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Fuzzy Time Series Forecasting Based on Weber-Fischna Law

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Part of the book series: Communications in Computer and Information Science ((CCIS,volume 307))

Abstract

Time series model need lots of historical data, but the historical data are always incomplete, inaccurate and ambiguous. This uncertainty will affect the accuracy of forecasting. So the application of traditional forecasting model is limited. In this article, we apply the famous psychology law (Weber-Fischna law) in fuzzy time series models and predispose the historical data, so that we can fuzz data better. On the other hand, we use K-means cluster analysis to determine the center of class, which make the study more scientific and rigorous. In aspect of determining order, we find the best order by using the third criterion for judgment of order, which makes error less, makes precision of forecasting higher.

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© 2012 Springer-Verlag Berlin Heidelberg

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Li, L., Gao, Y., Wang, Y. (2012). Fuzzy Time Series Forecasting Based on Weber-Fischna Law. In: Liu, C., Wang, L., Yang, A. (eds) Information Computing and Applications. ICICA 2012. Communications in Computer and Information Science, vol 307. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-34038-3_45

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  • DOI: https://doi.org/10.1007/978-3-642-34038-3_45

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-34037-6

  • Online ISBN: 978-3-642-34038-3

  • eBook Packages: Computer ScienceComputer Science (R0)

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