A drawback of traditional forecasting methods is that they can not deal with forecasting problems in which the historical data are represented by linguistic values. Using fuzzy time series to deal with forecasting problems can overcome this drawback. In this paper, we propose a new fuzzy time series model called the two-factors time-variant fuzzy time series model to deal with forecasting probl...

With the capability of dealing with vague and incomplete data, the study of fuzzy time series has attracted great interest and is expected to expand rapidly. Song and Chissom (1993) first proposed the seven-step forecasting framework of fuzzy time series which are composed of (1) definition of the universe of discourse, (2) partitioning of the universe of discourse, (3) definition of fuzzy sets...

The problem of fuzzy time series forecasting plays an important role in many scientific areas such as statistics and neural networks. While forecasting fuzzy time series, most of forecasting applications use the same length of intervals. The determination of length of intervals is significant and critical in fuzzy time series forecasting. The usage of convenient performance measure may also hav...

Fuzzy approach and artificial neural networks become effective tool for researchers by forecasting fuzzy time series. The relation of these has advantage to improve forecasting performance especially in handling nonlinear systems. Hence, in this study we aimed to handle a nonlinear problem to apply neural network-based fuzzy time series model. Differing from previous studies, we used various de...

This paper proposes a novel improvement of forecasting approach based on using time-invariant fuzzy time series. In contrast to traditional forecasting methods, fuzzy time series can be also applied to problems, in which historical data are linguistic values. It is shown that proposed time-invariant method improves the performance of forecasting process. Further, the effect of using different n...

The application of fuzzy time series models to forecasting has been drawing a great amount of attention. To provide a more sophisticated model to handle real world problems thus becomes important. This study intends to model fuzzy time series with multiple observations at a single time point. The proposed model shows how to fuzzify multiple observations into a fuzzy set. Neural networks are app...

This document presents an energy forecast methodology using Adaptive Neuro-Fuzzy Inference System (ANFIS) and Genetic Algorithms (GA). The GA has been used for the selection of the training inputs of the ANFIS in order to minimize the training result error. The presented algorithm has been installed and it is being operating in an automotive manufacturing plant. It periodically communicates wit...

In today’s world, using quantitative methods are very important for financial markets forecast, improvement of decisions and investments. In recent years, various time series forecasting methods have been proposed for financial markets forecasting. In each case, the accuracy of time series methods fundamental to make decision and hence the research for improving the effectiveness of forecasting...

This paper proposes a new forecasting model based on the neural network with weighted fuzzy membership functions (NEWFM) concerning forecasting of turning points in the business cycle by the composite index. NEWFM is a new model of neural networks to improve forecasting accuracy by using self adaptive weighted fuzzy membership functions. The locations and weights of the membership functions are...

Summery Various forecasting methods have been developed on the basis of fuzzy time series data, but accuracy has been matter of concern in these forecasts. As in fuzzy time series methods forecasted values depend to some degree on our interpretation of the output of the forecasting model thus different interpretation may lead to different results, this makes the process quite subjective. An obj...