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Probabilistic Methods for Financial and Marketing Informatics

Richard E. Neapolitan (Author), Xia Jiang (Author)

9780123704771, Elsevier Science

Hardback, published 17 May 2007

432 pages, Approx. 100 illustrations
23.4 x 19 x 2.8 cm, 0.88 kg

"One of the features I appreciate most is that almost all the examples refer to real-world situations, which is especially useful because it shows how to build probabilistic models for other domains." --Francisco Diez, UNED, Madrid, Spain

Probabilistic Methods for Financial and Marketing Informatics aims to provide students with insights and a guide explaining how to apply probabilistic reasoning to business problems. Rather than dwelling on rigor, algorithms, and proofs of theorems, the authors concentrate on showing examples and using the software package Netica to represent and solve problems.

The book contains unique coverage of probabilistic reasoning topics applied to business problems, including marketing, banking, operations management, and finance. It shares insights about when and why probabilistic methods can and cannot be used effectively.

This book is recommended for all R&D professionals and students who are involved with industrial informatics, that is, applying the methodologies of computer science and engineering to business or industry information. This includes computer science and other professionals in the data management and data mining field whose interests are business and marketing information in general, and who want to apply AI and probabilistic methods to their problems in order to better predict how well a product or service will do in a particular market, for instance.

Typical fields where this technology is used are in advertising, venture capital decision making, operational risk measurement in any industry, credit scoring, and investment science.

I: Informatics and Baysesian Networks
Introduction to Informatics
Basics of Probability and Statistics
Algorithms for Bayesian Networks
Decision Trees and Influence Diagrams. II: Business Informatics: Collaborative Filtering
Targeted Advertising
Market Basket Analysis
Venture Capital Decision Making
Measuring Operational Risk
Credit Scoring
Applications to Investment Science. Appendices.

Subject Areas: Computer science [UY], Data capture & analysis [UNC], Probability & statistics [PBT], Discrete mathematics [PBD], Sales & marketing [KJS], Business mathematics & systems [KJQ], Budgeting & financial management [KJMV1], Business & management [KJ], Library, archive & information management [GLC], Library & information sciences [GL]

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