A system, method and computer program product for classification of an analog electrical signal using statistical models of training data. A technique is described to quantize the analog electrical signal in a manner which maximizes the compression of the signal while simultaneously minimizing the diminution in the ability to classify the compressed signal. These goals are achieved by utilizing a quantizer designed to minimize the loss in a power of the log-likelihood ratio. A further technique is described to enhance the quantization process by optimally allocating a number of bits for each dimension of the quantized feature vector subject to a maximum number of bits available across all dimensions.