Research and review the following article:

Harel, A$.,$ & Harpaz, G$.(2021).$ Forecasting stock prices. International Review of Economics & Finance, $73,249256.$

provide a detailed explanation of the:

$3$X$3$ forecasting model,

$2$X$2$ forecasting model, and Receiver Operator Characteristic $($ROC$)$ curve.

Research O$$Reilly for information on traditional financial forecasting models, i$.$e$.$ those that do not rely on machine learning.

Bayesian method, Delphi model, Bottom$-$up$,$ Top$-$down, correlation$-$based, statistical models, time$-$series model, and the basic forecasting model by Wallace Davidson III in Financial Forecasting and Decision Making $($O$$Reilly playlist$)$

Examples include:

What limitations and$/$or constraints do traditional financial forecasting models possess?

What was the impetus for integrating machine learning into financial forecasting models?