$2.$

Question $2$

Situation: Suppose you are evaluating a new strategy from a quant trading analyst, who claims to have discovered a new high$-$frequency equity arbitrage opportunity uncovered using multi$-$tiered recursive neural networks $($RNN$).$

Reflecting on what we have learned from ML$/$AI in investments, what should be your first question?

$1$ point

What data went into the model?

What is the in$-$sample performance?

How many hidden layers does the network have?