Machine Learning in Finance with Classification approach - Online Technical Discussion Groups--Wolfram Community

We discuss classification as the data-mining technique in patterns recognition and supervised machine-learning. Comparison of classification to other data exploration methods is presented and the importance of this approach is further discussed. We demonstrate the machine-learning method in finance and show how credit risk categorisation can be easily achieved with classification technique. Searching for patterns in economic and financial data has a long history. One of the oldest approached explored by econometricians was the data arrangement into groups based on their similarities and differences. As computer resources improved there was a growth in the scope and availability of new computational methods.