The process of economic forecasting is at heart the process of attempting to predict the future of an economy. Generally this refers to the economy of a country, but it may also refer to municipalities within a state.
Sales forecasting is the system by which future sales volumes are estimated—at what price, during which time, and in which market. Product performance forecasting enables businesses to make informed decisions in both the short term and the long term. Machine learning software is continually improved, providing businesses with better analysis all the time—faster and more reliably than manual methods.
Taking the place of an in-person managers, a financial robo-advisor provides personalized investment and wealth management services to individuals as well as small and medium-sized businesses.
Robo-advisors use deep learning and other artificial intelligence techniques to offer advice and even automate trades in a variety of industries and account types, from individuals with retirement accounts to small businesses with equity finance plans.
More than a static budget sheet in Excel, an AI financial planning program helps users set budgets and analyze their spending behavior. With a good ML program, company and personal budgets perform better—faster than via traditional methods.
Algorithmic stock trading—aka "algo-trading"—uses machine learning algorithms to make stock market trades faster than a human could, calculating the best time, price, and amount to trade in an instant.