473 if we consider different lengths of historical records and different prediction durations. Conclusions: Time-Aware Long Short-Term Memory was applied to captured the temporal features in irregularly sampled time series, which is more in line with the characteristics of real data and thus has higher applicability, and helps to identify the progression of myopia earlier. The overall error 0.273 is much smaller than the criterion for clinically acceptable prediction, say 0.75.
The aftermath of air raids can still be seen for decades after the devastating events. Unexploded ordnance (UXO) is an immense danger to human life and the environment. Through the assessment of wartime images, experts can infer the occurrence of a dud. The current manual analysis process is expensive and time-consuming, thus automated detection of bomb craters by using deep learning is a promising way to improve the UXO disposal process. However, these methods require a large amount of manually labeled training data. This work leverages domain adaptation with moon surface images to address the problem of automated bomb crater detection with deep learning under the constraint of limited training data. This paper contributes to both academia and practice (1) by providing a solution approach for automated bomb crater detection with limited training data and (2) by demonstrating the usability and associated challenges of using synthetic images for domain adaptation.
Early detection of Alzheimer disease is crucial for deploying interventions and slowing the disease progression. A lot of machine learning and deep learning algorithms have been explored in the past decade with the aim of building an automated detection for Alzheimer. Advancements in data augmentation techniques and advanced deep learning architectures have opened up new frontiers in this field, and research is moving at a rapid speed. Hence, the purpose of this survey is to provide an overview of recent research on deep learning models for Alzheimer disease diagnosis. In addition to categorizing the numerous data sources, neural network architectures, and commonly used assessment measures, we also classify implementation and reproducibility. Our objective is to assist interested researchers in keeping up with the newest developments and in reproducing earlier investigations as benchmarks. In addition, we also indicate future research directions for this topic.
We suggest the first system that runs real-time semantic segmentation via deep learning on a weak micro-computer such as the Raspberry Pi Zero v2 (whose price was \$15) attached to a toy-drone. In particular, since the Raspberry Pi weighs less than $16$ grams, and its size is half of a credit card, we could easily attach it to the common commercial DJI Tello toy-drone (<\$100, <90 grams, 98 $\times$ 92.5 $\times$ 41 mm). The result is an autonomous drone (no laptop nor human in the loop) that can detect and classify objects in real-time from a video stream of an on-board monocular RGB camera (no GPS or LIDAR sensors). The companion videos demonstrate how this Tello drone scans the lab for people (e.g. for the use of firefighters or security forces) and for an empty parking slot outside the lab. Existing deep learning solutions are either much too slow for real-time computation on such IoT devices, or provide results of impractical quality. Our main challenge was to design a system that takes the best of all worlds among numerous combinations of networks, deep learning platforms/frameworks, compression techniques, and compression ratios. To this end, we provide an efficient searching algorithm that aims to find the optimal combination which results in the best tradeoff between the network running time and its accuracy/performance.
Traditional data lakes provide critical data infrastructure for analytical workloads by enabling time travel, running SQL queries, ingesting data with ACID transactions, and visualizing petabyte-scale datasets on cloud storage. They allow organizations to break down data silos, unlock data-driven decision-making, improve operational efficiency, and reduce costs. However, as deep learning usage increases, traditional data lakes are not well-designed for applications such as natural language processing (NLP), audio processing, computer vision, and applications involving non-tabular datasets. This paper presents Deep Lake, an open-source lakehouse for deep learning applications developed at Activeloop. Deep Lake maintains the benefits of a vanilla data lake with one key difference: it stores complex data, such as images, videos, annotations, as well as tabular data, in the form of tensors and rapidly streams the data over the network to (a) Tensor Query Language, (b) in-browser visualization engine, or (c) deep learning frameworks without sacrificing GPU utilization. Datasets stored in Deep Lake can be accessed from PyTorch, TensorFlow, JAX, and integrate with numerous MLOps tools.
The vector autoregressive (VAR) model has been used to describe the dependence within and across multiple time series. This is a model for stationary time series which can be extended to allow the presence of a deterministic trend in each series. Detrending the data either parametrically or nonparametrically before fitting the VAR model gives rise to more errors in the latter part. In this study, we propose a new approach called DeepVARwT that employs deep learning methodology for maximum likelihood estimation of the trend and the dependence structure at the same time. A Long Short-Term Memory (LSTM) network is used for this purpose. To ensure the stability of the model, we enforce the causality condition on the autoregressive coefficients using the transformation of Ansley & Kohn (1986). We provide a simulation study and an application to real data. In the simulation study, we use realistic trend functions generated from real data and compare the estimates with true function/parameter values. In the real data application, we compare the prediction performance of this model with state-of-the-art models in the literature.
