Title :
Forecasting exchange rates with fuzzy logic and approximate reasoning
Author :
Tsai, Chao-Chih ; Wu, Shun-Jyh
Author_Institution :
Dept. of Math. Educ., Nat. Tainan Teachers Coll., Taiwan
Abstract :
We study the influence of a novel scheme which can be embedded into the Chen model. The data of historical records of exchange rates between the US Dollar and NT Dollar shown by Wu and Shih (1994) are conducted. The root mean square error of the forecasts can be improved from 0.1872 for Chen´s method to 0.0314 for the current model
Keywords :
financial data processing; foreign exchange trading; fuzzy logic; inference mechanisms; time series; Chen model; US Dollar/NT Dollar exchange rates; approximate reasoning; exchange rate forecasting; fuzzy logic; historical records; root mean square error; Chaos; Educational institutions; Educational technology; Exchange rates; Fuzzy logic; Fuzzy sets; Humans; Mathematics; Predictive models; Root mean square;
Conference_Titel :
Fuzzy Information Processing Society, 2000. NAFIPS. 19th International Conference of the North American
Conference_Location :
Atlanta, GA
Print_ISBN :
0-7803-6274-8
DOI :
10.1109/NAFIPS.2000.877418
