A Hybrid Fuzzy Time Series Model for Forecasting

Researchers are finding their way to solve the chaotic and uncertain problems using the extensions of classical fuzzy model. At present Interval Type-2 Fuzzy logic Systems (IT2-FLS)are extensively used after the thriving exploitation of Type-2 FLS. Fuzzy time series models have been used for foreca...

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Bibliographic Details
Main Authors: Saima, H, Jaafar, J., Brahim Belhaouari, Samir
Format: Article
Published: International Association of Engineers 2012
Subjects:
Online Access:http://eprints.utp.edu.my/7487/1/EL_20_1_11.pdf
http://www.engineeringletters.com/
http://eprints.utp.edu.my/7487/
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Summary:Researchers are finding their way to solve the chaotic and uncertain problems using the extensions of classical fuzzy model. At present Interval Type-2 Fuzzy logic Systems (IT2-FLS)are extensively used after the thriving exploitation of Type-2 FLS. Fuzzy time series models have been used for forecasting stock and FOREX indexes, enrollments, temperature, disease diagnosing and weather. In this paper an integrated fuzzy time series model based on ARIMA and IT2-FLS is presented. The propose model will use ARIMA to select appropriate coefficients from the observed dataset. IT2-FLS is utilized here for forecasting the result with more accuracy and certainty.