Using a weightless neural network to forecast stock prices: A case study of Nigerian stock exchange

This research work, proposes forecasting stock prices in the stock market industry in Nigeria using a Weightless Neural Network (WNN). A neural network application used to demonstrate the application of the WNN in the forecasting of stock prices in the market is designed and implemented in Visual Foxpro 6.0. The proposed network is tested with stock data obtained from the Nigeria Stock Exchange. This system is compared with Single Exponential Smoothing (SES) model. The WNN error value is found to be 0.39 while that of SES is 9.78, based on these values, forecasting with the WNN is observed to be more accurate and closer to the real data than those using the SES model

Next challenges for adaptive learning systems

Learning from evolving streaming data has become a 'hot' research topic in the last decade and many adaptive learning algorithms have been developed. This research was stimulated by rapidly growing amounts of industrial, transactional, sensor and other business data that arrives in real time and needs to be mined in real time. Under such circumstances, constant manual adjustment of models is in-efficient and with increasing amounts of data is becoming infeasible. Nevertheless, adaptive learning models are still rarely employed in business applications in practice. In the light of rapidly growing structurally rich 'big data', new generation of parallel computing solutions and cloud computing services as well as recent advances in portable computing devices, this article aims to identify the current key research directions to be taken to bring the adaptive learning closer to application needs. We identify six forthcoming challenges in designing and building adaptive learning (pre-diction) systems: making adaptive systems scalable, dealing with realistic data, improving usability and trust, integrat-ing expert knowledge, taking into account various application needs, and moving from adaptive algorithms towards adaptive tools. Those challenges are critical for the evolving stream settings, as the process of model building needs to be fully automated and continuous.</jats:p

A New Classification Technique in Mobile Robot Navigation

This paper presents a novel pattern recognition algorithm that use weightless neural network (WNNs) technique.This technique plays a role of situation classifier to judge the situation around the mobile robot environment and makes control decision in mobile robot navigation. The WNNs technique is choosen due to significant advantages over conventional neural network, such as they can be easily implemented in hardware using standard RAM, faster in training phase and work with small resources. Using a simple classification algorithm, the similar data will be grouped with each other and it will be possible to attach similar data classes to specific local areas in the mobile robot environment. This strategy is demonstrated in simple mobile robot powered by low cost microcontrollers with 512 bytes of RAM and low cost sensors. Experimental result shows, when number of neuron increases the average environmental recognition ratehas risen from 87.6% to 98.5%.The WNNs technique allows the mobile robot to recognize many and different environmental patterns and avoid obstacles in real time. Moreover, by using proposed WNNstechnique mobile robot has successfully reached the goal in dynamic environment compare to fuzzy logic technique and logic function, capable of dealing with uncertainty in sensor reading, achieving good performance in performing control actions with 0.56% error rate in mobile robot speed