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A New Approach to Forecast Crude Oil Price Based on Fuzzy Neural Network

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3 Author(s)
Jinlan Liu ; Tianjin University, Tianjin ; Yin Bai ; Bin Li

A new oil price forecasting model based on fuzzy neural network, which combings RBF neural network, Markov chain based semi parametric model and wavelet analysis is proposed in this paper. The high degree of prediction accuracy confirms the performance of the model in accurate forecasts, reinforcement learning properties and mapping capabilities.

Published in:

Fuzzy Systems and Knowledge Discovery, 2007. FSKD 2007. Fourth International Conference on  (Volume:3 )

Date of Conference:

24-27 Aug. 2007