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Quantum Computing Applications in Financial Modeling: A Comparative Analysis of Traditional and Quantum Algorithms

This research paper compares traditional and quantum algorithms for financial modeling by implementing both types of algorithms on diverse financial datasets. The results provide a comprehensive comparison of the performance metrics like computational speed, accuracy, and scalability. The findings shed light on how quantum computing could enhance financial modeling capabilities and revolutionize the field through exponential speed-ups over classical algorithms in handling complex financial scenarios.

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43 views

Quantum Computing Applications in Financial Modeling: A Comparative Analysis of Traditional and Quantum Algorithms

This research paper compares traditional and quantum algorithms for financial modeling by implementing both types of algorithms on diverse financial datasets. The results provide a comprehensive comparison of the performance metrics like computational speed, accuracy, and scalability. The findings shed light on how quantum computing could enhance financial modeling capabilities and revolutionize the field through exponential speed-ups over classical algorithms in handling complex financial scenarios.

Uploaded by

kapitanjuan27
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Title: Quantum Computing Applications in Financial Modeling: A Comparative Analysis of

Traditional and Quantum Algorithms

Abstract:
This research paper delves into the emerging field of quantum computing and its potential
applications in financial modeling. As traditional computational methods face limitations in
handling complex financial scenarios, quantum computing presents a novel paradigm that
promises exponential computational speed-ups. The study aims to provide a comparative
analysis of traditional financial modeling algorithms and their quantum counterparts, assessing
factors such as accuracy, efficiency, and scalability. The research involves implementing both
classical and quantum algorithms on diverse financial datasets and evaluating their
performance metrics. The findings aim to shed light on the transformative impact quantum
computing could have on enhancing financial modeling capabilities.

Introduction:
The financial industry continually seeks advanced computational tools to address the increasing
complexity of financial markets and instruments. Quantum computing, leveraging the principles
of quantum mechanics, offers a unique approach to computation, potentially revolutionizing the
field of financial modeling. This paper introduces the rationale behind exploring quantum
computing applications in finance and outlines the research objectives and methodology.

Literature Review:
The literature review provides an overview of the current landscape of financial modeling and
the challenges faced by traditional computational methods. It also surveys existing studies and
developments in quantum computing applications, focusing on its potential benefits for financial
calculations.

Methodology:
This section details the research design, dataset selection, and the implementation of both
traditional and quantum algorithms. The study employs quantum circuits and quantum machine
learning techniques to simulate financial scenarios and compares the results with classical
algorithms widely used in financial modeling.

Results and Discussion:


The results present a comprehensive comparison of the performance metrics, including
computational speed, accuracy, and scalability, between traditional and quantum financial
modeling algorithms. The discussion interprets the implications of the findings, highlighting the
potential quantum advantage in specific financial applications.

Conclusion:
The conclusion summarizes the research outcomes, discusses their significance for the financial
industry, and suggests potential avenues for further exploration. The paper concludes with
reflections on the transformative potential of quantum computing in advancing financial
modeling capabilities.

Keywords: Quantum Computing, Financial Modeling, Computational Finance, Quantum


Algorithms, Quantum Advantage.

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