53 research outputs found

    SYSTEM DECYZYJNY DO PRZEWIDYWANIA CEN AKCJI OPARTY NA SZTUCZNEJ SIECI NEURONOWEJ HOPFIELDA

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    The paper describes a new method using Hopfield artificial neural network combined with technical analysis fractal analysis and feed-forward artificial neural networks for predicting share prices for a next day on a Stock Exchange. The developed method and networks are implemented in an Expert System, which is proposed as a valuable comprehensive, analytical tool. A new algorithm for artificial neural networks training and testing is also presented. It automatically chooses the best network structure, and the most important input parameters.Artykuł opisuje nową metodę zastosowania sztucznej sieci neuronowej Hopfielda połączonej z analizą techniczną, fraktalną oraz jednokierunkowymi sztucznymi sieciami neuronowymi do przewidywania przyszłych cen akcji na Giełdzie Papierów Wartościowych. Opisane nowe metody zostały zaimplementowane w systemie ekspertowym, który jest polecany jako kompleksowe narzędzie do badania aktualnych i przyszłych zachowań rynku. Zaprezentowany został również algorytm nauki testowania sztucznych sieci neuronowych, który na końcu wybiera najlepszą z nich

    Forecasting: theory and practice

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    Forecasting has always been in the forefront of decision making and planning. The uncertainty that surrounds the future is both exciting and challenging, with individuals and organisations seeking to minimise risks and maximise utilities. The lack of a free-lunch theorem implies the need for a diverse set of forecasting methods to tackle an array of applications. This unique article provides a non-systematic review of the theory and the practice of forecasting. We offer a wide range of theoretical, state-of-the-art models, methods, principles, and approaches to prepare, produce, organise, and evaluate forecasts. We then demonstrate how such theoretical concepts are applied in a variety of real-life contexts, including operations, economics, finance, energy, environment, and social good. We do not claim that this review is an exhaustive list of methods and applications. The list was compiled based on the expertise and interests of the authors. However, we wish that our encyclopedic presentation will offer a point of reference for the rich work that has been undertaken over the last decades, with some key insights for the future of the forecasting theory and practice

    Forecasting: theory and practice

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    Forecasting has always been at the forefront of decision making and planning. The uncertainty that surrounds the future is both exciting and challenging, with individuals and organisations seeking to minimise risks and maximise utilities. The large number of forecasting applications calls for a diverse set of forecasting methods to tackle real-life challenges. This article provides a non-systematic review of the theory and the practice of forecasting. We provide an overview of a wide range of theoretical, state-of-the-art models, methods, principles, and approaches to prepare, produce, organise, and evaluate forecasts. We then demonstrate how such theoretical concepts are applied in a variety of real-life contexts. We do not claim that this review is an exhaustive list of methods and applications. However, we wish that our encyclopedic presentation will offer a point of reference for the rich work that has been undertaken over the last decades, with some key insights for the future of forecasting theory and practice. Given its encyclopedic nature, the intended mode of reading is non-linear. We offer cross-references to allow the readers to navigate through the various topics. We complement the theoretical concepts and applications covered by large lists of free or open-source software implementations and publicly-available databases.info:eu-repo/semantics/publishedVersio

    Forecasting: theory and practice

    Get PDF
    Forecasting has always been at the forefront of decision making and planning. The uncertainty that surrounds the future is both exciting and challenging, with individuals and organisations seeking to minimise risks and maximise utilities. The large number of forecasting applications calls for a diverse set of forecasting methods to tackle real-life challenges. This article provides a non-systematic review of the theory and the practice of forecasting. We provide an overview of a wide range of theoretical, state-of-the-art models, methods, principles, and approaches to prepare, produce, organise, and evaluate forecasts. We then demonstrate how such theoretical concepts are applied in a variety of real-life contexts. We do not claim that this review is an exhaustive list of methods and applications. However, we wish that our encyclopedic presentation will offer a point of reference for the rich work that has been undertaken over the last decades, with some key insights for the future of forecasting theory and practice. Given its encyclopedic nature, the intended mode of reading is non-linear. We offer cross-references to allow the readers to navigate through the various topics. We complement the theoretical concepts and applications covered by large lists of free or open-source software implementations and publicly-available databases

    A Review of Photovoltaic Thermal (PVT) technology for residential applications: performance indicators, progress, and opportunities

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    Solar energy has been one of the accessible and affordable renewable energy technologies for the last few decades. Photovoltaics and solar thermal collectors are mature technologies to harness solar energy. However, the efficiency of photovoltaics decays at increased operating temperatures, and solar thermal collectors suffer from low exergy. Furthermore, along with several financial, structural, technical and socio-cultural barriers, the limited shadow-free space on building rooftops has significantly affected the adoption of solar energy. Thus, Photovoltaic Thermal (PVT) collectors that combine the advantages of photovoltaic cells and solar thermal collector into a single system have been developed. This study gives an extensive review of different PVT systems for residential applications, their performance indicators, progress, limitations and research opportunities. The literature review indicated that PVT systems used air, water, bi-fluids, nanofluids, refrigerants and phase-change material as the cooling medium and are sometimes integrated with heat pumps and seasonal energy storage. The overall efficiency of a PVT system reached up to 81% depending upon the system design and environmental conditions, and there is generally a trade-off between thermal and electrical efficiency. The review also highlights future research prospects in areas such as materials for PVT collector design, long-term reliability experiments, multi-objective design optimisation, techno-exergo-economics and photovoltaic recycling

    Three Risky Decades: A Time for Econophysics?

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    Our Special Issue we publish at a turning point, which we have not dealt with since World War II. The interconnected long-term global shocks such as the coronavirus pandemic, the war in Ukraine, and catastrophic climate change have imposed significant humanitary, socio-economic, political, and environmental restrictions on the globalization process and all aspects of economic and social life including the existence of individual people. The planet is trapped—the current situation seems to be the prelude to an apocalypse whose long-term effects we will have for decades. Therefore, it urgently requires a concept of the planet's survival to be built—only on this basis can the conditions for its development be created. The Special Issue gives evidence of the state of econophysics before the current situation. Therefore, it can provide excellent econophysics or an inter-and cross-disciplinary starting point of a rational approach to a new era

    Bit Bang 7: Future of Energy

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    This book is the 7th in the Bit Bang series of books produced as multidisciplinary teamwork exercises by doctoral students participating in the course Bit Bang 7: Future of Energy at Aalto University during the academic year 2014–2015. The course aims at fostering teamwork and multidisciplinary collaboration, as well as providing participants with a global, futurecentric perspective on the energy sector. The growing global demand for energy and diminishing natural resources are driving the development of eco-efficient energy sources, new ways of doing business, and designing our living environment. Bit Bang 7 addresses the topic of energy sources and technologies from the perspective of their economic, environmental and social sustainability. The course elaborates on the interconnectedness of these phenomena, and links them to possible future scenarios, global megatrends and ethical considerations. Will we see disruptive changes in our energy future? Can we impact consumption patterns, ways of doing business, and our way of life? Are we creating a sustainable future for the generations to come? Working in teams, the students set out to answer questions related to the changing energy sector and to brainstorm radical scenarios of what the future could hold. This joint publication contains articles produced as teamwork assignments for the course, in which the students were encouraged to take novel and radical views on the future of energy. The Bit Bang series of courses is supported by the Multidisciplinary Institute of Digitalisation and Energy (MIDE). Previous Bit Bang publications are available from http:/mide.aalto.fi
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