eprintid: 130 rev_number: 2 eprint_status: archive userid: 1 dir: disk0/00/00/01/30 datestamp: 2023-11-09 15:15:46 lastmod: 2023-11-09 15:15:46 status_changed: 2023-11-09 15:13:23 type: conference_item metadata_visibility: show creators_name: Andreeski, C.J. creators_name: Vasant, P.M. creators_name: Stankovski, M.J. creators_name: Dimirovski, G.M. title: Elman NN and time series in forecasting models for decision making ispublished: pub keywords: Economic analysis; Mathematical models; Neural networks; Software packages; Time series analysis, Economic statistical data; Elman neural networks; Forecasting models; Forecasting patterns, Decision making note: cited By 1; Conference of 2006 World Automation Congress, WAC'06 ; Conference Date: 24 June 2006 Through 26 June 2006; Conference Code:70717 abstract: 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. date: 2007 official_url: https://www.scopus.com/inward/record.uri?eid=2-s2.0-36849021972&doi=10.1109%2fWAC.2006.376053&partnerID=40&md5=e4aa0cea8d10c7edf224d2317f3d7e67 id_number: 10.1109/WAC.2006.376053 full_text_status: none publication: 2006 World Automation Congress, WAC'06 place_of_pub: Budapest refereed: TRUE isbn: 1889335339; 9781889335339 citation: Andreeski, C.J. and Vasant, P.M. and Stankovski, M.J. and Dimirovski, G.M. (2007) Elman NN and time series in forecasting models for decision making. In: UNSPECIFIED.