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Discrete artificial bee colony optimization algorithm for financial classification problems

Marinakis Ioannis, Marinaki Magdalini, Zopounidis Konstantinos, Matsatsinis Nikolaos

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URIhttp://purl.tuc.gr/dl/dias/D0AAC748-5349-4413-97C1-0B1467A873A3-
Identifierhttps://doi.org/10.4018/jamc.2011010101-
Languageen-
Extent17 pagesen
TitleDiscrete artificial bee colony optimization algorithm for financial classification problemsen
CreatorMarinakis Ioannisen
CreatorΜαρινακης Ιωαννηςel
CreatorMarinaki Magdalinien
CreatorΜαρινακη Μαγδαληνηel
CreatorZopounidis Konstantinosen
CreatorΖοπουνιδης Κωνσταντινοςel
CreatorMatsatsinis Nikolaosen
CreatorΜατσατσινης Νικολαοςel
Content SummaryNature-inspired methods are used in various fields for solving a number of problems. This study uses a nature-inspired method, artificial bee colony optimization that is based on the foraging behaviour of bees, for a financial classification problem. Financial decisions are often based on classification models, which are used to assign a set of observations into predefined groups. One important step toward the development of accurate financial classification models involves the selection of the appropriate independent variables (features) that are relevant to the problem. The proposed method uses a discrete version of the artificial bee colony algorithm for the feature selection step while nearest neighbour based classifiers are used for the classification step. The performance of the method is tested using various benchmark datasets from UCI Machine Learning Repository and in a financial classification task involving credit risk assessment. Its results are compared with the results of other nature-inspired methods.en
Type of ItemPeer-Reviewed Journal Publicationen
Type of ItemΔημοσίευση σε Περιοδικό με Κριτέςel
Licensehttp://creativecommons.org/licenses/by/4.0/en
Date of Item2015-11-05-
Date of Publication2011-
SubjectCapability, Financial (Financial literacy)en
SubjectFinancial capability (Financial literacy)en
SubjectLiteracy, Financialen
Subjectfinancial literacyen
Subjectcapability financial financial literacyen
Subjectfinancial capability financial literacyen
Subjectliteracy financialen
Bibliographic CitationY. Marinakis, M. Marinaki, N. Matsatsinis , C. Zopounidis, "Discrete artificial bee colony optimization algorithm for financial classification problems, "Intern. J.of Applied Metah. Computing,vol. 2,no. 1, pp. 1-17, 2011.doi:10.4018/jamc.2011010101en

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