Financial time series prediction using a dendritic neuron model

Evaluating single multiplicative neuron models in physics-informed neural networks for differential equations

Machine learning is a prominent and highly effective field of study, renowned for its ability to yield favorable outcomes in estimation and classification tasks. Within this domain, artificial neural networks (ANNs) have emerged as one of the most powerful methodologies. Physics-informed neural networks (PINNs) have proven particularly adept at solving physics problems formulated as differential equations, incorporating boundary and initial conditions into the ANN's loss function. However, a critical challenge in ANNs lies in determining the optimal architecture, encompassing the selection of the appropriate number of neurons and layers. Traditionally, the Single Multiplicative Neuron Model (SMNM) has been explored as a solution to this issue, utilizing a single neuron with a multiplication function in the hidden layer to enhance computational efficiency. This study initially aimed to apply the SMNM within the PINNs framework, targeting the differential equationy ' - y = 0 with boundary conditions y ( 0 ) = 1 and y ( 1 ) = e . Upon implementation, however, it was discovered that while the conventional SMNM approach was theorized to offer significant advantages, multiplicative aggregate function led to a failure in convergence. Consequently, we introduced a "mimic single multiplicative neuron model (mimic-SMNM)" employing an architecture with a single neuron, designed to simulate the SMNM's conceptual advantages while ensuring convergence and computational efficiency. Comparative analysis revealed that the real-PINNs accurately solved the equation, the true SMNM failed to converge, and the mimic model was highlighted for its architectural simplicity and computational feasibility, directly implying it is faster and more efficient than real PINNs for the solution of simple differential equations. Furthermore, our findings demonstrated that our proposed mimic-SMNM model achieves a five-times increase in computational speed compared to real PINNs after 30,000 epochs.

Competitive Decomposition-Based Multiobjective Architecture Search for the Dendritic Neural Model

The dendritic neural model (DNM) is computationally faster than other machine-learning techniques, because its architecture can be implemented by using logic circuits and its calculations can be performed entirely in binary form. To further improve the computational speed, a straightforward approach is to generate a more concise architecture for the DNM. Actually, the architecture search is a large-scale multiobjective optimization problem (LSMOP), where a large number of parameters need to be set with the aim of optimizing accuracy and structural complexity simultaneously. However, the issues of irregular Pareto front, objective discontinuity, and population degeneration strongly limit the performances of conventional multiobjective evolutionary algorithms (MOEAs) on the specific problem. Therefore, a novel competitive decomposition-based MOEA is proposed in this study, which decomposes the original problem into several constrained subproblems, with neighboring subproblems sharing overlapping regions in the objective space. The solutions in the overlapping regions participate in environmental selection for the neighboring subproblems and then propagate the selection pressure throughout the entire population. Experimental results demonstrate that the proposed algorithm can possess a more powerful optimization ability than the state-of-the-art MOEAs. Furthermore, both the DNM itself and its hardware implementation can achieve very competitive classification performances when trained by the proposed algorithm, compared with numerous widely used machine-learning approaches.

Fully Complex-Valued Dendritic Neuron Model

A single dendritic neuron model (DNM) that owns the nonlinear information processing ability of dendrites has been widely used for classification and prediction. Complex-valued neural networks that consist of a number of multiple/deep-layer McCulloch-Pitts neurons have achieved great successes so far since neural computing was utilized for signal processing. Yet no complex value representations appear in single neuron architectures. In this article, we first extend DNM from a real-value domain to a complex-valued one. Performance of complex-valued DNM (CDNM) is evaluated through a complex XOR problem, a non-minimum phase equalization problem, and a real-world wind prediction task. Also, a comparative analysis on a set of elementary transcendental functions as an activation function is implemented and preparatory experiments are carried out for determining hyperparameters. The experimental results indicate that the proposed CDNM significantly outperforms real-valued DNM, complex-valued multi-layer perceptron, and other complex-valued neuron models.

