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- Title
IMPROVEMENT OF THE METHOD OF FORECASTING FINANCIAL INDICATORS WITH CONSIDERATION OF THE RULES OF THE ELLIOTT WAVE PRINCIPLE.
- Authors
Kovalchuk, K. F.; Nykytenko, O. K.
- Abstract
The article improves the model of forecasting financial indicators with consideration of the rules of the Elliott wave principle. It justifies the use of the common scale of qualitative terms for describing the knowledge matrix. It offers a mathematical mechanism for assessment of characteristics of consistency and fullness of knowledge through introduction of support of decision making not one but several fuzzy logical statements with various operations of conjunction and disjunction and also application of voting for identifying the most probable answer about the further market movement. The article offers to use a check on correspondence with "clear" rules for reduction of influence of incorrect templates in the process of model adjustment upon the educating sampling. It offers to use the model exclusively for short-term forecasting.
- Subjects
ECONOMIC forecasting; ECONOMIC indicators; ELLIOTT wave principle; QUALITATIVE research; FUZZY logic; ECONOMIC decision making
- Publication
Problems of Economy, 2013, Issue 4, p384
- ISSN
2222-0712
- Publication type
Article