BizTerm Definition
Expert System
Full Definition

A computer software system which evaluates a situation(s) based upon a set of rules and results which have been given to it by a human expert in the situation(s). Expert systems are the most common type of artificial intelligence systems in use in financial engineering. See also Certainty level, constraint propagation, data directed search, deductive reasoning, domain knowledge, first order logic, goal directed search, heuristics, inductive reasoning, inference engine, inheritance, knowledge..., machine learning, metadata, production rules, .

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