Adopting improved Adam optimizer to train dendritic neuron model for water quality prediction

As one of continuous concern all over the world, the problem of water quality may cause diseases and poisoning and even endanger people's lives. Therefore, the prediction of water quality is of great significance to the efficient management of water resources. However, existing prediction algorithms not only require more operation time but also have low accuracy. In recent years, neural networks are widely used to predict water quality, and the computational power of individual neurons has attracted more and more attention. The main content of this research is to use a novel dendritic neuron model (DNM) to predict water quality. In DNM, dendrites combine synapses of different states instead of simple linear weighting, which has a better fitting ability compared with traditional neural networks. In addition, a recent optimization algorithm called AMSGrad (Adaptive Gradient Method) has been introduced to improve the performance of the Adam dendritic neuron model (ADNM). The performance of ADNM is compared with that of traditional neural networks, and the simulation results show that ADNM is better than traditional neural networks in mean square error, root mean square error and other indicators. Furthermore, the stability and accuracy of ADNM are better than those of other conventional models. Based on trained neural networks, policymakers and managers can use the model to predict the water quality. Real-time water quality level at the monitoring site can be presented so that measures can be taken to avoid diseases caused by water quality problems.

Single dendritic neural classification with an effective spherical search-based whale learning algorithm

McCulloch-Pitts neuron-based neural networks have been the mainstream deep learning methods, achieving breakthrough in various real-world applications. However, McCulloch-Pitts neuron is also under longtime criticism of being overly simplistic. To alleviate this issue, the dendritic neuron model (DNM), which employs non-linear information processing capabilities of dendrites, has been widely used for prediction and classification tasks. In this study, we innovatively propose a hybrid approach to co-evolve DNM in contrast to back propagation (BP) techniques, which are sensitive to initial circumstances and readily fall into local minima. The whale optimization algorithm is improved by spherical search learning to perform co-evolution through dynamic hybridizing. Eleven classification datasets were selected from the well-known UCI Machine Learning Repository. Its efficiency in our model was verified by statistical analysis of convergence speed and Wilcoxon sign-rank tests, with receiver operating characteristic curves and the calculation of area under the curve. In terms of classification accuracy, the proposed co-evolution method beats 10 existing cutting-edge non-BP methods and BP, suggesting that well-learned DNMs are computationally significantly more potent than conventional McCulloch-Pitts types and can be employed as the building blocks for the next-generation deep learning methods.

Time-series data prediction problem analysis through multilayered intuitionistic fuzzy sets

For several years, time-series prediction seems to have been a popular research topic. Sales plans, ECG forecasts, meteorological circumstances, and even COVID-19 spreading projections are among its uses. These implementations have inspired several scientists to develop an optimum forecasting method; however, the modeling method varies as the implementation domain evolves. Telemetry data prediction is an important component of networking and information center control software. As a generalization of such a fuzzy system, the concept of an intuitionistic fuzzified set was created, which has proven to become a highly valuable tool in dealing with indeterminacy (hesitation) as in-network. Indeterminacy is frequently overlooked in applying fuzzified time-series prediction for no obvious cause. We introduce the concept of intuitionistic fuzzified time series within a current study to deal with non-determinism with time-series prediction. Also, it seems to be an intuitionistic fuzzified time-series prediction framework. Using time-series information, the suggested intuitionistic fuzzified time-series predicting approach employs intuitionistic fuzzified logical relationships. The suggested method's effectiveness is tested using two-time sequence data sets. By contrasting the predicted result with some other intuitionistic timing series predicting techniques utilizing root-mean-square inaccuracy and averaged predicting errors, the usefulness of the suggested intuitionistic fuzzified time-series predicting approach is demonstrated.

Wind Power Forecasting Using Optimized Dendritic Neural Model Based on Seagull Optimization Algorithm and Aquila Optimizer

It is necessary to study different aspects of renewable energy generation, including wind energy. Wind power is one of the most important green and renewable energy resources. The estimation of wind energy generation is a critical task that has received wide attention in recent years. Different machine learning models have been developed for this task. In this paper, we present an efficient forecasting model using naturally inspired optimization algorithms. We present an optimized dendritic neural regression (DNR) model for wind energy prediction. A new variant of the seagull optimization algorithm (SOA) is developed using the search operators of the Aquila optimizer (AO). The main idea is to apply the operators of the AO as a local search in the traditional SOA, which boosts the SOA’s search capability. The new method, called SOAAO, is employed to train and optimize the DNR parameters. We used four wind speed datasets to assess the performance of the presented time-series prediction model, called DNR-SOAAO, using different performance indicators. We also assessed the quality of the SOAAO with extensive comparisons to the original versions of the SOA and AO, as well as several other optimization methods. The developed model achieved excellent results in the evaluation. For example, the SOAAO achieved high R2 results of 0.95, 0.96, 0.95, and 0.91 on the four datasets.

