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Saba Asaad

Publications and source records attributed to Saba Asaad.

At least 19 recordsLinked to original sources

Evolution of Financial AI: From Statistical Models to Agentic AI

Artificial intelligence (AI) in finance has evolved from statistical learning and machine learning for structured prediction, through deep learning and foundation models for representation learning, language understanding, and reasoning, to retrieval-augmented generation for knowledge-grounded reasoning and agentic AI for autonomous planning and execution. In this paper, we examine how researchers and practitioners can select and apply AI methods in finance. We first show that the major paradigms of financial AI address fundamentally different classes of problems, rather than forming a strict hierarchy of capability. We then review the current state of research on AI in finance and trace how these paradigms have reshaped financial data, financial tasks, decision support, and human-AI collaboration. Building on this, we propose practical guidelines for matching AI paradigms to task characteristics, and show that more advanced models, such as foundation models or autonomous agents, are not universally superior. We conclude by outlining open challenges for researchers and practitioners working toward reliable financial AI.

cs.CE↗

Latency-Aware Uplink NOMA-MEC with PASS: A Feasibility-First Resource Allocation Framework

Meeting hard task-completion deadlines for many simultaneously offloading users is the binding challenge in mobile-edge computing (MEC). As the user count grows, the transmit power required to satisfy every deadline within per-user budgets rises until no feasible allocation exists. We take a \emph{feasibility-first} view of this $K$-user problem in an uplink non-orthogonal multiple access (NOMA) MEC system served by a pinching-antenna system (PASS), whose radiating points establish strong line-of-sight (LoS) links that lower the received-power requirement. We formulate a latency-constrained joint optimization of transmit powers, CPU frequencies, and antenna configuration. We then derive a \emph{closed-form least-power feasibility test}: the componentwise-least allocation meeting every deadline. It certifies feasibility with the largest attainable margin to the power budgets and defines a practical \emph{quality-of-service (QoS)-feasibility outage} metric, the probability that no allocation meets all deadlines within budget. We solve the problem with a three-block alternating-optimization algorithm that is provably monotone-convergent and has polynomial complexity. Numerical results show that the proposed scheme sustains deadline feasibility at user loads where equal-power, orthogonal multiple access (OMA), and single-antenna baselines fail or degrade sharply, each by a mechanism predicted directly from the system model, whereas the proposed design degrades gracefully. Stress tests further show that feasibility is sustained under order-of-magnitude budget reductions, and that the pinching-antenna array itself enables constrained-budget operation. The result is a scalable, closed-form-initialized design for deadline-feasible offloading.

cs.IT↗

Multi-objective Optimization for Over-the-Air Federated Edge Learning-enabled Collaborative Integrated Sensing and Communications

This paper introduces a novel multi-objective integrated sensing and communications (ISAC) framework to enable collaborative wireless sensing in conjunction with over-the-air federated-edge learning (OTA-FEEL). The framework enables multi-task OTA aggregation to handle sensing and learning simultaneously, while benefiting from dual-purpose uplink signals for both communications and target sensing. Starting from characterizing the local sufficient statistics at each edge device and establishing its stationary, we develop a tractable analytical expression for the local sufficient statistics. To suppress the interference from uplink transmissions of other devices through matched filtering, we then propose a novel orthogonal pulse shaping method. Then, we derive the optimal unbiased estimate of the target's coordinates by casting the centralized problem of joint likelihood function maximization of all devices as the distributed likelihood maximization of each device (which requires only local sufficient statistics). A lower bound on the sensing error variance is then characterized using the Cramer-Rao bound (CRB). We then formulate a multi-objective optimization (MOOP) problem to minimize the mean square error (MSE) and sensing error bound simultaneously. The considered problem is then solved using the epsilon-constrained method. Numerical results demonstrate that the proposed dual-purpose OTA-FEEL-enabled collaborative ISAC framework enhances sensing accuracy without adversely affecting the performance of the primary OTA-FEEL task. While conventional single-shot collaborative sensing schemes are limited by the average error of local estimators, the proposed algorithm achieves the CRB of the considered problem.

cs.IT↗

Low-complexity tuning of pinching-antenna systems for integrated sensing and communication

Pinching antenna systems (PASSs) can dynamically adapt their transmit and receive arrays for sensing and communication in wireless systems. This work explores the potential of PASSs for integrated sensing and communication (ISAC) by proposing a novel PASS-aided ISAC design, in which pinching locations are adaptively adjusted to enable simultaneous sensing and data transmission with minimal interference. The proposed design introduces a bi-partitioning strategy that allocates sensing power and tunes pinching locations with remarkably low computational complexity, allowing dynamic PASS tuning at high update rates. Numerical results demonstrate that the proposed approach achieves a significantly larger sensing-communication rate region compared to baseline designs at no noticeable cost.

