Prediction of Asian Steel Price Index Using Fuzzy Time Series

The Asian steel price index is a leading indicator of the Asian economy. Studying the collection of Asian steel price index data and establishing a fuzzy time series model used to analyze the relationship between the remuneration of the Asian steel price index rate of change in the future. The results of the analysis are as follows. (1) The model showed that the predictive value of the 2012 Asian steel price index is 211.86 and its trading range fluctuates (74.57, 211.86). (2) The Asian steel price index index rate of return is still positive, and the prediction error within the group averages 3.90%; an error range of less than 5 percent indicates a good prediction model.