Predicting Black Swan events using S&P 500
"A Black Swan event is never a question of if it will happen or not? but when it will happen?" Key properties of a Black Swan event are Unpredictability, Extreme impact and Retrospective Predictability. Some of the examples of Black Swan Events are · Terror attacks like 9/11 and other such incidents · Black Monday in 1987 · Covid 19 in March 2020 · Global Financial crises of 2008 and Lehman Brothers bankruptcy. · And many more …. Although Black Swan events are unpredictable in nature their impact on the countries, economies and society at large is very high in billions and trillions of dollars, so one must try to identify and predict any upcoming Black Swan event to raise an alert to be prepared for possibility of some unforeseen events. My research using an approach called Predictive Analytics using Patterns ...