Most existing fuzzy collaborative forecasting (FCF) methods adopt type-1 fuzzy numbers to represent fuzzy forecasts. FCF methods based on interval-valued fuzzy numbers (IFNs) are not widely used. However, the inner and outer sections of an IFN-based fuzzy forecast provide meaning information that serves different managerial purposes, which is a desirable feature for a FCF method. This study proposed an IFN-based FCF approach. Unlike existing IFN-based fuzzy association rules or fuzzy inference systems, the IFN-based FCF approach ensures that all actual values fall within the corresponding fuzzy forecasts. In addition, the IFN-based FCF approach optimizes the forecasting precision and accuracy with the outer and inner sections of the aggregation result, respectively. Based on the experimental results, the proposed FCF-II approach surpassed existing methods in forecasting the yield of a dynamic random access memory product.