Anomaly detection describes methods of finding abnormal states, instances or data points that differ from a normal value space. Industrial processes are a domain where predicitve models are needed for finding anomalous data instances for quality enhancement. A main challenge, however, is absence of labels in this environment. This paper contributes to a data-centric way of approaching artificial intelligence in industrial production. With a use case from additive manufacturing for automotive components we present a deep-learning-based image processing pipeline. Additionally, we integrate the concept of domain randomisation and synthetic data in the loop that shows promising results for bridging advances in deep learning and its application to real-world, industrial production processes.
Repair and maintenance of underwater structures as well as marine science rely heavily on the results of underwater object detection, which is a crucial part of the image processing workflow. Although many computer vision-based approaches have been presented, no one has yet developed a system that reliably and accurately detects and categorizes objects and animals found in the deep sea. This is largely due to obstacles that scatter and absorb light in an underwater setting. With the introduction of deep learning, scientists have been able to address a wide range of issues, including safeguarding the marine ecosystem, saving lives in an emergency, preventing underwater disasters, and detecting, spooring, and identifying underwater targets. However, the benefits and drawbacks of these deep learning systems remain unknown. Therefore, the purpose of this article is to provide an overview of the dataset that has been utilized in underwater object detection and to present a discussion of the advantages and disadvantages of the algorithms employed for this purpose.
Predicting fund performance is beneficial to both investors and fund managers, and yet is a challenging task. In this paper, we have tested whether deep learning models can predict fund performance more accurately than traditional statistical techniques. Fund performance is typically evaluated by the Sharpe ratio, which represents the risk-adjusted performance to ensure meaningful comparability across funds. We calculated the annualised Sharpe ratios based on the monthly returns time series data for more than 600 open-end mutual funds investing in listed large-cap equities in the United States. We find that long short-term memory (LSTM) and gated recurrent units (GRUs) deep learning methods, both trained with modern Bayesian optimization, provide higher accuracy in forecasting funds' Sharpe ratios than traditional statistical ones. An ensemble method, which combines forecasts from LSTM and GRUs, achieves the best performance of all models. There is evidence to say that deep learning and ensembling offer promising solutions in addressing the challenge of fund performance forecasting.
Recent deep learning approaches in table detection achieved outstanding performance and proved to be effective in identifying document layouts. Currently, available table detection benchmarks have many limitations, including the lack of samples diversity, simple table structure, the lack of training cases, and samples quality. In this paper, we introduce a diverse large-scale dataset for table detection with more than seven thousand samples containing a wide variety of table structures collected from many diverse sources. In addition to that, we also present baseline results using a convolutional neural network-based method to detect table structure in documents. Experimental results show the superiority of applying convolutional deep learning methods over classical computer vision-based methods. The introduction of this diverse table detection dataset will enable the community to develop high throughput deep learning methods for understanding document layout and tabular data processing. Dataset is available at: 1. https://www.kaggle.com/datasets/mrinalim/stdw-dataset 2. https://huggingface.co/datasets/n3011/STDW
Deep learning has shown impressive results in a variety of time series forecasting tasks, where modeling the conditional distribution of the future given the past is the essence. However, when this conditional distribution is non-stationary, it poses challenges for these models to learn consistently and to predict accurately. In this work, we propose a new method to model non-stationary conditional distributions over time by clearly decoupling stationary conditional distribution modeling from non-stationary dynamics modeling. Our method is based on a Bayesian dynamic model that can adapt to conditional distribution changes and a deep conditional distribution model that handles multivariate time series using a factorized output space. Our experimental results on synthetic and real-world datasets show that our model can adapt to non-stationary time series better than state-of-the-art deep learning solutions.
Recent advances in deep learning algorithms have led to significant benefits for solving many medical image analysis problems. Training deep learning models commonly requires large datasets with expert-labeled annotations. However, acquiring expert-labeled annotation is not only expensive but also is subjective, error-prone, and inter-/intra- observer variability introduces noise to labels. This is particularly a problem when using deep learning models for segmenting medical images due to the ambiguous anatomical boundaries. Image-based medical diagnosis tools using deep learning models trained with incorrect segmentation labels can lead to false diagnoses and treatment suggestions. Multi-rater annotations might be better suited to train deep learning models with small training sets compared to single-rater annotations. The aim of this paper was to develop and evaluate a method to generate probabilistic labels based on multi-rater annotations and anatomical knowledge of the lesion features in MRI and a method to train segmentation models using probabilistic labels using normalized active-passive loss as a "noise-tolerant loss" function. The model was evaluated by comparing it to binary ground truth for 17 knees MRI scans for clinical segmentation and detection of bone marrow lesions (BML). The proposed method successfully improved precision 14, recall 22, and Dice score 8 percent compared to a binary cross-entropy loss function. Overall, the results of this work suggest that the proposed normalized active-passive loss using soft labels successfully mitigated the effects of noisy labels.
