| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 981836 | Procedia Economics and Finance | 2013 | 7 Pages |
Abstract
Expert systems simulate the formal reasoning of human expert in a narrow field like stock trading. The traditional method is using IF-THEN rules. Nowadays, Belief Rule Base (BRB) expert systems are capable to perform reasoning based both qualitative and quantitative information. The paper presents a SWOT analysis of expert systems, emphasizing the opportunities the use of expert systems offers to economics field. Using expert systems in economics field provides strategic benefits like: competitive financial advantages, investment advisory, better organisation of workflow, back-up for key experts, training tool for new employees, diagnosis of critical aspects, prognosis of economic trends.
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