Influence nets based decision support system

Faculty / School

Faculty of Computer Sciences (FCS)

Department

Department of Computer Science

Was this content written or created while at IBA?

Yes

Document Type

Conference Paper

Publication Date

2012

Conference Name

The Seventh IASTED International Conference on Advances in Computer Science and Engineering (ACSE 2012)

Conference Location

Phuket, Thailand

Conference Dates

2-4 April 2012

ISBN/ISSN

84861950912 (Scopus)

First Page

414

Publisher

ACTA Press

Abstract / Description

This paper demonstrates how Influence Nets can aid in strategic level decision making about investment in a stock market. Unlike most of the reported techniques, which look at the past micro-level data to develop a predictive model, the analysis done via Influence Nets work at the macro or strategic level and helps in identifying the main factors that impact the variable(s) of interest. In addition, it also caters well for unprecedented or not-so-frequent events whose impacts on the decision variable(s) are not captured appropriately in the past data but is quite clear in the mind of subject matter experts. Influence Nets allow subject matter experts to define cause and effect relationships among variables within a problem domain. In addition, with the aid of tools like sensitivity and what-if analyses it helps in identifying the most important factors affecting variable(s) of interest.

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