Authors
Kuo-Ping Lin, Ping-Feng Pai, Yu-Ming Lu, Ping-Teng Chang
Publication date
2013/1/20
Journal
Information Sciences
Volume
220
Pages
196-209
Publisher
Elsevier
Description
Revenue forecasting is difficult but essential for companies that want to create high-quality revenue budgets, especially in an uncertain economic environment with changing government policies. Under these conditions, the subjective judgment of decision makers is a crucial factor in making accurate forecasts. This investigation develops a fuzzy least-squares support vector regression model with genetic algorithms (FLSSVRGA) to forecast seasonal revenues. The FLSSVRGA uses the H-level to control the possibility distribution range yielded by the fuzzy model and to provide the fuzzy prediction interval. Depending on various factors, such as the global economy and government policies, a decision maker can elect a different level for H using the FLSSVRGA. The proposed FLSSVRGA model is a rolling forecasting model with time series data updated monthly that predicts revenue for the coming month. Four other …
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