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A First Look at Financial Data Analysis Using ChatGPT-4o

2025·4 Zitationen·Journal of risk and financial managementOpen Access
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4

Zitationen

4

Autoren

2025

Jahr

Abstract

OpenAI’s new flagship model, ChatGPT-4o, released on 13 May 2024, offers enhanced natural language understanding and more coherent responses. This paper investigates ChatGPT-4o’s capabilities in financial data analysis, including zero-shot prompting, time series analysis, risk and return analysis, and ARMA-GARCH estimation. ChatGPT-4o’s performance is generally comparable to traditional statistical software like Stata, though some errors and discrepancies arise due to differences in implementation. Despite these issues, our findings indicate that ChatGPT-4o has significant potential for real-world financial analysis. Integrating ChatGPT-4o into financial research and practice may lead to more efficient data processing, improved analytical capabilities, and better-informed investment decisions.

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Themen

Artificial Intelligence in Healthcare and EducationArtificial Intelligence in HealthcareExplainable Artificial Intelligence (XAI)
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