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:: 2, Issue 1 (Modern Theories of Economy,Volume 2, No.1,ser2,may 2014 2014) ::
TFI 2014, 2(1): 29-44 Back to browse issues page
A Comparison of Forecasting Power in Statistical Classic Time Series’ ARIMA’ and Fuzzy Time Series (Case Study of Crude Oil Price)
Ehsan Ghamari *, Maryam Shahabi Tabari
Abstract:   (672 Views)
In this study classical and fuzzy time series methods are employed in order to forecast crude oil price. Ultimately by checking out the error standard value, fuzzy time series determined as an appropriate model. It can be concluded that in the condition of few attainable data and uncertain situations, fuzzy time series model is able to obtain acceptable results for researchers (in comparison with ARIMA which needs more than 100 data to forecast). And it can combine with classical time series to reduce their constraint
Keywords: Auto Regressive Integrated Moving Average (ARIMA) Model, Fuzzy Time Series Model, World Crude Oil Price Forecasting
Full-Text [PDF 382 kb]   (160 Downloads)    
notification: Research | Subject: Special
Received: 2014/02/3 | Accepted: 2014/06/21 | Published: 2014/03/21
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Ghamari E, Shahabi Tabari M. A Comparison of Forecasting Power in Statistical Classic Time Series’ ARIMA’ and Fuzzy Time Series (Case Study of Crude Oil Price). TFI 2014; 2 (1) :29-44
URL: http://tfe.raja.ac.ir/article-1-31-en.html


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2, Issue 1 (Modern Theories of Economy,Volume 2, No.1,ser2,may 2014 2014) Back to browse issues page
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