Skip to main content

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 450))

Abstract

This paper presents research in the field of hybrid methods of time series forecasting, including a detailed review of the latest researches in the field of forecasting. The paper includes detailed review of studies what compared the performance of multiple regression methods and neural networks. It is also consider a hybrid method of time series prediction based on ANFIS. In addition, showed the results of time series forecasting based on ANFIS model and compared with results of forecasting based on multiple regression.

This work was supported by the Russian Foundation for Basic Research (Grant No. 14-07-00603).

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

References

  1. Widrow, B., Rumelhart, D., Lehr, M.A.: Neural Networks: Applications in Industry, Business and Science. Stanford University (Commun. ACM 37(3)) (1994)

    Google Scholar 

  2. Chang, P.C., Wang, Y.W., Liu, C.H.: The development of a weighted evolving fuzzy neural network for PCB sales forecasting. Expert Syst. Appl. 32, 86–96 (2007)

    Google Scholar 

  3. Hwang, H.B.: Insights into neural-network forecasting of time series corresponding to ARMA (p, q) structures. Omega 29, 273–289 (2001)

    Google Scholar 

  4. Medeiros, M.C., Pedreira, C.E.: What are the effects of forecasting linear time series with neural networks? Eng. Intell. Syst. 237–424 (2001)

    Google Scholar 

  5. Zhang, G.P.: An investigation of neural networks for linear time-series forecasting. Comput. Operat. Res. 28, 1183–1202 (2001)

    Google Scholar 

  6. Armstrong, J.S.: Research needs in forecasting. Int. J. Forecast. 4, 449–465 (1988)

    Google Scholar 

  7. Makridakis, S., Anderson, A., Carbone, R., Fildes, R., Hibdon, M,. Lewandowski, R., Newton, J., Parzen, E., Winkler, R.: The accuracy of extrapolation (time series) methods: results of a forecasting competition. J. Forecast. 1(2), 111–153 (1982)

    Google Scholar 

  8. Majhi, R., Panda, G.: Stock market prediction of S&P 500 and DJIA using bacterial foraging optimization technique. In: 2007 IEEE Congress on Evolutionary Computation, 2007, pp. 2569–2579

    Google Scholar 

  9. Tan, T.Z., Quek, C., Ng, G.S.: Brain inspired genetic complimentary learning for stock market prediction. In: IEEE Congress on Evolutionary Computation, 2–5th Sept 2005, vol 3, pp 2653–2660

    Google Scholar 

  10. Oh, K.J., Kim, K.-J.: Analyzing stock market tick data using piecewise non linear model. Expert Syst. Appl. (3), 249–255 (2002)

    Google Scholar 

  11. Miao, K., Chen, F., Zhao, Z.G.: Stock price forecast based on bacterial colony RBF neural network. J. QingDao Univ. (20), 50–54 (2007) (in Chinese)

    Google Scholar 

  12. Wang, Y.: Mining stock prices using fuzzy rough set system. Expert Syst. Appl. (1), 13–23 (2003)

    Google Scholar 

  13. Pino, R., Parreno, J., Gomez, A., Priore, P.: Forecasting next-day price of electricity in the Spanish energy market using artificial neural networks. Eng. Appl. Artif. Intell. (21), 53–62 (2008)

    Google Scholar 

  14. Averkin A.N., Yarushev, S.A.: Hybrid methods of time series predicton in financial markets. In: International Conference on Soft Computing and Measurements. St. Petersburg: Vol. Saint Petersburg State Electrotechnical University “LETI” name V. I. Ulyanov (Lenin), T. 1. Section 1–3, pp 332–335 (2015)

    Google Scholar 

  15. Bisoi, R., Dash, P.K.: Prediction of financial time series and its volatility using a hybrid dynamic neural network trained by sliding mode algorithm and differential evolution. Int. J. Inf. Decis. Sci. 7(2), 166–191 (2015)

    Google Scholar 

  16. Kumar, S. et al.: Reservoir inflow forecasting using ensemble models based on neural networks, wavelet analysis and bootstrap method. Water Resour. Manag. 29(13), 4863–4883 (2015)

    Google Scholar 

  17. Wang, J. et al.: Hybrid forecasting model-based data mining and genetic algorithm-adaptive particle swarm optimization: a case study of wind speed time series. In: IET Renewable Power Generation (2015)

    Google Scholar 

  18. Singh, P.: Big data time series forecasting model: a fuzzy-neuro hybridize approach. In: Computational Intelligence for Big Data Analysis, pp 55–72 (2015)

    Google Scholar 

  19. Nguyen, N., Cripps, A.: Predicting housing value: a comparison of multiple regression analysis and artificial neural networks. JRER (3), 314–336 (2001)

    Google Scholar 

  20. Tsukuda, J., Baba, S.-I.: Predicting Japanese corporate bankruptcy in terms of financial data using neural networks. Comput. Ind. Eng. 27, 1–4, 445–448 (1994)

    Google Scholar 

  21. Do, Q., Grudnitski, G.: A neural network approach to residential property appraisal. The Real Estate Appraiser 58, 38–45 (1992)

    Google Scholar 

  22. Allen, W.C., Zumwalt, J.K.: Neural Networks: A Word of Caution, Unpublished Working Paper, Colorado State University (1994)

    Google Scholar 

  23. Grether, D., Mieszkowski, P.: Determinants of real values. J. Urban Econ. 1(2), 127–145 (1974)

    Google Scholar 

  24. Jones, W., Ferri, M., McGee, L.: A competitive testing approach to models of depreciation in housing. J. Econ. Bus. 33(3), 202–211 (1981)

    Google Scholar 

  25. Goodman, A.C., Thibodeau, T.G.: Age-related Heteroskedasticity in Hedonic House price equations. J. Hous. Res. 6, 25–42 (1995)

    Google Scholar 

  26. Kmenta, J.: Elements of Econometrics. Macmillan Publishing, New York (1971)

    MATH  Google Scholar 

  27. Neter, J., Wasserman, W., Kutner, M.H.: Applied Linear Statistical Models, 3rd edn. McGraw-Hill, Boston (1990)

    Google Scholar 

  28. Hecht-Nielsen, R.: Kolmogorov’s mapping neural network existence theorem. Paper presented at IEEE First International Conference on Neural Networks, San Diego, CA (1987)

    Google Scholar 

  29. Geman, S., Bienenstock, E., Doursat, R.: Neural networks and the bias/variance dilemma. Neural Comput. 4, 1–58 (1992)

    Article  Google Scholar 

  30. Jang, J.S.R.: ANFIS: Adaptive-network-based fuzzy inference systems. IEEE Trans. Syst. Man Cybern. 23, 665–685 (1992)

    Google Scholar 

  31. Yarushev S.A., Ephremova N.A.: Hybrid methods of time series prediction. In: Hybrid and Synergistic Intelligent Systems: Proceedings of the 2nd International Symposium of Pospelov. BFU Kant, Kaliningrad (2014), pp. 381–388

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Alexey Averkin .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2016 Springer International Publishing Switzerland

About this paper

Cite this paper

Averkin, A., Yarushev, S., Dolgy, I., Sukhanov, A. (2016). Time Series Forecasting Based on Hybrid Neural Networks and Multiple Regression. In: Abraham, A., Kovalev, S., Tarassov, V., Snášel, V. (eds) Proceedings of the First International Scientific Conference “Intelligent Information Technologies for Industry” (IITI’16). Advances in Intelligent Systems and Computing, vol 450. Springer, Cham. https://doi.org/10.1007/978-3-319-33609-1_10

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-33609-1_10

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-33608-4

  • Online ISBN: 978-3-319-33609-1

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics