ARTIFICIAL NEURAL NETWORKS AND THEIR APPLICATIONS IN BUSINESS

In modern software implementations of artificial neural networks the approach inspired by biology has more or less been abandoned for a more practical approach based on statistics and signal processing. In some of these systems, neural networks, or parts of neural networks (such as artificial neurons), are used as components in larger systems that combine both adaptive and non-adaptive elements. There are many problems which are solved with neural networks, especially in business and economic domains. Key words: neuron, neural networks, artificial intelligence, feed-forward neural networks, classificatio