This paper presents a fuzzy stochastic prediction method for real-time predicting of stock prices. A complete contrast to the crisp stochastic method, it requires a fuzzy linguistic summary approach to computing parameters. This approach, which is found to be better than the gray prediction method, can eliminate outliers and limit the data to a normal condition for prediction, with a comparatively very small deviation of 4.5 percent.
Published in:
Knowledge and Data Engineering, IEEE Transactions on
(Volume:15
,
Issue:
4
)
Date of Publication: July-Aug. 2003