cs.IT↗

Regime-aware financial volatility forecasting via in-context learning

This work introduces a regime-aware in-context learning framework that leverages large language models (LLMs) for financial volatility forecasting under nonstationary market conditions. The proposed approach deploys pretrained LLMs to reason over historical volatility patterns and adjust their predictions without parameter fine-tuning. We develop an oracle-guided refinement procedure that constructs regime-aware demonstrations from training data. An LLM is then deployed as an in-context learner that predicts the next-step volatility from the input sequence using demonstrations sampled conditional to the estimated market label. This conditional sampling strategy enables the LLM to adapt its predictions to regime-dependent volatility dynamics through contextual reasoning alone. Experiments with multiple financial datasets show that the proposed regime-aware in-context learning framework outperforms both classical volatility forecasting approaches and direct one-shot learning, especially during high-volatility periods.

cs.LG↗

Pinching Antennas-Assisted Low-Latency Federated Learning Over Multi-User Wireless Networks

Federated learning (FL) over wireless networks is fundamentally constrained by unreliable communication links, particularly when uplink channels suffer from blockage, fading, or weak line-of-sight (LoS) conditions. Pinching-antenna systems (PASSs) offer a new physical-layer capability to dynamically reposition radiating points along a dielectric waveguide, enabling controllable LoS connectivity and significantly improved channel quality. This paper develops FedPASS, a novel framework for low-latency wireless FL assisted by PASS. We formulate a multi-objective optimization problem that jointly minimizes the end-to-end round latency and an upper bound on the FL optimality gap. The resulting formulation is a mixed-integer nonlinear program subject to practical constraints on scheduling, transmit power, local CPU frequency, and PA placement. To address the resulting computational challenges, we develop a two-tier iterative algorithm: an outer loop that updates scheduling, communication time allocation, and power control via block coordinate descent, and an inner loop that optimizes PA locations using a Gauss-Seidel-based coordinate update with grid search under spacing constraints. Numerical results on MNIST and CIFAR-10 demonstrate that FedPASS achieves accuracy comparable to idealized FL baselines while drastically reducing the total training latency compared to conventional wireless FL.

cs.IT↗

Dynamic and Static Energy Efficient Design of Pinching Antenna Systems

We study the energy efficiency of pinching-antenna systems (PASSs) by developing a consistent formulation for power distribution in these systems. The per-antenna power distribution in PASSs is not controlled explicitly by a power allocation policy, but rather implicitly through tuning of pinching couplings and locations. Both these factors are tunable: (i) pinching locations are tuned using movable elements, and (ii) couplings can be tuned by varying the effective coupling length of the pinching elements. While the former is feasible to be addressed dynamically in settings with low user mobility, the latter cannot be addressed at a high rate. We thus develop a class of hybrid dynamic-static algorithms, which maximize the energy efficiency by updating the system parameters at different rates. Our experimental results depict that dynamic tuning of pinching locations can significantly boost energy efficiency of PASSs.

eess.SP↗

Energy-Efficient Over-the-Air Federated Learning via Pinching Antenna Systems

Pinching antennas systems (PASSs) have recently been proposed as a novel flexible-antenna technology. These systems are implemented by attaching low-cost pinching elements to dielectric waveguides. As the direct link is bypassed through waveguides, PASSs can effectively compensate large-scale effects of the wireless channel. This work explores the potential gains of employing PASSs for over-the-air federated learning (OTA-FL). For a PASS-assisted server, we develop a low-complexity algorithmic approach, which jointly tunes the PASS parameters and schedules the mobile devices for minimal energy consumption in OTA-FL. We study the efficiency of the proposed design and compare it against the conventional OTA-FL setting with MIMO server. Numerical experiments demonstrate that using a single-waveguide PASS at the server within a moderately sized area, the required energy for model aggregation is drastically reduced as compared to the case with fully-digital MIMO server. This introduces PASS as a potential technology for energy-efficient distributed learning in next generations of wireless systems.

cs.IT↗

MIMO-PASS: Uplink and Downlink Transmission via MIMO Pinching-Antenna Systems

Pinching-antenna systems (PASSs) are a recent flexible-antenna technology that is realized by attaching simple components, referred to as pinching elements, to dielectric waveguides. This work explores the potential of deploying PASS for uplink and downlink transmission in multiuser MIMO settings. For downlink PASS-aided communication, we formulate the optimal hybrid beamforming, in which the digital precoding matrix at the access point and the location of pinching elements on the waveguides are jointly optimized to maximize the achievable weighted sum-rate. Invoking fractional programming and Gauss-Seidel approach, we propose two low-complexity algorithms to iteratively update the precoding matrix and activated locations of the pinching elements. We further study uplink transmission aided by a PASS, where an iterative scheme is designed to address the underlying hybrid multiuser detection problem. We validate the proposed schemes through extensive numerical experiments. The results demonstrate that using a PASS, the throughput in both uplink and downlink is boosted significantly as compared with baseline MIMO architectures, such as massive MIMO~and classical hybrid analog-digital designs. This highlights the great potential of PASSs, making it a promising reconfigurable antenna technology for next-generation wireless systems.

