THE COMPUTATIONAL INTELLIGENCE TECHNIQUES FOR PREDICTIONS - ARTIFICIAL NEURAL NETWORKS

Mary Violeta Bar
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Mary Violeta Bar: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2014, vol. 2, issue 42, 184-190

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.

Keywords: Computational intelligence techniques; Artificial Neural Networks; prediction (search for similar items in EconPapers)
JEL-codes: C45 C53 C63 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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