Is There a Supply Side to Forecasting Asset Prices?

An increasing number of people who are in jobs in quant firms that have training in machine learning and artificial intelligence. That is one a source of increased supply. The other is the field itself has advanced. These are incredibly noisy processes, very close to random walks. You're out of sample r squares, for those of you who know what that that is,. like point o three is a successful r squared. But again, the demand side is there. As conventional, old school techniques have become more heavily competed. And so just as some people are deciding, ok, well with Moing moing i'm gonna go venture far afield in trade china even though it's pain in the neck