Re:Ask HN: Why do so many startups claim machine learning is...
by foldingmoney on Sunday November 17, 2019 @11:38PM
(#21561916)
>Time to setup python scripts which could parse through the excel spreadsheets, figure out which row corresponded to gross profit margin, and a few other "standard" metrics: ???
If you just want basic financial data there are easier ways, e.g. the Quandl API (not affiliated).
But the bigger issue is that you can't accurately label your training data. A subsequent stock price move could have been due by something revealed in the 10-Q that the market somehow missed, or it could have been caused by a forest fire in Bolivia, or a competitor getting acquired, or any combination of near infinite external events that couldn't have been predicted from the 10-Q.
If you just want basic financial data there are easier ways, e.g. the Quandl API (not affiliated).
But the bigger issue is that you can't accurately label your training data. A subsequent stock price move could have been due by something revealed in the 10-Q that the market somehow missed, or it could have been caused by a forest fire in Bolivia, or a competitor getting acquired, or any combination of near infinite external events that couldn't have been predicted from the 10-Q.