Data Mining in Finance

Advances in Relational and Hybrid Methods
2000
ISBN: 978-1-4757-7332-3
Verlag: Springer US

Buch, Englisch, Band 547, 308 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 499 g

Reihe: The Springer International Series in Engineering and Computer Science

presents a comprehensive overview of major algorithmic approaches to predictive data mining, including statistical, neural networks, ruled-based, decision-tree, and fuzzy-logic methods, and then examines the suitability of these approaches to financial data mining. The book focuses specifically on relational data mining (RDM), which is a learning method able to learn more expressive rules than other symbolic approaches. RDM is thus better suited for financial mining, because it is able to make greater use of underlying domain knowledge. Relational data mining also has a better ability to explain the discovered rules - an ability critical for avoiding spurious patterns which inevitably arise when the number of variables examined is very large. The earlier algorithms for relational data mining, also known as inductive logic programming (ILP), suffer from a relative computational inefficiency and have rather limited tools for processing numerical data.
introduces a new approach, combining relational data mining with the analysis of statistical significance of discovered rules. This reduces the search space and speeds up the algorithms. The book also presents interactive and fuzzy-logic tools for `mining' the knowledge from the experts, further reducing the search space.
contains a number of practical examples of forecasting S&P 500, exchange rates, stock directions, and rating stocks for portfolio, allowing interested readers to start building their own models. This book is an excellent reference for researchers and professionals in the fields of artificial intelligence, machine learning, data mining, knowledge discovery, and applied mathematics.

Zielgruppe

Research

Autoren/Hrsg.

Vityaev, Evgenii

Kovalerchuk, Boris

Fachgebiete

• Mathematik | Informatik EDV | Informatik Informatik Künstliche Intelligenz
• Mathematik | Informatik EDV | Informatik Programmierung | Softwareentwicklung Algorithmen & Datenstrukturen
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Interdisziplinäres Wissenschaften Wissenschaften: Forschung und Information Informationstheorie, Kodierungstheorie

Inhaltsverzeichnis

The scope and methods of the study.- Numerical Data Mining Models and Financial Applications.- Rule-Based and Hybrid Financial Data Mining.- Relational Data Mining (RDM).- Financial Applications of Relational Data Mining.- Comparison of Performance of RDM and other methods in financial applications.- Fuzzy logic approach and its financial applications.