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The Computational Intelligence Techniques For Predictions - Artificial Neural Networks

Author

Listed:
  • Mary Violeta Bar

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

The computational intelligence techniques are used in problems which can not be solved by traditional techniques when there is insufficient data to develop a model problem or when they have errors.Computational intelligence, as he called Bezdek (Bezdek, 1992) aims at modeling of biological intelligence. Artificial Neural Networks( ANNs) have been applied to an increasing number of real world problems of considerable complexity. Their most important advantage is solving problems that are too complex for conventional technologies - problems that do not have an algorithmic solution or for which an algorithmic solution is too complex to be found. In general, because of their abstraction from the biological brain, ANNs are well suited for problems that people are good at solving, but for which computers are not. The ability to accurately predict the future is fundamental to many decision activities in many functional areas of business.In this paper emphasize the advantages and disadvantages of using ANNs for predictions.

Suggested Citation

  • Mary Violeta Bar, 2014. "The Computational Intelligence Techniques For Predictions - Artificial Neural Networks," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(42), pages 184-190.
  • Handle: RePEc:aio:aucsse:v:2:y:2014:i:42:p:184-190
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    File URL: http://feaa.ucv.ro/AUCSSE/0042v2-024.pdf
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    Citations

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    Cited by:

    1. Alisa Bilal Zoric, 2016. "Predicting customer churn in banking industry using neural networks," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 14(2), pages 116-124.

    More about this item

    Keywords

    Computational intelligence techniques; Artificial Neural Networks; prediction;
    All these keywords.

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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