Artificial Neural Systems: A Necessary Tool for Financial Decision Making

The African Journal of Finance and Management

ISSN :

J., M. J., K.

Aticle Publication Date : 01-07-1995


Abstract

Artificial Neural Systems (ANS) is a computer program that simulate processes by which human learning and intuition take place. Artificial Neural Systems are well suited to deal with output.In particular,artificial neural systems are most effectively applied to three areas - classification,associative memory and clustering. In that area of financial decision making, some potential applications include assessment of bankruptcy risk, identification of arbitrage opportunities and technical fundamental analysis.

Citation

J., M. J., K. (1995), "Artificial Neural Systems: A Necessary Tool for Financial Decision Making", The African Journal of Finance and Management, Volume 3 Issue 2
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