2013
DOI: 10.1504/ijferm.2013.053707
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Gold price forecasting with a neuro-fuzzy-based inference system

Abstract: Abstract:Following the importance of gold in the global economy and the high interest that has attracted recently, the objective of this paper is twofold: to predict the price of gold by using the Adaptive Neuro-Fuzzy Inference System (ANFIS) and compare its forecasting accuracy with various time-series forecasting methods and the 'Buy and Hold' (B&H) strategy. The results show that the ANFIS's accuracy is far superior to the performance of all compared methods and therefore ANFIS demonstrates the potential of… Show more

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Cited by 19 publications
(9 citation statements)
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“…Adaptive Neuro Fuzzy Inference System (ANFIS) menggabungkan Fuzzy Logic dan NN dengan tujuan mengambil keuntungan dari dua pendekatan non-linier berbasis machine learning (Faulina & Suhartono, 2013). Makridou et al (2013) memperoleh prediksi harga emas yang dihasilkan ANFIS lebih akurat daripada ARIMA dan NN. ANFIS memiliki komponen yang serupa dengan NN, yaitu memiliki hidden layer.…”
Section: Pendahuluanunclassified
“…Adaptive Neuro Fuzzy Inference System (ANFIS) menggabungkan Fuzzy Logic dan NN dengan tujuan mengambil keuntungan dari dua pendekatan non-linier berbasis machine learning (Faulina & Suhartono, 2013). Makridou et al (2013) memperoleh prediksi harga emas yang dihasilkan ANFIS lebih akurat daripada ARIMA dan NN. ANFIS memiliki komponen yang serupa dengan NN, yaitu memiliki hidden layer.…”
Section: Pendahuluanunclassified
“…A number of innovative DSA operational analysis are considered for diversified BI service applications, such as, product life cycle management service that uses closed-loop PLM framework [41], transport logistic service that implements an IoE based ontology framework [42], and a supply chain management service that uses a cognitive based smart logistic framework [43].…”
Section: Context Of Data Science and Analyticsmentioning
confidence: 99%
“…Several text-based or feature-based clustering algorithms have been proposed by data mining researchers [ 35 37 ]. However, we present a simple knowledge-clustering mechanism that is based on the associated θ values.…”
Section: Knowledge Granule Analytic and Cluster (Kgac) Frameworkmentioning
confidence: 99%