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In this paper, we develop an automatic valuation model for property valuation using a large database of historical prices from Greece. The Greek property market is an inefficient, non-homogeneous market, still at its infancy and governed by lack of information. As a result modelling the Greek real estate market is a very interesting and challenging problem. The available data cover a wide range of properties across time and include the financial crisis period in Greece which led to tremendous changes in the dynamics of the real estate market. We formulate and compare linear and non-linear models based on regression, hedonic equations and artificial neural networks. The forecasting ability of each method is evaluated out-of-sample. Special care is given on measuring the success of the forecasts but also on identifying the property characteristics that lead to large forecasting errors. Finally, by examining the strengths and the performance of each method we apply a combined forecasting rule to improve forecasting accuracy. Our results indicate that the proposed methodology constitutes an accurate tool for property valuation in a non-homogeneous, newly developed market. [ABSTRACT FROM AUTHOR]

This paper looks into the Greek-Turkish arms race a decade after an earlier contribution to the issue that relied heavily on artificial neural networks. The time period between the two papers contributes to the reliability of the results derived, not just by increasing the number of observations, but also mainly by incorporating the progress made in the realm of artificial intelligence. The focus on the case of both countries unlike the paper mentioned above that dealt with just the Greek side provides ample room for comparative purposes regarding the determinants of defense expenditure on both sides. The results derived in terms of input significance estimation support the findings of the earlier research as indicated above, pointing to the leading role of the demographic preponderance of Turkey over Greece. The paper also points to the fact that 10 years later, Turkey continues to set the arms race rules against its rival by determining the defense expenditure of Greece, whereas the role of the latter in affecting the military spending of Turkey is non-existent. [ABSTRACT FROM AUTHOR]

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Modeling the elasticity modulus of unbound granular pavement materials has attracted significant research interest because of its importance in pavement design particularly in PPP/BOT projects. These efforts have been hampered by three factors: (i) inability to capture the correlations between the asphalt and granular layers and the subgrade, (ii) inadequate modeling of the effects of external factors on the elasticity modulus of unbound materials, and (iii) widespread use of linear statistical relationships to model a complex and non-linear phenomenon. In this paper genetically optimized neural networks and falling weight deflectometer (FWD) back-analysis results from a newly constructed BOT project in Athens, Greece, are employed in order to evaluate pavement section design parameters. It is shown that parameter values adopted during design do not co-inside with those observed from the back-analysis studies. Further, the results indicate that the relative estimation error for the modulus of elasticity of the unbound material does not exceed 25%, while the correlation between actual and predicted values is 86%, both suggesting that the proposed approach models the physical phenomenon adequately, a finding with important practical implications particularly in PPP projects. [ABSTRACT FROM AUTHOR]

This paper introduced a new ensemble learning approach, based on evolutionary fuzzy cognitive maps (FCMs), artificial neural networks (ANNs), and their hybrid structure (FCM-ANN), for time series prediction. The main aim of time series forecasting is to obtain reasonably accurate forecasts of future data from analyzing records of data. In the paper, we proposed an ensemble-based forecast combination methodology as an alternative approach to forecasting methods for time series prediction. The ensemble learning technique combines various learning algorithms, including SOGA (structure optimization genetic algorithm)-based FCMs, RCGA (real coded genetic algorithm)-based FCMs, efficient and adaptive ANNs architectures, and a hybrid structure of FCM-ANN, recently proposed for time series forecasting. All ensemble algorithms execute according to the one-step prediction regime. The particular forecast combination approach was specifically selected due to the advanced features of each ensemble component, where the findings of this work evinced the effectiveness of this approach, in terms of prediction accuracy, when compared against other well-known, independent forecasting approaches, such as ANNs or FCMs, and the long short-term memory (LSTM) algorithm as well. The suggested ensemble learning approach was applied to three distribution points that compose the natural gas grid of a Greek region. For the evaluation of the proposed approach, a real-time series dataset for natural gas prediction was used. We also provided a detailed discussion on the performance of the individual predictors, the ensemble predictors, and their combination through two well-known ensemble methods (the average and the error-based) that are characterized in the literature as particularly accurate and effective. The prediction results showed the efficacy of the proposed ensemble learning approach, and the comparative analysis demonstrated enough evidence that the approach could be used effectively to conduct forecasting based on multivariate time series. [ABSTRACT FROM AUTHOR]

The aim of the study was to investigate the utility of artificial neural networks (ANNs) for the estimation of reference evapotranspiration (ETo) on the Peloponnese Peninsula in Greece for two representative months of wintertime and summertime during 2016–2019 and to test if using fewer inputs could lead to satisfactory predictions. Datasets from sixty-two meteorological stations were employed. The available inputs were mean temperature (Tmean), sunshine (N), solar radiation (Rs), net radiation (Rn), vapour pressure deficit (es-ea), wind speed (u2) and altitude (Z). Nineteen Multi-layer Perceptron (MLP) and Radial Basis Function (RBF) models were tested and compared against the corresponding FAO-56 Penman Monteith (FAO PM) estimates of a previous study, via statistical indices. The MLP1 7-2 model with all the variables as inputs outperformed the rest of the models (RMSE = 0.290 mm d−1, R2 = 98%). The results indicate that even ANNs with simple architecture can be very good predictive models of ETo for the Peloponnese, based on the literature standards. The MLP1 model determined Tmean, followed by u2, as the two most influential factors for ETo. Moreover, when one input was used (Tmean, Rn), RBFs slightly outperformed MLPs (RMSE < 0.385 mm d−1, R2 ≥ 96%), which means that even a sole-input ANN resulted in satisfactory predictions of ETo. [ABSTRACT FROM AUTHOR]

