TY - GEN
T1 - Exchange rates forecasting using a hybrid fuzzy and neural network model
AU - Chen, An-Pin
AU - Lin, Hsio Yi
PY - 2007/9/25
Y1 - 2007/9/25
N2 - Artificial neural networks (ANNs) are promising approaches for financial time series prediction and have been widely applied to handle finance problems because of its nonlinear structures. However, ANNs have some limitations in evaluating the output nodes as a result of single-point values. This study proposed a hybrid model, called Fuzzy BPN, consisting of backpropagation neural network (BPN) and fuzzy membership function for taking advantage of nonlinear features and interval values instead of the shortcoming of single-point estimation. In addition, the experimental processing can demonstrate the feasibility of applying the hybrid model-Fuzzy BPN and the empirical results show that Fuzzy BPN provides a useful alternative to exchange rate forecasting.
AB - Artificial neural networks (ANNs) are promising approaches for financial time series prediction and have been widely applied to handle finance problems because of its nonlinear structures. However, ANNs have some limitations in evaluating the output nodes as a result of single-point values. This study proposed a hybrid model, called Fuzzy BPN, consisting of backpropagation neural network (BPN) and fuzzy membership function for taking advantage of nonlinear features and interval values instead of the shortcoming of single-point estimation. In addition, the experimental processing can demonstrate the feasibility of applying the hybrid model-Fuzzy BPN and the empirical results show that Fuzzy BPN provides a useful alternative to exchange rate forecasting.
KW - Backpropagation neural network
KW - Exchange rate
KW - Fuzzy membership function
UR - http://www.scopus.com/inward/record.url?scp=34548808208&partnerID=8YFLogxK
U2 - 10.1109/CIDM.2007.368952
DO - 10.1109/CIDM.2007.368952
M3 - Conference contribution
AN - SCOPUS:34548808208
SN - 1424407052
SN - 9781424407057
T3 - Proceedings of the 2007 IEEE Symposium on Computational Intelligence and Data Mining, CIDM 2007
SP - 758
EP - 763
BT - Proceedings of the 2007 IEEE Symposium on Computational Intelligence and Data Mining, CIDM 2007
Y2 - 1 April 2007 through 5 April 2007
ER -