intelligent decision support systems for oil price forecasting
نویسندگان
چکیده
this research studies the application of hybrid algorithms for predicting the prices of crude oil. brent crude oil price data and hybrid intelligent algorithm (time delay neural network, probabilistic neural network, and fuzzy logic) were used to build intelligent decision support systems for predicting crude oil prices. the proposed model was able to predict future crude oil prices from august 2013 to july 2014. future prices can guide decision makers in economic planning and taking effective measures to tackle the negative impact of crude oil price volatility. energy demand and supply projection can effectively be tackled with accurate forecasts of crude oil prices, which in turn can create stability in the oil market. the future crude oil prices predict by the intelligent decision support systems can be used by both government and international organizations related to crude oil such as organization of petroleum exporting countries (opec) for policy formulation in the next one year. dor: 98.1000/1726-8125.2015.0.47.0.0.73.103
منابع مشابه
Intelligent Systems for Decision Support
Decision support systems play an important role in many application domains. For instance, in the detection of serious crime, including terrorist activity, an intelligent system which is capable of automated modelling and analysis of intelligence data is of great importance. It will provide useful decision support for intelligence analysts, offering an effective means in the assessment of scena...
متن کاملIntelligent decision support systems
In this paper we examine characteristics common to successful intelligent decision support systems. In doing this, we attempt to bridge the gap between disparate communities engaged in building various parts of these systems. Three systems were examined in detail from widely different applications and more than 20 additional systems were considered at a lower level of detail. By examining deplo...
متن کاملIntelligent spatial decision support systems
This thesis investigates the conceptual and methodological issues for the development of Intelligent Spatial Decision Support Systems (ISDSS). These are spatial decision support systems (SDSS) integrating intelligent systems techniques (Genetic Algorithms, Neural Networks, Expert Systems, Fuzzy Logic and Nonlinear methods) with traditional modelling and statistical methods for the analysis of s...
متن کاملIntelligent Clinical Decision Support Systems
Clinical Decision Support Systems (CDSS) have the potential to replace painful, invasive, and costly procedures, to optimize medical decisions, improve medical care, and reduce costs. An even better strategy is to make use of a knowledge discovery in data approach, with the aid of artificial intelligence tools. This results in transforming conventional CDSS in Intelligent Clinical Decision Supp...
متن کاملIntelligent Decision Support Systems for Laws Drafting
Law is a set of rules or norms of conduct which mandate, proscribe or permit specified relationships among people and organizations, provide methods for ensuring the impartial treatment of such people, and provide punishments for those who do not follow the established rules of conduct. Drafting regulations and policies are a complicated process requiring a careful coordination and understandin...
متن کاملمنابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
international journal of information science and managementجلد ۲۰۱۵، شماره ۱۱، صفحات ۰-۰
میزبانی شده توسط پلتفرم ابری doprax.com
copyright © 2015-2023