The significant increase of wind energy production worldwide revealed the necessity of its accurate forecasting. However, this is a very complex and, despite the progress made, more accurate forecasting methods are still needed. Accurate forecasts will contribute to a better power plant and grid management by solving problems related to the distribution and storage of the produced electricity, maximizing thus the profits of wind energy investments, contributing ultimately to their further enhancement. Here we present the development and validation of selected artificial neural network (ANN) wind energy forecasting models that produce hourly forecasts for 24 hours forecast horizon. The models are developed and validated using wind speed, direction, and energy produced by a wind power plant located at a semi-mountainous area in Western Greece. The ANN forecasts are compared against those of the persistence method using the Root Means Square Error (RMSE) and the Mean Absolute Percentage Error (MAPE) statistics. [ABSTRACT FROM AUTHOR]

Abstract: This paper presents an artificial intelligence approach integrated with geographical information systems (GISs) for modeling urban evolution. Fuzzy logic and neural networks are used to provide a synthetic spatiotemporal methodology for the analysis, prediction and interpretation of urban growth. The proposed urban model takes into account the changes over time in population and building use patterns. A GIS is used for handling the spatial and temporal data, performing contingency analysis and mapping the results. Spatial entities with similar characteristics are grouped together in clusters by the use of a fuzzy c-means algorithm. Each cluster represents a specific level of urban growth and development. A two-layer feed-forward multilayer perceptron artificial neural network is then used to predict urban growth. The model, applied to the prefecture of Attica, Greece, delineates the current and future evolution trends of the Athens metropolitan area, which are illustrated by maps of the urban growth dynamics. The proposed methodology aims to assist planners and decision makers in gaining insight into the transition from rural to urban. [Copyright &y& Elsevier]

Abstract: Missing data are omnipresent in forestry research, and this poses problems in the analysis of primary data. Many statistical problems have been viewed as missing data problems. To cope with incomplete data, several methods are currently being used. They are all based on assumptions some of which might not be valid in a particular case. The choice mostly depends on the objective of the study. Considerable mensuration research is motivated by the need for yield projections that can support forest management decisions. This paper is focused on a new approach for filling gaps in diameter measurements on standing tree boles. Dealing with this problem, an attempt was made to examine the applicability of artificial neural network models for missing data estimation and to use the estimated values in the subsequent analysis. The procedure that should be followed in the development of such models is outlined. The results show good performance of the examined ANN models compared to regression treatments for missing data and ANN models demonstrate their adequacy and potential for filling gaps in diameter measurements on standing tree boles. The ANN models applied in this study are sufficiently general and have great potential to be applicable for estimating the missing values of many variables in environmental applications. [Copyright &y& Elsevier]

Assessing wine taste quality is a key factor for successful sales in the wine industry, where the aim is to meet consumer's demands. This is obtained by the analytic method of wine vinification. Evaluation of the wine's quality as determined by wine experts, according to sensor properties, plays an important role. This study introduces an alternative method for wine quality prediction by using machine learning techniques, such as linear regression and neural networks. The purpose is to make the evaluation process less expensive and less time-consuming at various stages of the production process. Our data analysis is based on a real wine dataset provided by an established winery in Greece. First of all, we study the correlation of quality with physicochemical features of wine considered at the winery. Statistical analysis indicates a significant interaction between the variables involved. We handle this problem by using Artificial Neural Networks(ANN). It is shown that ANN improves the accuracy of predicting wine quality based on the features selected. [ABSTRACT FROM AUTHOR]

Normal lung function values are conventionally calculated according to prediction equations. The primary objective of this study is the development of a different method for the prediction of FVC and FEV 1 parameters, in order to achieve better correlation of the predicted values to the real ones. Using a sample from the Greek elderly population that was separated into two groups (a training and a testing one), a number of artificial neural networks were trained. Considering that men and women were studied separately and that two parameters (FVC, FEV 1 ) were the target of the study, four cases came up. In each case two neural networks were trained using different transfer functions, number of neurons and number of layers. When passing the inputs of the testing data set to the trained networks it was found that the outputs were well correlated with the corresponding measures of the sample. Furthermore, the match with the sample, for a number of neural networks developed, was better compared to the matches of Baltopoulos et al . study that used the same sample for developing prediction equations. This high match allows the potential use of neural networks for predicting not only FVC and FEV 1 but also other spirometric parameters. [ABSTRACT FROM AUTHOR]