Application of MLP networks to bond rating and house pricing

Neural Computing and Applications

Volumn 8, Issue 3, 1999, Pages 226-233

  Daniels, H ^a,b   Kamp, B ^a,c  

^a TILBURG UNIVERSITY   (Netherlands)

^b ERASMUS UNIVERSITY   (Netherlands)

^c BDO CampsObers   (Netherlands)

Author keywords

Classification; Error estimation; Finance; Monotonic neural networks

Indexed keywords

EID: 0033240930     PISSN: 09410643     EISSN: None     Source Type: Journal    
DOI: 10.1007/s005210050025     Document Type: Article

References (22)

1. Verkooijen WJH. Neural Networks in Economic Modelling, An Empirical Study. CentER dissertation, 1996
2. Geman S, Bienenstock E, Doursat R. Neural networks and the bias/variance dilemma. Neural Computation 1981; 4: 817-823
3. Ripley BD. Flexible non-linear approaches to classification. In From Statistics to Neural Networks; Theory and Pattern Recognition Applications. Springer-Verlag, 1993
4. Parley AM, Lin KP. Qualitative reasoning in economics. Journal of Economic Dynamics and Control 1990; 14: 465-490
5. Berndsen R, Daniels H. Causal reasoning in economic systems. Journal of Economics and Control 1994; 18: 251-271
6. Daniels HAM, Kamp B, Verkooijen WJ. Modelling non-linearity in economic classification with neural networks. International Journal of Intelligent Systems in Accounting, Finance and Management 1997; 3: 287-308
7. Horrigan JO. The determination of long-term credit standing with financial ratios. Journal of Accounting Research 1966 4 (supplement): 44-62
8. Pogue TF, Soldofsky RM. What's in a bond rating? Journal of Financial and Quantitative Analysis 1969; 4: 201-228
9. West RR. An alternative approach to predicting corporate bond ratings. Journal of Accounting Research 1970; 7: 118-125
10. Pinches GE, Mingo KA. A multivariate analysis of industrial bond ratings. The Journal of Finance 1973; 28: 1-17
11. Peavy JW. Long run implications of industrial bond ratings as risk surrogates. Journal of Bank Research 1982; 34: 331-341
12. Belkaoui A. Industrial bond ratings: A New Look. Financial Management 1980; 9: 44-50
13. Moody J. Architecture selection strategies for neural networks: application to corporate bond rating prediction. Neural Networks in the Capital Market. Wiley, New York, 1994
14. Dutta S, Shekhar S. Bond rating: A non-conservative application of neural networks. Proceedings of the IEEE Conference of San Diego, 1988
15. Kim JW, Weistroffer HR, Redmond RT. Expert systems for bond rating: a comparative analysis of statistical, rule-based and neural network systems. Expert Systems 1993; 10: 167-188
16. Altman E, Katz S. Statistical bond rating classification using financial and accounting data. Proceedings of the Conference on Topical Research in Accounting, 1976
17. Hawkins DF. Rating industrial bonds. Financial Executives Research Foundation, Morristown, NJ, 1983
18. Lev B. Financial Statement Analysis: A new approach. Prentice Hall, Englewood Cliffs, 1974
19. Janssen J. De prijsvorming van bestaande koopwoningen. PhD thesis, Catholic University Nijmegen, 1992
20. Harrison O, Rubinfeld D. Hedonic prices and the demand for clean air. Journal of Environmental Economics and Management 1978; 53: 81-102
21. Archer NP, Wang S. Application of the back propagation neural network algorithm with monotonicity conditions for two-group classification problems. Decision Sciences 1993; 24: 60-75
22. Wang S. A neural network method of density estimation for univariate unimodal data. Neural Computation & Applications 1994; 2: 160-167