Optimum filtering for optimum currency areas criteria

This study aims to analyze Turkey and the Economic and Monetary Union (EMU) countries in the light of criteria suggested by the optimum currency areas (OCA) theory and to compare the criteria obtained by an application of Hodrick-Prescott (H-P) and Baxter-King (B-K) filters. To this end, we follow a novel technique, fuzzy c-means (FCM) clustering with upper and lower levels of fuzziness. The results show that the application of the H-P filtering technique with appropriate smoothing parameter values produces sensible clusters.

Extended Fuzzy Clustering Algorithms

Fuzzy clustering is a widely applied method for obtaining fuzzy models from data. Ithas been applied successfully in various fields including finance and marketing. Despitethe successful applications, there are a number of issues that must be dealt with in practicalapplications of fuzzy clustering algorithms. This technical report proposes two extensionsto the objective function based fuzzy clustering for dealing with these issues. First, the(point) prototypes are extended to hypervolumes whose size is determined automaticallyfrom the data being clustered. These prototypes are shown to be less sensitive to a biasin the distribution of the data. Second, cluster merging by assessing the similarity amongthe clusters during optimization is introduced. Starting with an over-estimated number ofclusters in the data, similar clusters are merged during clustering in order to obtain a suitablepartitioning of the data. An adaptive threshold for merging is introduced. The proposedextensions are applied to Gustafson-Kessel and fuzzy c-means algorithms, and the resultingextended algorithms are given. The properties of the new algorithms are illustrated invarious examples.fuzzy clustering;cluster merging;similarity;volume prototypes

A correlation-based fuzzy cluster validity index with secondary options detector

The optimal number of clusters is one of the main concerns when applying cluster analysis. Several cluster validity indexes have been introduced to address this problem. However, in some situations, there is more than one option that can be chosen as the final number of clusters. This aspect has been overlooked by most of the existing works in this area. In this study, we introduce a correlation-based fuzzy cluster validity index known as the Wiroonsri-Preedasawakul (WP) index. This index is defined based on the correlation between the actual distance between a pair of data points and the distance between adjusted centroids with respect to that pair. We evaluate and compare the performance of our index with several existing indexes, including Xie-Beni, Pakhira-Bandyopadhyay-Maulik, Tang, Wu-Li, generalized C, and Kwon2. We conduct this evaluation on four types of datasets: artificial datasets, real-world datasets, simulated datasets with ranks, and image datasets, using the fuzzy c-means algorithm. Overall, the WP index outperforms most, if not all, of these indexes in terms of accurately detecting the optimal number of clusters and providing accurate secondary options. Moreover, our index remains effective even when the fuzziness parameter $m$ is set to a large value. Our R package called WPfuzzyCVIs used in this work is also available in https://github.com/nwiroonsri/WPfuzzyCVIs.Comment: 19 page

Comparison of Different Spike Sorting Subtechniques Based on Rat Brain Basolateral Amygdala Neuronal Activity

Developing electrophysiological recordings of brain neuronal activity and their analysis provide a basis for exploring the structure of brain function and nervous system investigation. The recorded signals are typically a combination of spikes and noise. High amounts of background noise and possibility of electric signaling recording from several neurons adjacent to the recording site have led scientists to develop neuronal signal processing tools such as spike sorting to facilitate brain data analysis. Spike sorting plays a pivotal role in understanding the electrophysiological activity of neuronal networks. This process prepares recorded data for interpretations of neurons interactions and understanding the overall structure of brain functions. Spike sorting consists of three steps: spike detection, feature extraction, and spike clustering. There are several methods to implement each of spike sorting steps. This paper provides a systematic comparison of various spike sorting sub-techniques applied to real extracellularly recorded data from a rat brain basolateral amygdala. An efficient sorted data resulted from careful choice of spike sorting sub-methods leads to better interpretation of the brain structures connectivity under different conditions, which is a very sensitive concept in diagnosis and treatment of neurological disorders. Here, spike detection is performed by appropriate choice of threshold level via three different approaches. Feature extraction is done through PCA and Kernel PCA methods, which Kernel PCA outperforms. We have applied four different algorithms for spike clustering including K-means, Fuzzy C-means, Bayesian and Fuzzy maximum likelihood estimation. As one requirement of most clustering algorithms, optimal number of clusters is achieved through validity indices for each method. Finally, the sorting results are evaluated using inter-spike interval histograms.Comment: 8 pages, 12 figure