The Difference Between Economic And Artificial Intelligent Methods
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Artificial Intelligence in Economics and Managment
Author: Phillip Ein-Dor
language: en
Publisher: Springer Science & Business Media
Release Date: 2012-12-06
In the past decades several researchers have developed statistical models for the prediction of corporate bankruptcy, e. g. Altman (1968) and Bilderbeek (1983). A model for predicting corporate bankruptcy aims to describe the relation between bankruptcy and a number of explanatory financial ratios. These ratios can be calculated from the information contained in a company's annual report. The is to obtain a method for timely prediction of bankruptcy, a so ultimate purpose called "early warning" system. More recently, this subject has attracted the attention of researchers in the area of machine learning, e. g. Shaw and Gentry (1990), Fletcher and Goss (1993), and Tam and Kiang (1992). This research is usually directed at the comparison of machine learning methods, such as induction of classification trees and neural networks, with the "standard" statistical methods of linear discriminant analysis and logistic regression. In earlier research, Feelders et al. (1994) performed a similar comparative analysis. The methods used were linear discriminant analysis, decision trees and neural networks. We used a data set which contained 139 annual reports of Dutch industrial and trading companies. The experiments showed that the estimated prediction error of both the decision tree and neural network were below the estimated error of the linear discriminant. Thus it seems that we can gain by replacing the "traditionally" used linear discriminant by a more flexible classification method to predict corporate bankruptcy. The data set used in these experiments was very small however.
Artificial Intelligent Techniques for Electric and Hybrid Electric Vehicles
Electric vehicles are changing transportation dramatically and this unique book merges the many disciplines that contribute research to make EV possible, so the reader is informed about all the underlying science and technologies driving the change. An emission-free mobility system is the only way to save the world from the greenhouse effect and other ecological issues. This belief has led to a tremendous growth in the demand for electric vehicles (EV) and hybrid electric vehicles (HEV), which are predicted to have a promising future based on the goals fixed by the European Commission's Horizon 2020 program. This book brings together the research that has been carried out in the EV/HEV sector and the leading role of advanced optimization techniques with artificial intelligence (AI). This is achieved by compiling the findings of various studies in the electrical, electronics, computer, and mechanical domains for the EV/HEV system. In addition to acting as a hub for information on these research findings, the book also addresses the challenges in the EV/HEV sector and provides proven solutions that involve the most promising AI techniques. Since the commercialization of EVs/HEVs still remains a challenge in industries in terms of performance and cost, these are the two tradeoffs which need to be researched in order to arrive at an optimal solution. Therefore, this book focuses on the convergence of various technologies involved in EVs/HEVs. Since all countries will gradually shift from conventional internal combustion (IC) engine-based vehicles to EVs/HEVs in the near future, it also serves as a useful reliable resource for multidisciplinary researchers and industry teams.
The Difference Between Economic and Artificial Intelligent Methods
Author: Johnny Ch Lok
language: en
Publisher: Independently Published
Release Date: 2018-11-16
How AI technology influnce productivities and service performance ? Whether it can raise productivities and improve service performance?This book aims to explain why and how future artificial intelligent technology ( big data gathering method) can be applied to assit businesses to predict why and when and how consumer behavior changes. I shall explain why traditional psychological and statistic and marketing methods are applied to predict consumer behaviors, human's judgement and analytical effort will be worse to compare AI machine's judgement and analytical effort. Also, I shall indicate different business organizations why they apply AI big data gathering method to help them to design any questionnaires ( surveys) questions which will be more valid and useful to conclude human's questionnaires ( surveys) design questions method.This book has these two research questions need to be answered?(1)Can apply (AI) learning machine predict consumer behaviors?(2)Can (AI) learning machine replace human marketing research method, e.g. survey or human psychological and micro and macro economic methods to predict consumer behaviors more accurate?Nowadays, many businessmen or marketing research professional hope to apply different methods to predict consumer behaviors in order to know what will be future market activities and market changes to help them to choose to implement what kinds of marketing strategies more accurately. The methods include economic environmental change prediction method, consumer individual psychological change prediction method, micro or macro behavioral economic environmental change prediction method, marketing environmental change prediction method etc. different kinds of methods which can be applied to predict how consumer behavioral changes to influence whose behavioral consumption to the manufacturer products sale within one to two years short term or three to five years middle term, even above five years long term business plans.Hence, if the product manufacturers can apply the most suitable consumer behavioral prediction method to predict how consumers' choice will be changed to influence their products sale easily. It will have more beneficial intangible and tangible advantages to achieve the their product easier sale aim to ensure their businesses' future market share to be increased more easier to their countries' choice target sale markets. Otherwise, if they applied the inaccurate consumer behavioral prediction methods to predict how their consumers' behavioral changes wrongly. Then, it will influence their market shares to be same level, even it will decrease their market shares, when their consumer behavioral prediction inaccurately.In my this book first part, I concentrate on indicate whether any artificial intelligence (AI) tools will be one kind of good consumer behavioral prediction method to be choose to apply to predict consumer behaviors. I shall indicate some examples, cases to give reasonable evidences to analyze whether (AI) tools will be one kind suitable tool to be applied to predict when and how consumer behavioral changes. If (AI) can be one kind tool to attempt to be applied to predict when and how consumer behavioral changes. Will it replace other kinds of methods to predict consumer behaviors? Does it have weaknesses to be applied to predict consumer behaviors, instead of strengths? Can it be applied to predict consumer behaviors depending on any situations of only some situation? Finally, I believe that any readers can find answers to answer above these questions in this book.