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An Analysis of the Use of Predictive Modeling with Business Intelligence Systems for Exploration of Precious Metals Using Biogeochemical Data

Thomas A. Woolman and John C. Yi
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Thomas A. Woolman: On Target Technologies, Amissville, VA, USA
John C. Yi: Department of Decision and System Sciences, Saint Joseph’s University, Philadelphia, PA, USA

International Journal of Business Intelligence Research (IJBIR), 2013, vol. 4, issue 2, 39-53

Abstract: This study addresses the use of predictive modeling techniques; primarily feed-forward artificial neural networks as a tool for forecasting geological exploration targets for gold prospecting. It also provides evidence of effectiveness of using Business Intelligence systems to model pathfinder variables, anomaly detection, and forecasting to locate potential exploration sites for precious metals. The results indicate that the use of advanced Business Intelligence systems can be of extremely high value to the extractive minerals exploration industry.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jbir00:v:4:y:2013:i:2:p:39-53

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