We propose a fuzzy linguistic prediction method for improving fuzzy random prediction. It uses the bit map summary to determine the trend of objects rising or falling and then uses the fuzzy linguistic summary to compute the parameter of fuzzy random prediction. To show how this method works, we use it to predict the present Taiwan leading index, which gives the economic trend for the next 3 months. By further predicting the leading indices of months that follow, we can forecast the economic trend for the next year.
Relation:
International Journal of Intelligent Systems 18(8), pp.893-901