IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-662-53785-5_9.html
   My bibliography  Save this book chapter

Data Mining Models and Enterprise Risk Management

In: Enterprise Risk Management Models

Author

Listed:
  • David L. Olson

    (University of Nebraska)

  • Desheng Dash Wu

    (Stockholm University
    University of Chinese Academy of Sciences)

Abstract

The advent of big data has led to an environment where billions of records are possible. Data mining is demonstrated on a financial risk set of data using R (Rattle) computations for the basic classification algorithms in data mining. We have not demonstrated that scope by any means, but have demonstrated small-scale application of the basic algorithms. The intent is to make data mining less of a black-box exercise, thus hopefully enabling users to be more intelligent in their application of data mining. We demonstrate an open source software product. R is a very useful software, widely used in industry and has all of the benefits of open source software (many eyes are monitoring it, leading to fewer bugs; it is free; it is scalable). Further, the R system enables widespread data manipulation and management.

Suggested Citation

  • David L. Olson & Desheng Dash Wu, 2017. "Data Mining Models and Enterprise Risk Management," Springer Texts in Business and Economics, in: Enterprise Risk Management Models, edition 2, chapter 9, pages 119-132, Springer.
  • Handle: RePEc:spr:sptchp:978-3-662-53785-5_9
    DOI: 10.1007/978-3-662-53785-5_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Evelina Di Corso & Tania Cerquitelli & Daniele Apiletti, 2018. "METATECH: METeorological Data Analysis for Thermal Energy CHaracterization by Means of Self-Learning Transparent Models," Energies, MDPI, vol. 11(6), pages 1-24, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-662-53785-5_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.