mlsanityData to 7 Oct 2026

Improved Financial Forecasting via Quantum Machine Learning

arXiv 2306.12965 ↗First posted 31 May 2023q-fin.ST cs.LG quant-phcited by 14

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Abstract (arXiv)

Quantum algorithms have the potential to enhance machine learning across a variety of domains and applications. In this work, we show how quantum machine learning can be used to improve financial forecasting. First, we use classical and quantum Determinantal Point Processes to enhance Random Forest models for churn prediction, improving precision by almost 6%. Second, we design quantum neural network architectures with orthogonal and compound layers for credit risk assessment, which match classical performance with significantly fewer parameters. Our results demonstrate that leveraging quantum ideas can effectively enhance the performance of machine learning, both today as quantum-inspired classical ML solutions, and even more in the future, with the advent of better quantum hardware.

Key facts. Cited by 14 papers in the map (data through 7 Oct 2026). Builds on 18 of its 53 references that are in the map. First posted on arXiv 31 May 2023.

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18 of 53 references.

References · 18

  1. 2018Supervised learning with quantum enhanced feature spacescited by 654
  2. 2019Parameterized quantum circuits as machine learning modelscited by 330
  3. 2015Unitary Evolution Recurrent Neural Networkscited by 291
  4. 2020A rigorous and robust quantum speed-up in supervised machine learningcited by 270
  5. 2019Orthogonal Deep Neural Networkscited by 72
  6. 2022Quantum Vision Transformerscited by 48
  7. 2020Determinantal Point Processes in Randomized Numerical Linear Algebracited by 41
  8. 2018GDPP: Learning Diverse Generations Using Determinantal Point Processcited by 26
  9. 2016Monte Carlo Markov Chain Algorithms for Sampling Strongly Rayleigh Distributions and Determinantal Point Processescited by 24
  10. 2016Monte Carlo with Determinantal Point Processescited by 22
  11. 2019Exact sampling of determinantal point processes with sublinear time preprocessingcited by 19
  12. 2020Sampling from a k-DPP without looking at all itemscited by 17
6 more
  1. 2018Leveraged volume sampling for linear regressioncited by 15
  2. 2022Quantum machine learning with subspace statescited by 11
  3. 2016Fast Mixing Markov Chains for Strongly Rayleigh Measures, DPPs, and Constrained Samplingcited by 8
  4. 2019Quantum Algorithms for Portfolio Optimizationcited by 8
  5. 2020Low depth algorithms for quantum amplitude estimationcited by 4
  6. 2022Financial Risk Management on a Neutral Atom Quantum Processorcited by 4

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Cited by year (2026 to 7 Oct)

Citing papers per year: 2023: 1; 2024: 2; 2025: 8; 2026: 3.

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