For a while now I had the intention of trying to use text mining techniques on central bank news releases.  Until today I have been hesitant because I was not sure of how to scrape the text from webpages.  Today I bit the bullet and went through R’s documentation and scoured coding forums.  Below is … More Web Scraping and Text Mining in R

Quick Refresher: I have previously discussed penalized regression models in the context of ridge regression and the LASSO model.  These two models are special cases of the elastic net model.  Recall that in Ridge regression we included an L2 penalty term in our sum of squared errors loss function which we attempt to minimize to … More Fitting Elastic Net Model in R

As I sit here with a fresh pile of snow being dumped on Toronto I realised that most of my recent posts have been a little light on markets and a little heavy on machine learning.  I am reluctant to let all those efforts go to waste so I thought we can use some of … More Replicating GS-EQMOVE Model