ANFIS and LSTM Techniques based Model for Time-Series Forecasting

One of the most challenging issues in the world of data science and machine learning is time series forecasting. A set of continuous variables must be predicted over a range of time intervals. In order to fit the curve to the time series and generate forecasts, traditional methodologies call for the analytical computation of regression factors. Such techniques take a lot of time, are prone to mistakes, and do not accurately represent the facts. Time series forecasting has gained a lot of interest recently because of advancements in the disciplines of deep learning (DL) and artificial intelligence (AI), particularly in the DL space. This research expands on prior work on time series forecasting that used pricing from petrochemical goods as a case study and explored the deep learning approach as a soft computing model vs ANFIS (Adaptive Neuro-Fuzzy Inference System) as a classical model for anticipating resin prices. This research suggests utilizing a hybrid neuro-fuzzy model with Long Short-Term Memory (LSTM) and ANFIS to perform forecasting as well as compare their results. Predicting outcome demonstrates that the LSTM model has a relatively low error in terms of SMAE that is 30.48 for night time data, 6.27 for unemployment data, and 110.26 for agriculture, and also a variance score which is 0.92 for night time data, 0.55 for unemployment data, and 0.63 for agriculture of India while SMAPE that is 30.96 for night time data, 3.81 for unemployment data, and 57.05 for agriculture and also a variance score which is 0.95 for night time data, 0.84 for unemployment data, and 0.79 for agriculture of Uttarakhand. Moreover, more performance metrics are used, and their test also demonstrates that there is an important difference in LSTM based estimating accuracy if contrasted to LSTM and ANFIS.

Authors

Institutions

Publication Details

Published
2024-12-20
DOI
https://doi.org/10.1109/ariia63345.2024.11051439
Primary Topic
Stock Market Forecasting Methods
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

ANFIS and LSTM Techniques based Model for Time-Series Forecasting

Monika Dandotiya, Shikha Sharma, Nikhil Kumar Goyal
Stock Market Forecasting Methods
article

ANFIS and LSTM Techniques based Model for Time-Series Forecasting

Monika Dandotiya, Shikha Sharma, Nikhil Kumar Goyal
article en

Abstract

One of the most challenging issues in the world of data science and machine learning is time series forecasting. A set of continuous variables must be predicted over a range of time intervals. In order to fit the curve to the time series and generate forecasts, traditional methodologies call for the analytical computation of regression factors. Such techniques take a lot of time, are prone to mistakes, and do not accurately represent the facts. Time series forecasting has gained a lot of interest recently because of advancements in the disciplines of deep learning (DL) and artificial intelligence (AI), particularly in the DL space. This research expands on prior work on time series forecasting that used pricing from petrochemical goods as a case study and explored the deep learning approach as a soft computing model vs ANFIS (Adaptive Neuro-Fuzzy Inference System) as a classical model for anticipating resin prices. This research suggests utilizing a hybrid neuro-fuzzy model with Long Short-Term Memory (LSTM) and ANFIS to perform forecasting as well as compare their results. Predicting outcome demonstrates that the LSTM model has a relatively low error in terms of SMAE that is 30.48 for night time data, 6.27 for unemployment data, and 110.26 for agriculture, and also a variance score which is 0.92 for night time data, 0.55 for unemployment data, and 0.63 for agriculture of India while SMAPE that is 30.96 for night time data, 3.81 for unemployment data, and 57.05 for agriculture and also a variance score which is 0.95 for night time data, 0.84 for unemployment data, and 0.79 for agriculture of Uttarakhand. Moreover, more performance metrics are used, and their test also demonstrates that there is an important difference in LSTM based estimating accuracy if contrasted to LSTM and ANFIS.

Poornima University (IN)
Climate action
Openalex Percentile: Top 64%
Stock Market Forecasting Methods
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.