Methods and systems for creating one or more statistical classifiers. A first set of performance parameters, corresponding to the one or more applications and the one or more computing infrastructures, is extracted from a historical data pertaining to the execution of the one or more applications on the one or more computing infrastructures. Further, a set of application-specific and a set of infrastructure-specific parameters are selected, from the first set of performance parameters, based on one or more statistical techniques. A similarity between each pair of the applications, each pair of the computing infrastructures, and each pair of possible combinations of an application and a computing infrastructure is determined. One or more statistical classifiers are created, based on the determined similarity.