Abstract

Interval models based on fuzzy regression and fuzzy time-series can illustrate the possibilities of a system using the intervals in the model. Thus, the aim is to minimize the vagueness of the model in order to describe the possible states of the system. In the present study, we consider on an interval fuzzy time-series model based on a Box–Jenkins model, a fuzzy autocorrelation model proposed by Yabuuchi, and a fuzzy regressive model proposed by Ozawa. We examine two models by analyzing the Japanese national consumer price index and demonstrate that our approach improves the accuracy of predictions. The utility and predictive accuracy of fuzzy time-series models are validated using two concepts of fuzzy theory and statistics. Finally, we demonstrate the applicability of the fuzzy autocorrelation model with fuzzy confidence intervals.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.