TECHNIQUES OF ANALYSIS AND DIAGNOSTICS OF THE COMPANIES ON THE BASIS OF FINANCIAL INDEX

Not only banks do that and all the non-financial firms who want to check the solvability of a company. In this way there were created the scoring models. These models help the decided factors from a company to classify the companies and, depending of the score, to give or not the loan.techniques

DATA MINING AND THE PROCESS OF TAKING DECISIONS IN EBUSINESS

Data mining software allows users to analyze large databases to solve business decision problems. Data mining is, in some ways, an extension of statistics, with a few artificial intelligence and machine learning twists thrown in. Like statistics, data mining is not a business solution, it is just a technology. For example, consider a catalog retailer who needs to decide who should receive information about a new product. The information operated on by the data mining process is contained in a historical database of previous interactions with customers and the features associated with the customers, such as age, zip code, their responses. The data mining software would use this historical information to build a model of customer behavior that could be used to predict which customers would be likely to respond to the new product. By using this information a marketing manager can select only the customers who are most likely to respond. The operational business software can then feed the results of the decision to the appropriate touch point systems (call centers, direct mail, web servers, email systems, etc.) so that the right customers receive the right offers.data mining, business decisions, data analysis, cluster analysis, decision strategy

SMART CARDS - UTILITY, APPLICATIONS AND VULNERABILITIES

The Internet has taken its place beside the telephone and television as an important part of people’s lives. Consumers use the Internet to shop, bank and invest online. Most consumers use credit or debit cards to pay for online purchases, but other payment methods, like “e-wallets,” are becoming more common. But not all the payments are safe there are a lot of fake sites, hackers, viruses.smart cards, e-payment, vulnerabilities, security

AN ECONOMETRICAL MODEL FOR CALCULATING THE ROMANIAN GROSS DOMESTIC PRODUCT

This article analyzes the possibility of determining the Romanian Gross Domestic Product on the basis of a linear model, based on macroeconomic indicators such as unemployment, inflation, exchange rate. The proposed solution allows forecasting the Gross Domestic Product for the following period of time based on equation determined from the model in order to develop scenarios for improving the macroeconomic situation of Romania. The article also can be a starting point in the field of strategic investments, both at macro and micro level. Any foreign investor, before starting a business in another country, calculated and also made predictions about the economic situation of that country, in order not to lose the investment made.regression, GDP, inflation, unemployment, forecast

CLASSIFICATION OF EUROPEAN UNION COUNTRIES FROM DATA MINING POINT OF VIEW, USING SAS ENTERPRISE GUIDE

With the development of computers and the increasing the amount of data it appeared the need of identifying new acquaintances, unknown until that moment in a relatively short time. The term of data mining involves the analysis of data from different views (aspects) in order to extract the knowledge to use them further in the foundation of decisions at microeconomic or macroeconomic levels. In this article we apply data analysis techniques such as principal component analysis and cluster analysis in order to group the countries of the European Union based on the financial indicators registered at the end of 2009 year.classification, cluster, data mining, European Union, financial indicators

TECHNIQUES OF ANALYSIS AND DIAGNOSTICS OF THE COMPANIES ON THE BASIS OF FINANCIAL INDEX

Not only banks do that and all the non-financial firms who want to check the solvability of a company. In this way there were created the scoring models. These models help the decided factors from a company to classify the companies and, depending of the score, to give or not the loan.techniques

SMART CARDS - UTILITY, APPLICATIONS AND VULNERABILITIES

The Internet has taken its place beside the telephone and television as an important part of people’s lives. Consumers use the Internet to shop, bank and invest online. Most consumers use credit or debit cards to pay for online purchases, but other payment methods, like “e-wallets,” are becoming more common. But not all the payments are safe there are a lot of fake sites, hackers, viruses.smart cards, e-payment, vulnerabilities, security