Back to Search Start Over

Fuzzy Autoregressive Distributed Lag model-based forecasting.

Authors :
Eren, MiraƧ
Source :
Fuzzy Sets & Systems. May2023, Vol. 459, p82-94. 13p.
Publication Year :
2023

Abstract

This research aims to be guided decision-makers in future planning by estimating the tendency of data consistently. In this context, it is thought that the integration of the Autoregressive Distributed Lag-ARDL models, gathering the independent factors and their past effects as well as the past trend of the dependent variable, with fuzzy regression methods, would give more realistic results. To prove the correctness of this idea, the Fuzzy-ARDL method has been proposed and tested the superiority of the research on the projection of USAs' annual oil consumption data examined by researchers previously. For this purpose, raw data of crude oil import price, population, gross national domestic production (GDP) per capita, and oil production variables, previously compiled annually, have been considered independent variables. Then the proposed model has been benchmarked with the other promising models from the fuzzy regression literature. As a result, according to various Accuracy Measures values, it has been seen that the proposed model outperforms the other promising models. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
01650114
Volume :
459
Database :
Academic Search Index
Journal :
Fuzzy Sets & Systems
Publication Type :
Academic Journal
Accession number :
162437778
Full Text :
https://doi.org/10.1016/j.fss.2022.06.003