TY - JOUR
T1 - Deterministic fuzzy time series model for forecasting enrollments
AU - Li, Sheng Tun
AU - Cheng, Yi Chung
N1 - Funding Information:
The first author gratefully appreciates the financial support from National Science Council, Taiwan, ROC under contract NSC94-2416-H-006-019.
PY - 2007/6
Y1 - 2007/6
N2 - The fuzzy time series has recently received increasing attention because of its capability of dealing with vague and incomplete data. There have been a variety of models developed to either improve forecasting accuracy or reduce computation overhead. However, the issues of controlling uncertainty in forecasting, effectively partitioning intervals, and consistently achieving forecasting accuracy with different interval lengths have been rarely investigated. This paper proposes a novel deterministic forecasting model to manage these crucial issues. In addition, an important parameter, the maximum length of subsequence in a fuzzy time series resulting in a certain state, is deterministically quantified. Experimental results using the University of Alabama's enrollment data demonstrate that the proposed forecasting model outperforms the existing models in terms of accuracy, robustness, and reliability. Moreover, the forecasting model adheres to the consistency principle that a shorter interval length leads to more accurate results.
AB - The fuzzy time series has recently received increasing attention because of its capability of dealing with vague and incomplete data. There have been a variety of models developed to either improve forecasting accuracy or reduce computation overhead. However, the issues of controlling uncertainty in forecasting, effectively partitioning intervals, and consistently achieving forecasting accuracy with different interval lengths have been rarely investigated. This paper proposes a novel deterministic forecasting model to manage these crucial issues. In addition, an important parameter, the maximum length of subsequence in a fuzzy time series resulting in a certain state, is deterministically quantified. Experimental results using the University of Alabama's enrollment data demonstrate that the proposed forecasting model outperforms the existing models in terms of accuracy, robustness, and reliability. Moreover, the forecasting model adheres to the consistency principle that a shorter interval length leads to more accurate results.
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U2 - 10.1016/j.camwa.2006.03.036
DO - 10.1016/j.camwa.2006.03.036
M3 - Article
AN - SCOPUS:34249899686
SN - 0898-1221
VL - 53
SP - 1904
EP - 1920
JO - Computers and Mathematics with Applications
JF - Computers and Mathematics with Applications
IS - 12
ER -