An approach to efficient business intelligent system for financial prediction

Abstract

A concept of business intelligent system for financial prediction is considered in this paper. It provides data needed for fast, precise and good business decision support to all levels of management. The aim of the project is the development of a new online analytical processing oriented on case-based reasoning (CBR) where a previous experience for every new problem is taken into account. Methodological aspects have been tested in practice as a part of the management information system development project of "Novi Sad Fair". A case study of an improved application of CBR in prediction of future payments is discussed in the paper. © Springer-Verlag 2007.