Stock Market Prediction with Multiple Regression, Fuzzy Type-2 Clustering and Neural Networks

AbstractStock market forecasting research offers many challenges and opportunities, with the forecasting of individual stocks or indexes focusing on forecasting either the level (value) of future market prices, or the direction of market price movement. A three-stage stock market prediction system is introduced in this article. In the first phase, Multiple Regression Analysis is applied to define the economic and financial variables which have a strong relationship with the output. In the second phase, Differential Evolution-based type-2 Fuzzy Clustering is implemented to create a prediction model. For the third phase, a Fuzzy type-2 Neural Network is used to perform the reasoning for future stock price prediction. The results of the network simulation show that the suggested model outperforms traditional models for forecasting stock market prices

Global Research Performance on the Design and Applications of Type-2 Fuzzy Logic Systems: A Bibliometric Analysis

There has been a significant contribution to scientific literature in the design and applications of Type-2 fuzzy logic systems (T2FLS). The T2FLSs found applications in many aspects of our daily lives, such as engineering, pure science, medicine and social sciences. The online web of science was searched to identify the 100 most frequently cited papers published on the design and application of T2FLS from 1980 to 2016. The articles were analyzed based on authorship, source title, country of origin, institution, document type, web of science category, and year of publication. The correlation between the average citation per year (ACY) and the total citation (TC) was analyzed. It was found that there is a strong relationship between the ACY and TC (r = 0.91643, P<0.01), based on the papers consider in this research.  The “Type -2 fuzzy sets made simple” authored by Mendel and John (2002), published in IEEE Transactions on Fuzzy Systems received the highest TC as well as the ACY. The future trend in this research domain was also analyzed. The present analysis may serve as a guide for selecting qualitative literature especially to the beginners in the field of T2FLS

Novel metaheuristic hybrid spiral-dynamic bacteria-chemotaxis algorithms for global optimisation

© 2014 Elsevier B.V. All rights reserved. This paper presents hybrid spiral-dynamic bacteria-chemotaxis algorithms for global optimisation and their application to control of a flexible manipulator system. Spiral dynamic algorithm (SDA) has faster convergence speed and good exploitation strategy. However, the incorporation of constant radius and angular displacement in its spiral model causes the exploration strategy to be less effective hence resulting in low accurate solution. Bacteria chemotaxis on the other hand, is the most prominent strategy in bacterial foraging algorithm. However, the incorporation of a constant step-size for the bacteria movement affects the algorithm performance. Defining a large step-size results in faster convergence speed but produces low accuracy while de.ning a small step-size gives high accuracy but produces slower convergence speed. The hybrid algorithms proposed in this paper synergise SDA and bacteria chemotaxis and thus introduce more effective exploration strategy leading to higher accuracy, faster convergence speed and low computation time. The proposed algorithms are tested with several benchmark functions and statistically analysed via nonparametric Friedman and Wilcoxon signed rank tests as well as parametric t-test in comparison to their predecessor algorithms. Moreover, they are used to optimise hybrid Proportional-Derivative-like fuzzy-logic controller for position tracking of a flexible manipulator system. The results show that the proposed algorithms significantly improve both convergence speed as well as fitness accuracy and result in better system response in controlling the flexible manipulator