In recent years, large amounts of financial data have become available for analysis. We propose exploring returns from 21 European stock markets by model-based clustering of regime switching models. These econometric models identify clusters of time series with similar dynamic patterns and...

The purpose of this study is to (1) assess the feasibility of predicting increases in Facebook usage frequency, (2) evaluate which algorithms perform best, (3) and determine which predictors are most important. We benchmark the performance of Logistic Regression, Random Forest, Stochastic...

We propose an exact method, based on Generalized Benders Decomposition, to select the best M features during induction. We provide details of the method and highlight some interesting parallels between the technique proposed here and some of those published in the literature. We also propose a...

The identification of different dynamics in sequential data has become an every day need in scientific fields such as marketing, bioinformatics, finance, or social sciences. Contrary to cross-sectional or static data, this type of observations (also known as stream data, temporal data,...

The value of the customer has been widely recognized in terms of financial planning and efficient resource allocation including the financial service industry. Previous studies have shown that directly observable information can be used in order to make reasonable predictions of customer...

The availability of abundant data posts a challenge to integrate static customer data and longitudinal behavioral data to improve performance in customer churn prediction. Usually, longitudinal behavioral data are transformed into static data before being included in a prediction model. In this...

In this contribution we identify the synergies of Operations Research and Data Mining. Synergies can be achieved by integration of optimization techniques into Data Mining and vice versa. In particular, we define three classes of synergies and illustrate each of them by examples. The...

Support Vector Machines (SVMs) is known to be a powerful nonparametric classification technique even for high-dimensional data. Although predictive ability is important, obtaining an easy-to-interpret classifier is also crucial in many applications. Linear SVM provides a classifier based on a...

Cellular manufacturing is the cornerstone of many modern flexible manufacturing techniques, taking advantage of the similarities between parts in order to decrease the complexity of the design and manufacturing life cycle. Part-Machine Grouping (PMG) problem is the key step in cellular...

The field of direct marketing is constantly searching for new data mining techniques in order to analyze the increasing available amount of data. Self-organizing maps (SOM) have been widely applied and discussed in the literature, since they give the possibility to reduce the complexity of a...