NOTE: Any rules in this assignment (mine or from the original source) should not be considered real investment advice.
Task:
· File1:
o Change Rules:
§ I believe that a person who is retired does not need life insurance in order to for their insurance coverage to be adequate. Change rule(s) to reflect this.
§ In the rule to conclude that education needs are NOT funded, add to the LHS that there are child(ren) headed to college (not just that there are kids) so that a 30 year-old child doesn’t cause a need to save for college.
o Add / Change Rules (CF 0.8 unless otherwise specified):
§ Somebody who is willing to sustain significant short term money losses in order to obtain long term gains (new piece of input), then their risk tolerance is high (CF .7)
§ Somebody who would otherwise be recommended for Growth and Income but who has high risk tolerance would be recommended for Aggressive
§ Somebody who would otherwise be recommended for Growth and Income but who has low risk tolerance would be recommended for ConservativeGrowth
· Trace1: Run the expert system, (with fact duplication on, showing Compilations, Facts, and Rules) after loading your amended financial planning rules file and the original financialplanningstart1.clp, tracing execution.
o Q1: What is the strongest recommendation of the system?
· File2: Different Problem:
o Create a new start rule (in a separate file) with a different client:
§ Name: Ethyl
§ Has health insurance
§ Has life insurance
§ Has current savings balance of $20,000
§ Earns a monthly salary of $3,000
§ Is covered by a pension plan
§ Is married
§ Has one child, age 23
§ Is 68 years old
§ Owns a home
§ Enjoys gambling (CF 0.8)
§ Budget sometimes (CF 0.8)
§ Doesn’t worry about money at night (CF 0.9)
o Trace2: Run the expert system, tracing execution
o Q2: What is the strongest recommendation of the system?
· File3: Different Problem:
o Create a new start rule (in a separate file) with a different client such that the strongest recommendation is to use an Conservative Growth fund:
o Trace3: Run the expert system, tracing execution
· Consider the changing social security situation, in which a substantial number of people may not retire at 65.
o Q3: What changes might be necessary in the set of rules?
· Change execution environment:
o Set the threshold below which a conclusion is not to be believed to 0.6 using set-threshold in the execution window
o Trace4: Run the expert system on the original problem (with your revised rules), tracing execution
o Q4: Do you believe that the results are “better”? Why or why not?
Turn In:
· Softcopy of your revised rules (preferably named yourlastnamefinancialplanning.clp)
· Hard or softcopies of your four traces (dribbles)
· Softcopy of your basic start-up client info for the two different problems (preferably named yourlastnamefinancialplanningstart2.clp & 3)
· Answers to all questions above (either hard or soft copy).
Softcopies should be zipped together and submitted to Blackboard. Any hardcopies need to be turned in in person.
NOTE: