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The goals of this paper are twofold: we describe common features in data sets from motor vehicle insurance companies and we investigate a general strategy which exploits the knowledge of such features. The results of the strategy are a basis to develop insurance tariffs. The strategy is applied...
Persistent link: https://www.econbiz.de/10010306241
industry. Three DM-techniques were selected: Dependency Modeling, Change and Deviation Detection, and Classification. Of these … three techniques, two were found to be of complementary value in a PPM-context, Dependency modeling and Classification … algorithm to visualize the data-driven product classifications in a standard portfolio matrix which portfolio managers can …
Persistent link: https://www.econbiz.de/10011656495
Advanced analytical techniques are gaining popularity in addressing complex classification type decision problems in …
Persistent link: https://www.econbiz.de/10011656508
Although data mining has been successfully implemented in the business world for some time now, its use in higher education is still relatively new, i.e. its use is intended for identification and extraction of new and potentially valuable knowledge from the data. Using data mining the aim was...
Persistent link: https://www.econbiz.de/10011985060
Background: Given the importance of customers as the most valuable assets of organizations, customer retention seems to be an essential, basic requirement for any organization. Banks are no exception to this rule. The competitive atmosphere within which electronic banking services are provided...
Persistent link: https://www.econbiz.de/10011808217
, if properly extracted, may be suitable for searching, classification, or statistical analysis. For this reason, in order … work presents a Machine Learning Multi-Label approach for the classification of the information extracted from the …
Persistent link: https://www.econbiz.de/10012141490
Adaptive and innovative application of classical data mining principles and techniques in time series analysis has resulted in development of a concept known as time series data mining. Since the time series are present in all areas of business and scientific research, attractiveness of mining...
Persistent link: https://www.econbiz.de/10011557598
When evaluating the significance of calendar effects, such as those associated with Monday and January, it is necessary to control for all possible calendar effects to avoid spurious results. The downside of having to control for a large number of possible calendar effects is that it diminish...
Persistent link: https://www.econbiz.de/10010318856
researchers. In this study stock picking is implemented via binary classification trees. Optimal tree size is believed to be the …
Persistent link: https://www.econbiz.de/10010263732
Data sets from car insurance companies often have a high-dimensional complex dependency structure. The use of classical statistical methods such as generalized linear models or Tweedie?s compound Poisson model can yield problems in this case. Christmann (2004) proposed a general approach to...
Persistent link: https://www.econbiz.de/10010296633