Feature selection for financial data classification: Islamic finance application

The rapid growth of computing technology to process vast amount of data has impelled more interest in data mining. Such interest was mainly aimed at knowledge discovery to improve decision making process in diverse range of applications, including Islamic finance. One of the most critical steps in...

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Main Authors: Kartiwi, Mira, Gunawan, Teddy Surya, Arundina, Tika, Omar, Mohd. Azmi
Format: Proceeding Paper
Language:English
English
Published: Institute of Electrical and Electronics Engineers Inc. 2019
Subjects:
Online Access:http://irep.iium.edu.my/71851/
http://irep.iium.edu.my/71851/1/71851_Feature%20Selection%20for%20Financial%20Data%20Classification.pdf
http://irep.iium.edu.my/71851/7/71851%20Feature%20selection%20for%20financial%20data%20classification%20SCOPUS.pdf
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author Kartiwi, Mira
Gunawan, Teddy Surya
Arundina, Tika
Omar, Mohd. Azmi
author_facet Kartiwi, Mira
Gunawan, Teddy Surya
Arundina, Tika
Omar, Mohd. Azmi
author_sort Kartiwi, Mira
building IIUM Repository
collection Online Access
description The rapid growth of computing technology to process vast amount of data has impelled more interest in data mining. Such interest was mainly aimed at knowledge discovery to improve decision making process in diverse range of applications, including Islamic finance. One of the most critical steps in data mining is data preprocessing, as it would directly affect the quality of insights obtained at the later stage. Feature selection has been widely used in data preprocessing phase to improve the machine learning algorithm and model interpretability. However, there has been limited attention has been given on the evaluation of feature selection methods on its effectiveness to process input data for Induction Decision Tree (IDT). Hence, this study aims to address such gap in the literature through the use of real-world data in Islamic finance to evaluate the improvement that generated by feature selection method. The result of the study shows that the use of such technique has resulted in better performance of the IDT model generated in the study.
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format Proceeding Paper
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institution International Islamic University Malaysia
institution_category Local University
language English
English
last_indexed 2025-11-14T17:26:14Z
publishDate 2019
publisher Institute of Electrical and Electronics Engineers Inc.
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repository_type Digital Repository
spelling iium-718512019-06-11T07:52:02Z http://irep.iium.edu.my/71851/ Feature selection for financial data classification: Islamic finance application Kartiwi, Mira Gunawan, Teddy Surya Arundina, Tika Omar, Mohd. Azmi HG3368 Islamic Banking and Finance T58.6 Management information systems The rapid growth of computing technology to process vast amount of data has impelled more interest in data mining. Such interest was mainly aimed at knowledge discovery to improve decision making process in diverse range of applications, including Islamic finance. One of the most critical steps in data mining is data preprocessing, as it would directly affect the quality of insights obtained at the later stage. Feature selection has been widely used in data preprocessing phase to improve the machine learning algorithm and model interpretability. However, there has been limited attention has been given on the evaluation of feature selection methods on its effectiveness to process input data for Induction Decision Tree (IDT). Hence, this study aims to address such gap in the literature through the use of real-world data in Islamic finance to evaluate the improvement that generated by feature selection method. The result of the study shows that the use of such technique has resulted in better performance of the IDT model generated in the study. Institute of Electrical and Electronics Engineers Inc. 2019-04-15 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/71851/1/71851_Feature%20Selection%20for%20Financial%20Data%20Classification.pdf application/pdf en http://irep.iium.edu.my/71851/7/71851%20Feature%20selection%20for%20financial%20data%20classification%20SCOPUS.pdf Kartiwi, Mira and Gunawan, Teddy Surya and Arundina, Tika and Omar, Mohd. Azmi (2019) Feature selection for financial data classification: Islamic finance application. In: 2018 IEEE 5th International Conference on Smart Instrumentation, Measurement and Application (ICSIMA), 28th-30th November 2018, Songkla, Thailand. https://ieeexplore.ieee.org/document/8688803 10.1109/ICSIMA.2018.8688803
spellingShingle HG3368 Islamic Banking and Finance
T58.6 Management information systems
Kartiwi, Mira
Gunawan, Teddy Surya
Arundina, Tika
Omar, Mohd. Azmi
Feature selection for financial data classification: Islamic finance application
title Feature selection for financial data classification: Islamic finance application
title_full Feature selection for financial data classification: Islamic finance application
title_fullStr Feature selection for financial data classification: Islamic finance application
title_full_unstemmed Feature selection for financial data classification: Islamic finance application
title_short Feature selection for financial data classification: Islamic finance application
title_sort feature selection for financial data classification: islamic finance application
topic HG3368 Islamic Banking and Finance
T58.6 Management information systems
url http://irep.iium.edu.my/71851/
http://irep.iium.edu.my/71851/
http://irep.iium.edu.my/71851/
http://irep.iium.edu.my/71851/1/71851_Feature%20Selection%20for%20Financial%20Data%20Classification.pdf
http://irep.iium.edu.my/71851/7/71851%20Feature%20selection%20for%20financial%20data%20classification%20SCOPUS.pdf