Discussion Quesitons

In your own words, provide a detailed explanation of the:

3X3 forecasting model,
2X2 forecasting model, and 
Receiver Operator Characteristic (ROC) curve.

Research the Scholar library and O’Reilly for information on traditional financial forecasting models, i.e. those that do not rely on machine learning.

Examples include:

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)

What limitations and/or constraints do traditional financial forecasting models possess?
What was the impetus for integrating machine learning into financial forecasting models?

(NOT related to article) The Sarbanes Oxley Act of 2002 was enacted nearly 20 years ago. Some say it is the most important legislation impacting corporate governance and financial reporting since the Securities and Exchange Act of 1933.
To what extent has this legislation been effective in improving corporate governance and reducing fraud in financial reporting? Be specific.