NeuroXL Classifier - Neural Network Finance Application - Credit and Loans Neural Networks have enjoyed widespread adoption in finance due partly to their excellent ability to classify data. A prime example of a finance application is classifying loan applications. Analysis of who defaults on loans and why is big business. Banks can prevent significant losses by obtaining a solid understanding of who will default on a mortgage. Determining the correlations that lead to bad loans can be an effective way of reducing the risk associated with loans, by pointing out high-risk applicants who should be avoided at all costs. NeuroXL Classifier Software is an add-in for Microsoft Excel that can be used to provide highly accurate classifications of loan applications. When evaluating requests for loans, numerous interrelated variables influence the final decision as to whether the individual is credit worthy. NeuroXL Classifier can make decisions easier by classifying loan applications based on numerous complex variables. For example, the following inputs and outputs could be used: Inputs: - Home ownership status
- Years in current position
- Bank account balance
- Occupation
Output: - Classify as High-risk / Low-risk / Medium-risk
All the analyst needs to do is to specify the inputs and set a few parameters - NeuroXL Classifier then does the work of classifying the loan applications. Advanced Technology for Classification Neural networks are a well-established technology for solving classification problems in finance that use training and testing data to build a model. The data involves historical data sets containing input variables, or data fields, which correspond to an output. The training data is what the networks use to "learn" the patterns and similarities in the data. NeuroXL Classifier as a tool for Financial Analysts NeuroXL Classifier has become quite popular with financial analysts, having proven their classification powers through comparison with other applications and techniques. Using Classifier, all the user needs to do is to specify the inputs and outputs and set the required parameters. Price advantage Classification software as sophisticated as NeuroXL Classifier usually costs hundreds, sometimes even thousands of dollars. NeuroXL Classifier is the first and only solution to offer this advanced technology for less than fifty dollars! More information For more information on NeuroXL Classifier and other products, please visit our home page. Useful Links | 
