An Evaluation of Financial Planning Expert Systems
Date
1992
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Association for Financial Counseling and Planning Education
Abstract
This article describes the use of expert systems in personal financial planning
and the research approach used to evaluate the expert systems. For four of the
six expert systems that have been developed, it compares the data-collection
forms and information used in preparing personal financial plans. Then, it
discusses environmental and system assumptions. Lastly, the article analyzes
the impact of the variations observed in information requested, system
parameters, and system assumptions, and, when possible, compares the
recommendations of the plans.
Description
Permission granted to deposit this article Nov. 23, 2010.
Keywords
expert systems, personal financial planning
Citation
Phillips, M.E., Nielson, N.L., and Brown, C.E., "An Evaluation of Financial Planning Expert Systems," Financial Counseling and Planning, 1992. pp. 79-103.