Minimizing of Forecasting Error in Fuzzy Time Series Model Using Graph-Based Clustering Method

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Minimizing of Forecasting Error in Fuzzy Time Series Model Using Graph-Based Clustering Method

Journal Title: Engineering and Technology Journal - Year 2024, Vol 9, Issue 04

Abstract

In recent years, numerous fuzzy time series (FTS) forecasting models have been developed to address complex and incomplete problems. However, the accuracy of these models is specific to the problem at hand and varies across datasets. Despite claims of superiority over traditional statistical and single machine learning-based models, achieving improved forecasting accuracy remains a formidable challenge. In FTS models, the lengths of intervals and fuzzy relationship groups are considered crucial factors influencing forecasting accuracy. Hence, this study introduces an FTS forecasting model based on the graph-based clustering technique. The clustering algorithm, utilized during the fuzzification stage, enables the derivation of unequal interval lengths. The proposed model is applied to forecast two numerical datasets: enrollment data from the University of Alabama and the datasets of Gas prices RON95 in Vietnam. Comparisons of forecasting results between the proposed model and others are conducted for enrollment forecasts at the University of Alabama. The findings reveal that the proposed model achieves higher forecasting accuracy across all orders of fuzzy relationships when compared to its counterparts

Authors and Affiliations

Nguyen Thi Hai Yen

Keywords

Enrolments RON95 forecasting FTS fuzzy logical relationships graph -based clustering

EP ID EP733823
DOI 10.47191/etj/v9i04.10
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