A modified fruit fly optimisation for classification of financial distress using FLANN. (2017)

• Record Type: Journal Article
• Authors: Sahu, Soumya Ranjan; Kanungo, Devi Prasanna; Behera, Himansu Sekhar
• Is Part Of: International journal of data science. Volume 2:Number 2(2017)
• Page Start: 155
• Page End: 172
• Publication Date: 2017
• Subjects: classification -- FLANN -- functional link artificial neural network -- financial credit risk -- CRO -- chemical reaction optimisation -- clustering -- FCM -- fuzzy C-means -- FOA -- fruit fly optimisation -- IFFO -- improved fruit fly optimisation; Big data -- Periodicals; Data mining -- Periodicals; Information storage and retrieval systems -- Periodicals; Decision making -- Data processing -- Periodicals; 005.7
• Languages: English
• ISSNs: 2053-0811

Abstract

Current financial market has become proficient enough to cater to the needs of a large customer base. But, at the same time, the number of market catastrophes is on the rise leading to the increase in the demand of precise and potential classifier models. In this work, a hybrid model of clustering and neural network-based classifier has been proposed, i.e., FCM-FLANN-IFFO. Three financial credit risk datasets were applied in the experiment and the model is evaluated using 12 different performance metrics. This novel metaheuristic uses an improved version of fruit fly algorithm which is inspired by the foraging behaviour of the fruit flies to locate their food. The experimental results illustrates that proposed model outperforms other models. The proposed model provides brilliant results with 94.91% of classification accuracy.