Bilevel optimization (BO) is useful for solving a variety of important machine learning problems including but not limited to hyperparameter optimization, meta-learning, continual learning, and reinforcement learning. Conventional BO methods need to differentiate through the low-level optimization process with implicit differentiation, which requires expensive calculations related to the Hessian matrix. There has been a recent quest for first-order methods for BO, but the methods proposed to date tend to be complicated and impractical for large-scale deep learning applications. In this work, we propose a simple first-order BO algorithm that depends only on first-order gradient information, requires no implicit differentiation, and is practical and efficient for large-scale non-convex functions in deep learning. We provide non-asymptotic convergence analysis of the proposed method to stationary points for non-convex objectives and present empirical results that show its superior practical performance.
The fifth generating (5G) of wireless networks will be more adaptive and heterogeneous. Reconfigurable intelligent surface technology enables the 5G to work on multistrand waveforms. However, in such a dynamic network, the identification of specific modulation types is of paramount importance. We present a RIS-assisted digital classification method based on artificial intelligence. We train a convolutional neural network to classify digital modulations. The proposed method operates and learns features directly on the received signal without feature extraction. The features learned by the convolutional neural network are presented and analyzed. Furthermore, the robust features of the received signals at a specific SNR range are studied. The accuracy of the proposed classification method is found to be remarkable, particularly for low levels of SNR.
Cryo-Electron Microscopy (cryo-EM) has emerged as a key technology to determine the structure of proteins, particularly large protein complexes and assemblies in recent years. A key challenge in cryo-EM data analysis is to automatically reconstruct accurate protein structures from cryo-EM density maps. In this review, we briefly overview various deep learning methods for building protein structures from cryo-EM density maps, analyze their impact, and discuss the challenges of preparing high-quality data sets for training deep learning models. Looking into the future, more advanced deep learning models of effectively integrating cryo-EM data with other sources of complementary data such as protein sequences and AlphaFold-predicted structures need to be developed to further advance the field.
The COVID-19 pandemic has posed a heavy burden to the healthcare system worldwide and caused huge social disruption and economic loss. Many deep learning models have been proposed to conduct clinical predictive tasks such as mortality prediction for COVID-19 patients in intensive care units using Electronic Health Record (EHR) data. Despite their initial success in certain clinical applications, there is currently a lack of benchmarking results to achieve a fair comparison so that we can select the optimal model for clinical use. Furthermore, there is a discrepancy between the formulation of traditional prediction tasks and real-world clinical practice in intensive care. To fill these gaps, we propose two clinical prediction tasks, Outcome-specific length-of-stay prediction and Early mortality prediction for COVID-19 patients in intensive care units. The two tasks are adapted from the naive length-of-stay and mortality prediction tasks to accommodate the clinical practice for COVID-19 patients. We propose fair, detailed, open-source data-preprocessing pipelines and evaluate 17 state-of-the-art predictive models on two tasks, including 5 machine learning models, 6 basic deep learning models and 6 deep learning predictive models specifically designed for EHR data. We provide benchmarking results using data from two real-world COVID-19 EHR datasets. One dataset is publicly available without needing any inquiry and another dataset can be accessed on request. We provide fair, reproducible benchmarking results for two tasks. We deploy all experiment results and models on an online platform. We also allow clinicians and researchers to upload their data to the platform and get quick prediction results using our trained models. We hope our efforts can further facilitate deep learning and machine learning research for COVID-19 predictive modeling.
Packaged fresh-cut lettuce is widely consumed as a major component of vegetable salad owing to its high nutrition, freshness, and convenience. However, enzymatic browning discoloration on lettuce cut edges significantly reduces product quality and shelf life. While there are many research and breeding efforts underway to minimize browning, the progress is hindered by the lack of a rapid and reliable methodology to evaluate browning. Current methods to identify and quantify browning are either too subjective, labor intensive, or inaccurate. In this paper, we report a deep learning model for lettuce browning prediction. To the best of our knowledge, it is the first-of-its-kind on deep learning for lettuce browning prediction using a pretrained Siamese Quadratic Swin (SQ-Swin) transformer with several highlights. First, our model includes quadratic features in the transformer model which is more powerful to incorporate real-world representations than the linear transformer. Second, a multi-scale training strategy is proposed to augment the data and explore more of the inherent self-similarity of the lettuce images. Third, the proposed model uses a siamese architecture which learns the inter-relations among the limited training samples. Fourth, the model is pretrained on the ImageNet and then trained with the reptile meta-learning algorithm to learn higher-order gradients than a regular one. Experiment results on the fresh-cut lettuce datasets show that the proposed SQ-Swin outperforms the traditional methods and other deep learning-based backbones.