Reference no: EM133233890

1. Research and  review the following article:
   Harel, A., & Harpaz, G. (2021). Forecasting stock prices. International Review of Economics & Finance, 73, 249-256.
2. provide a detailed explanation of the:
   • 3X3 forecasting model,
   • 2X2 forecasting model, and
   • Receiver Operator Characteristic (ROC) curve.
3. Research the O'Reilly for information on traditional financial forecasting models, i.e. those that do not rely on machine learning.
   • Bayesian method, Delphi model, Bottom-up, Top-down, correlation-based, statistical models, time-series model, and the basic forecasting model by Wallace Davidson III in Financial Forecasting and Decision Making (O'Reilly playlist)
   • Examples include:
   • What limitations and/or constraints do traditional financial forecasting models possess?
   • What was the impetus for integrating machine learning into financial forecasting models?