DocumentCode
358351
Title
Forecasting exchange rates with fuzzy logic and approximate reasoning
Author
Tsai, Chao-Chih ; Wu, Shun-Jyh
Author_Institution
Dept. of Math. Educ., Nat. Tainan Teachers Coll., Taiwan
fYear
2000
fDate
2000
Firstpage
191
Lastpage
195
Abstract
We study the influence of a novel scheme which can be embedded into the Chen model. The data of historical records of exchange rates between the US Dollar and NT Dollar shown by Wu and Shih (1994) are conducted. The root mean square error of the forecasts can be improved from 0.1872 for Chen´s method to 0.0314 for the current model
Keywords
financial data processing; foreign exchange trading; fuzzy logic; inference mechanisms; time series; Chen model; US Dollar/NT Dollar exchange rates; approximate reasoning; exchange rate forecasting; fuzzy logic; historical records; root mean square error; Chaos; Educational institutions; Educational technology; Exchange rates; Fuzzy logic; Fuzzy sets; Humans; Mathematics; Predictive models; Root mean square;
fLanguage
English
Publisher
ieee
Conference_Titel
Fuzzy Information Processing Society, 2000. NAFIPS. 19th International Conference of the North American
Conference_Location
Atlanta, GA
Print_ISBN
0-7803-6274-8
Type
conf
DOI
10.1109/NAFIPS.2000.877418
Filename
877418
Link To Document