Computational Intelligence in Time Series Forecasting: Theory and Engineering Applications

Ajoy K. Palit, Dobrivoje Popovic9781852339487, 1852339489

Foresight in an engineering enterprise can make the difference between success and failure and can be vital to the effective control of industrial systems. Forecasting the future from accumulated historical data is a tried and tested method in areas such as engineering finance. Applying time series analysis in the on-line milieu of most industrial plants has been more problematic because of the time and computational effort required. The advent of soft computing tools such as the neural network and the genetic algorithm offers a solution.Chapter by chapter, Computational Intelligence in Time Series Forecasting harnesses the power of intelligent technologies individually and in combination. Examples of the particular systems and processes susceptible to each technique are investigated, cultivating a comprehensive exposition of the improvements on offer in quality, model building and predictive control, and the selection of appropriate tools from the plethora available; these include:• forecasting electrical load, chemical reactor behaviour and high-speed-network congestion using fuzzy logic; • prediction of airline passenger patterns and of output data for nonlinear plant with combination neuro-fuzzy networks; • evolutionary modelling and anticipation of stock performance by the use of genetic algorithms. Application-oriented engineers in process control, manufacturing, the production industries and research centres will find much to interest them in Computational Intelligence in Time Series Forecasting and the book is suitable for industrial training purposes. It will also serve as valuable reference material for experimental researchers”