Abstract
This paper presents a framework for using a case-based reasoning system for stock analysis in financial market. The unique aspect of this paper is the use of a hierarchical structure for case representation. The system further incorporates a multi-criteria decision-making algorithm which furnishes the most suitable solution with respect to the current market scenario. Two important aspects of financial market are addressed in this paper: stock evaluation and investment planning. CBR and multi-criteria when used in conjunction offer an effective tool for evaluating goodness of a particular stock based on certain factors. The system also suggests a suitable investment plan based on the current assets of a particular investor. Stock evaluation maps to a flat case structure, but investment planning offers a scenario more suited for structuring the case into successive detailed layers of information related to different facets. This naturally leads to a hierarchical case structure.
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Sushmita, S., Chaudhury, S. (2007). Hierarchical Fuzzy Case Based Reasoning with Multi-criteria Decision Making for Financial Applications. In: Ghosh, A., De, R.K., Pal, S.K. (eds) Pattern Recognition and Machine Intelligence. PReMI 2007. Lecture Notes in Computer Science, vol 4815. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-77046-6_28
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DOI: https://doi.org/10.1007/978-3-540-77046-6_28
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