A Low Complexity FLANN Architecture for Forecasting Stock Time Series Data Training with Meta-Heuristic Firefly Algorithm

Prediction of future trends in financial time-series data related to the stock market is very important for making decisions to make high profit in the stock market trading. Typically the economic time-series data are non-linear, volatile and many other factors crash the market for local or global issues. Because of these factors investors find difficult to predict consistently and efficiently. The motive of designing a framework for predicting time series data is by using a low complexity, adaptive functional link artificial neural network (FLANN). The FLANN is basically a single layer structure in which non-linearity is introduced by enhancing the input pattern. The architecture of FLANN is trained with Meta-Heuristic Firefly Algorithm to achieve the excellent forecasting to increase the accurateness of prediction and lessen in training time. The projected framework is compared by using FLANN training with conventional back propagation learning method to examine the accuracy of the model.

[1]  Y. Takefuji,et al.  Functional-link net computing: theory, system architecture, and functionalities , 1992, Computer.

[2]  An-Sing Chen,et al.  Application of Neural Networks to an Emerging Financial Market: Forecasting and Trading the Taiwan Stock Index , 2001, Comput. Oper. Res..

[3]  P. K. Dash,et al.  Forecasting and classification of Indian stocks using different polynomial functional link artificial neural networks , 2012, 2012 Annual IEEE India Conference (INDICON).

[4]  Ganapati Panda,et al.  Development and performance evaluation of FLANN based model for forecasting of stock markets , 2009, Expert Syst. Appl..

[5]  Weiming Gao,et al.  An Improved Inertia Weight Firefly Optimization Algorithm and Application , 2012, 2012 International Conference on Control Engineering and Communication Technology.

[6]  Hua-Ning Hao Notice of RetractionShort-term forecasting of stock price based on genetic-neural network , 2010, 2010 Sixth International Conference on Natural Computation.

[7]  J C Patra,et al.  Chebyshev Neural Network-Based Model for Dual-Junction Solar Cells , 2011, IEEE Transactions on Energy Conversion.

[8]  Pradipta Kishore Dash,et al.  Efficient Prediction of Stock Market Indices Using Adaptive Neural Network , 2011, SocProS.

[9]  D. K. Bebarta,et al.  An Intelligent Stock Forecasting System Using a Unify Model of CEFLANN, HMM and GA for Stock Time Series Phenomena , 2015 .

[10]  David Brownstone,et al.  Using percentage accuracy to measure neural network predictions in Stock Market movements , 1996, Neurocomputing.

[11]  Ganapati Panda,et al.  Artificial neural network-based nonlinearity estimation of pressure sensors , 1994 .

[12]  Cedric Bornand,et al.  Laguerre neural network-based smart sensors for wireless sensor networks , 2009, 2009 IEEE Instrumentation and Measurement Technology Conference.

[13]  H. PaoY.,et al.  Functional-link net computing , 1992 .

[14]  Pradipta Kishore Dash,et al.  Comparative study of stock market forecasting using different functional link artificial neural networks , 2012, Int. J. Data Anal. Tech. Strateg..

[15]  D. K. Bebarta,et al.  Dynamic Recurrent FLANN Based Adaptive Model for Forecasting of Stock Indices , 2015 .

[16]  Farookh Khadeer Hussain,et al.  Support vector regression with chaos-based firefly algorithm for stock market price forecasting , 2013, Appl. Soft Comput..

[17]  Himansu Sekhar Behera,et al.  A CRO Based FLANN for Forecasting Foreign Exchange Rates Using FLANN , 2015 .

[18]  Leandro dos Santos Coelho,et al.  Firefly approach optimized wavenets applied to multivariable identification of a thermal process , 2013, Eurocon 2013.