1. Sugeno Intuitionistic Fuzzy Generator Based Computational Technique for Crude Oil Price Forecasting
- Author
-
Dinesh C. S. Bisht and Gunjan Goyal
- Subjects
Generator (computer programming) ,intuitionistic fuzzy set ,General Computer Science ,lcsh:T ,lcsh:Mathematics ,020209 energy ,General Mathematics ,sugeno type complement function ,General Engineering ,Intuitionistic fuzzy ,ComputerApplications_COMPUTERSINOTHERSYSTEMS ,02 engineering and technology ,lcsh:QA1-939 ,Crude oil ,lcsh:Technology ,General Business, Management and Accounting ,Computational Technique ,fuzzy c-means clustering ,Control theory ,0202 electrical engineering, electronic engineering, information engineering ,020201 artificial intelligence & image processing ,crude oil price forecasting ,fuzzy time series ,Mathematics - Abstract
Crude oil being a significant source of energy, change of crude oil price can affect the global economy. In this paper, a new approach based on the intuitionistic fuzzy set theory has been implemented to predict the crude oil price. This paper presents the intuitionistic fuzzy time series forecasting algorithm to enhance the efficacy of time series forecasting which includes fuzzy c-means clustering to obtain the optimal cluster centers. Further, a computational technique is proposed for the construction of triangular fuzzy sets and these fuzzy sets are converted to intuitionistic fuzzy sets with the help of Sugeno type intuitionistic fuzzy generator. The popular benchmark dataset of West Texas Intermediate crude oil spot price is used for the validation process. The numerical results when compared with existing methods notify that the proposed method enhances the accuracy of the crude oil price forecasts.
- Published
- 2020