Don’t miss our next Q Club Tuesday, April 22 at 11:50am in Valentine 205/206!
Dan Mulcahey will provide an introduction to cluster analysis and discuss an application in Economics.
Title: Identifying Groups of Similarly Performing Mutual Funds Using Cluster Analysis
Abstract: Cluster analysis is an explanatory tool used to identify groups within data. After giving an overview of some clustering algorithms, we use recent percent returns to find clusters of similarly performing mutual funds and demonstrate how Word Clouds can be used to conveniently summarize fund descriptions and quickly identify the similarities among funds in each cluster, and the differences among funds between clusters.