cs.IT↗

Downlink Beamforming with Pinching-Antenna Assisted MIMO Systems

Pinching antennas have been recently proposed as a promising flexible-antenna technology, which can be implemented by attaching low-cost pinching elements to dielectric waveguides. This work explores the potential of employing pinching antenna systems (PASs) for downlink transmission in a multiuser MIMO setting. We consider the problem of hybrid beamforming, where the digital precoder at the access point and the activated locations of the pinching elements are jointly optimized to maximize the achievable weighted sum-rate. Invoking fractional programming, a novel low-complexity algorithm is developed to iteratively update the precoding matrix and the locations of the pinching antennas. We validate the proposed scheme through extensive numerical experiments. Our investigations demonstrate that using PAS the system throughput can be significantly boosted as compared with the conventional fixed-location antenna systems, enlightening the potential of PAS as an enabling candidate for next-generation wireless networks.

cs.IT↗

Over-the-Air FEEL with Integrated Sensing: Joint Scheduling and Beamforming Design

Employing wireless systems with dual sensing and communications functionalities is becoming critical in next generation of wireless networks. In this paper, we propose a robust design for over-the-air federated edge learning (OTA-FEEL) that leverages sensing capabilities at the parameter server (PS) to mitigate the impact of target echoes on the analog model aggregation. We first derive novel expressions for the Cramer-Rao bound of the target response and mean squared error (MSE) of the estimated global model to measure radar sensing and model aggregation quality, respectively. Then, we develop a joint scheduling and beamforming framework that optimizes the OTA-FEEL performance while keeping the sensing and communication quality, determined respectively in terms of Cramer-Rao bound and achievable downlink rate, in a desired range. The resulting scheduling problem reduces to a combinatorial mixed-integer nonlinear programming problem (MINLP). We develop a low-complexity hierarchical method based on the matching pursuit algorithm used widely for sparse recovery in the literature of compressed sensing. The proposed algorithm uses a step-wise strategy to omit the least effective devices in each iteration based on a metric that captures both the aggregation and sensing quality of the system. It further invokes alternating optimization scheme to iteratively update the downlink beamforming and uplink post-processing by marginally optimizing them in each iteration. Convergence and complexity analysis of the proposed algorithm is presented. Numerical evaluations on MNIST and CIFAR-10 datasets demonstrate the effectiveness of our proposed algorithm. The results show that by leveraging accurate sensing, the target echoes on the uplink signal can be effectively suppressed, ensuring the quality of model aggregation to remain intact despite the interference.

cs.ET↗

Over-the-Air Fair Federated Learning via Multi-Objective Optimization

In federated learning (FL), heterogeneity among the local dataset distributions of clients can result in unsatisfactory performance for some, leading to an unfair model. To address this challenge, we propose an over-the-air fair federated learning algorithm (OTA-FFL), which leverages over-the-air computation to train fair FL models. By formulating FL as a multi-objective minimization problem, we introduce a modified Chebyshev approach to compute adaptive weighting coefficients for gradient aggregation in each communication round. To enable efficient aggregation over the multiple access channel, we derive analytical solutions for the optimal transmit scalars at the clients and the de-noising scalar at the parameter server. Extensive experiments demonstrate the superiority of OTA-FFL in achieving fairness and robust performance compared to existing methods.

cs.LG↗

GP-FL: Model-Based Hessian Estimation for Second-Order Over-the-Air Federated Learning

Second-order methods are widely adopted to improve the convergence rate of learning algorithms. In federated learning (FL), these methods require the clients to share their local Hessian matrices with the parameter server (PS), which comes at a prohibitive communication cost. A classical solution to this issue is to approximate the global Hessian matrix from the first-order information. Unlike in idealized networks, this solution does not perform effectively in over-the-air FL settings, where the PS receives noisy versions of the local gradients. This paper introduces a novel second-order FL framework tailored for wireless channels. The pivotal innovation lies in the PS's capability to directly estimate the global Hessian matrix from the received noisy local gradients via a non-parametric method: the PS models the unknown Hessian matrix as a Gaussian process, and then uses the temporal relation between the gradients and Hessian along with the channel model to find a stochastic estimator for the global Hessian matrix. We refer to this method as Gaussian process-based Hessian modeling for wireless FL (GP-FL) and show that it exhibits a linear-quadratic convergence rate. Numerical experiments on various datasets demonstrate that GP-FL outperforms all classical baseline first and second order FL approaches.

