TY - CONF Y1 - 2007/// A1 - Andreeski, C.J. A1 - Vasant, P.M. A1 - Stankovski, M.J. A1 - Dimirovski, G.M. ID - scholars130 TI - Elman NN and time series in forecasting models for decision making SN - 1889335339; 9781889335339 KW - Economic analysis; Mathematical models; Neural networks; Software packages; Time series analysis KW - Economic statistical data; Elman neural networks; Forecasting models; Forecasting patterns KW - Decision making N1 - cited By 1; Conference of 2006 World Automation Congress, WAC'06 ; Conference Date: 24 June 2006 Through 26 June 2006; Conference Code:70717 N2 - This paper examines and compares analytical tools in analysis of economic statistical data, econometric modeling, and neural network, soft-computing modeling, as representation models for time series processing in forecasting, decision and control. In addition, a novel forecasting model using Elman networks is proposed. A comprehensive experiment in applying the latter modeling has been carried out, some specific applications software developed, and a number of benchmark series from the literature processed. This paper reports on comparison findings as well on the use of our application software package which encompasses routines for regression, ARIMA and NN analysis of time series. The comparison analysis is illustrated by a sample example known as difficult to model via any technique. Copyright - World Automation Congress (WAC) 2006. AV - none CY - Budapest UR - https://www.scopus.com/inward/record.uri?eid=2-s2.0-36849021972&doi=10.1109%2fWAC.2006.376053&partnerID=40&md5=e4aa0cea8d10c7edf224d2317f3d7e67 ER -