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Synopsis
Many business decisions are made in the absence of complete information about the decision consequences. Credit lines are approved without knowing the future behavior of the customers; stocks are bought and sold without knowing their future prices; parts are manufactured without knowing all the factors affecting their final quality; etc. All these cases can be categorized as decision making under uncertainty. Decision makers (human or automated) can handle uncertainty in different ways. Deferring the decision due to the lack of sufficient information may not be an option, especially in real-time systems. Sometimes expert rules, based on experience and intuition, are used. Decision tree is a popular form of representing a set of mutually exclusive rules. An example of a two-branch tree is: if a credit applicant is a student, approve; otherwise, decline. Expert rules are usually based on some hidden assumptions, which are trying to predict the decision consequences. A hidden assumption of the last rule set is: a student will be a profitable customer. Since the direct predictions of the future may not be accurate, a decision maker can consider using some information from the past. The idea is to utilize the potential similarity between the patterns of the past (e.g., "most students used to be profitable") and the patterns of the future (e.g., "students will be profitable").
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From the Back Cover
The volume offers a comprehensive coverage of the recent advances in the application of soft computing and fuzzy logic theory to data mining and knowledge discovery databases. It focuses on some of the hardest, and yet unsolved, issues of data mining like understandability of patterns, finding complex relationships between attributes, handling missing and noisy data, mining very large datasets, change detection in time series, and integration of the discovery process with database management systems.
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- PublisherPhysica
- Publication date2010
- ISBN 10 3790824844
- ISBN 13 9783790824841
- BindingPaperback
- Number of pages368
- EditorKandel Abraham, Last Mark, Bunke Horst
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Many business decisions are made in the absence of complete information about the decision consequences. Credit lines are approved without knowing the future behavior of the customers; stocks are bought and sold without knowing their future prices; parts are manufactured without knowing all the factors affecting their final quality; etc. All these cases can be categorized as decision making under uncertainty. Decision makers (human or automated) can handle uncertainty in different ways. Deferring the decision due to the lack of sufficient information may not be an option, especially in real-time systems. Sometimes expert rules, based on experience and intuition, are used. Decision tree is a popular form of representing a set of mutually exclusive rules. An example of a two-branch tree is: if a credit applicant is a student, approve; otherwise, decline. Expert rules are usually based on some hidden assumptions, which are trying to predict the decision consequences. A hidden assumption of the last rule set is: a student will be a profitable customer. Since the direct predictions of the future may not be accurate, a decision maker can consider using some information from the past. The idea is to utilize the potential similarity between the patterns of the past (e.g., 'most students used to be profitable') and the patterns of the future (e.g., 'students will be profitable'). 356 pp. Englisch. Seller Inventory # 9783790824841
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Condition: NEW. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Comprehensive coverage of recent advances in the application of soft computing and fuzzy logic data miningAlso useful as a reference book in data mining, machine learning, fuzzy logic, and artificial intelligenceMany business decisions are made in t. Seller Inventory # 5310750
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Many business decisions are made in the absence of complete information about the decision consequences. Credit lines are approved without knowing the future behavior of the customers; stocks are bought and sold without knowing their future prices; parts are manufactured without knowing all the factors affecting their final quality; etc. All these cases can be categorized as decision making under uncertainty. Decision makers (human or automated) can handle uncertainty in different ways. Deferring the decision due to the lack of sufficient information may not be an option, especially in real-time systems. Sometimes expert rules, based on experience and intuition, are used. Decision tree is a popular form of representing a set of mutually exclusive rules. An example of a two-branch tree is: if a credit applicant is a student, approve; otherwise, decline. Expert rules are usually based on some hidden assumptions, which are trying to predict the decision consequences. A hidden assumption of the last rule set is: a student will be a profitable customer. Since the direct predictions of the future may not be accurate, a decision maker can consider using some information from the past. The idea is to utilize the potential similarity between the patterns of the past (e.g., 'most students used to be profitable') and the patterns of the future (e.g., 'students will be profitable'). Seller Inventory # 9783790824841
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Data Mining and Computational Intelligence
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ISBN 10: 3790824844
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Condition: New. Editor(s): Kandel, Abraham; Last, Mark; Bunke, Horst. Series: Studies in Fuzziness and Soft Computing. Num Pages: 368 pages, 45 black & white tables, biography. BIC Classification: UNF; UYQ. Category: (P) Professional & Vocational. Dimension: 279 x 210 x 19. Weight in Grams: 522. . 2010. Softcover reprint of hardcover 1st ed. 2001. Paperback. . . . . Seller Inventory # V9783790824841
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Data Mining and Computational Intelligence
Published by
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, 2010
ISBN 10: 3790824844
ISBN 13: 9783790824841
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Condition: New. Editor(s): Kandel, Abraham; Last, Mark; Bunke, Horst. Series: Studies in Fuzziness and Soft Computing. Num Pages: 368 pages, 45 black & white tables, biography. BIC Classification: UNF; UYQ. Category: (P) Professional & Vocational. Dimension: 279 x 210 x 19. Weight in Grams: 522. . 2010. Softcover reprint of hardcover 1st ed. 2001. Paperback. . . . . Books ship from the US and Ireland. Seller Inventory # V9783790824841
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