cs.LG↗

Joint Antenna Selection and Beamforming for Massive MIMO-enabled Over-the-Air Federated Learning

Over-the-air federated learning (OTA-FL) is an emerging technique to reduce the computation and communication overload at the PS caused by the orthogonal transmissions of the model updates in conventional federated learning (FL). This reduction is achieved at the expense of introducing aggregation error that can be efficiently suppressed by means of receive beamforming via large array-antennas. This paper studies OTA-FL in massive multiple-input multiple-output (MIMO) systems by considering a realistic scenario in which the edge server, despite its large antenna array, is restricted in the number of radio frequency (RF)-chains. For this setting, the beamforming for over-the-air model aggregation needs to be addressed jointly with antenna selection. This leads to an NP-hard problem due to the combinatorial nature of the optimization. We tackle this problem via two different approaches. In the first approach, we use the penalty dual decomposition (PDD) technique to develop a two-tier algorithm for joint antenna selection and beamforming. The second approach interprets the antenna selection task as a sparse recovery problem and develops two iterative joint algorithms based on the Lasso and fast iterative soft-thresholding methods. Convergence and complexity analysis is presented for all the schemes. The numerical investigations depict that the algorithms based on the sparse recovery techniques outperform the PDD-based algorithm, when the number of RF-chains at the edge server is much smaller than its array size. However, as the number of RF-chains increases, the PDD approach starts to be superior. Our simulations further depict that learning performance with all the antennas being active at the PS can be closely tracked by selecting less than 20% of the antennas at the PS.

cs.IT↗

Statistical-CSI-Based Antenna Selection and Precoding in Uplink MIMO

Classical antenna selection schemes require instantaneous channel state information (CSI). This leads to high signaling overhead in the system. This work proposes a novel joint receive antenna selection and precoding scheme for multiuser multiple-input multiple-output uplink transmission that relies only on the long-term statistics of the CSI. The proposed scheme designs the switching network and the uplink precoders, such that the expected throughput of the system in the long term is maximized. Invoking results from the random matrix theory, we derive a closed-form expression for the expected throughput of the system. We then develop a tractable iterative algorithm to tackle the throughput maximization problem, capitalizing on the alternating optimization and majorization-maximization (MM) techniques. Numerical results substantiate the efficiency of the proposed approach and its superior performance as compared with the baseline.

eess.SP↗

Joint Receive Antenna Selection and Beamforming in RIS-Aided MIMO Systems

This work studies a low-complexity design for reconfigurable intelligent surface (RIS)-aided multiuser multiple-input multiple-output systems. The base station (BS) applies receive antenna selection to connect a subset of its antennas to the available radio frequency chains. For this setting, the BS switching network, uplink precoders, and RIS phase-shifts are jointly designed, such that the uplink sum-rate is maximized. The principle design problem reduces to an NP-hard mixed-integer optimization. We hence invoke the weighted minimum mean squared error technique and the penalty dual decomposition method to develop a tractable iterative algorithm that approximates the optimal design effectively. Our numerical investigations verify the efficiency of the proposed algorithm and its superior performance as compared with the benchmark.

eess.SP↗

How to Coordinate Edge Devices for Over-the-Air Federated Learning?

This work studies the task of device coordination in wireless networks for over-the-air federated learning (OTA-FL). For conventional metrics of aggregation error, the task is shown to describe the zero-forcing (ZF) and minimum mean squared error (MMSE) schemes and reduces to the NP-hard problem of subset selection. We tackle this problem by studying properties of the optimal scheme. Our analytical results reveal that this scheme is found by searching among the leaves of a tree with favorable monotonic features. Invoking these features, we develop a low-complexity algorithm that approximates the optimal scheme by tracking a dominant path of the tree sequentially. Our numerical investigations show that the proposed algorithm closely tracks the optimal scheme.

cs.IT↗

Matching Pursuit Based Scheduling for Over-the-Air Federated Learning

This paper develops a class of low-complexity device scheduling algorithms for over-the-air federated learning via the method of matching pursuit. The proposed scheme tracks closely the close-to-optimal performance achieved by difference-of-convex programming, and outperforms significantly the well-known benchmark algorithms based on convex relaxation. Compared to the state-of-the-art, the proposed scheme poses a drastically lower computational load on the system: For $K$ devices and $N$ antennas at the parameter server, the benchmark complexity scales with $\left(N^2+K\right)^3 + N^6$ while the complexity of the proposed scheme scales with $K^p N^q$ for some $0 < p,q \leq 2$. The efficiency of the proposed scheme is confirmed via numerical experiments on the CIFAR-10 dataset.

cs.IT↗