Chaotic Wind Driven Optimization with Fitness Distance Balance Strategy

Wind driven optimization (WDO) is a meta-heuristic algorithm based on swarm intelligence. The original selection method makes it easy to converge prematurely and trap in local optima. Maintaining population diversity can solve this problem well. Therefore, we introduce a new fitness-distance balance-based selection strategy to replace the original selection method, and add chaotic local search with selecting chaotic map based on memory to further improve the search performance of the algorithm. A chaotic wind driven optimization with fitness-distance balance strategy is proposed, called CFDBWDO. In the experimental section, we find the optimal parameter settings for the proposed algorithm. To verify the effect of the algorithm, we conduct comparative experiments on the CEC 2017 benchmark functions. The experimental results denote that the proposed algorithm has superior performance. Compared with WDO, CFDBWDO can gradually converge in function optimization. We further verify the practicality of the proposed algorithm with six real-world optimization problems, and the obtained results are all better than other algorithms.

Evaluating the Applications of Dendritic Neuron Model with Metaheuristic Optimization Algorithms for Crude-Oil-Production Forecasting

The forecasting and prediction of crude oil are necessary in enabling governments to compile their economic plans. Artificial neural networks (ANN) have been widely used in different forecasting and prediction applications, including in the oil industry. The dendritic neural regression (DNR) model is an ANNs that has showed promising performance in time-series prediction. The DNR has the capability to deal with the nonlinear characteristics of historical data for time-series forecasting applications. However, it faces certain limitations in training and configuring its parameters. To this end, we utilized the power of metaheuristic optimization algorithms to boost the training process and optimize its parameters. A comprehensive evaluation is presented in this study with six MH optimization algorithms used for this purpose: whale optimization algorithm (WOA), particle swarm optimization algorithm (PSO), genetic algorithm (GA), sine-cosine algorithm (SCA), differential evolution (DE), and harmony search algorithm (HS). We used oil-production datasets for historical records of crude oil production from seven real-world oilfields (from Tahe oilfields, in China), provided by a local partner. Extensive evaluation experiments were carried out using several performance measures to study the validity of the DNR with MH optimization methods in time-series applications. The findings of this study have confirmed the applicability of MH with DNR. The applications of MH methods improved the performance of the original DNR. We also concluded that the PSO and WOA achieved the best performance compared with other methods.

Decision-Tree-Initialized Dendritic Neuron Model for Fast and Accurate Data Classification

This work proposes a decision tree (DT)-based method for initializing a dendritic neuron model (DNM). Neural networks become larger and larger, thus consuming more and more computing resources. This calls for a strong need to prune neurons that do not contribute much to their network's output. Pruning those with low contribution may lead to a loss of accuracy of DNM. Our proposed method is novel because 1) it can reduce the number of dendrites in DNM while improving training efficiency without affecting accuracy and 2) it can select proper initialization weight and threshold of neurons. The Adam algorithm is used to train DNM after its initialization with our proposed DT-based method. To verify its effectiveness, we apply it to seven benchmark datasets. The results show that decision-tree-initialized DNM is significantly better than the original DNM, k-nearest neighbor, support vector machine, back-propagation neural network, and DT classification methods. It exhibits the lowest model complexity and highest training speed without losing any accuracy. The interactions among attributes can also be observed in its dendritic neurons.

An Algorithm for Precipitation Correction in Flood Season Based on Dendritic Neural Network

In recent years, the National Climate Center has developed a dynamic downscaling prediction technology based on the Climate-Weather Research and Forecasting (CWRF) regional climate model and used it for summer precipitation prediction, but there are certain deviations, and it is difficult to predict more accurately. The CWRF model simulates the summer precipitation forecast data from 1996 to 2019 and uses a combination of dendrite net (DD) and artificial neural networks (ANNs) to conduct a comparative analysis of summer precipitation correction techniques. While summarizing the characteristics and current situation of summer precipitation in the whole country, the meteorological elements related to precipitation are analyzed. CWRF is used to simulate summer precipitation and actual observation precipitation data to establish a model to correct the precipitation. By comparing with the measured data of the ground station after quality control, the relevant evaluation index analysis is used to determine the best revised model. The results show that the correction effect based on the dendritic neural network algorithm is better than the CWRF historical return, in which, the anomaly correlation coefficient (ACC) and the temporal correlation coefficient (TCC) both increased by 0.1, the mean square error (MSE) dropped by about 26%, and the overall trend anomaly (Ps) test score was also improved, showing that the machine learning algorithms can correct the summer precipitation in the CWRF regional climate model to a certain extent and improve the accuracy of weather forecasts.

Are CDS spreads predictable during the Covid-19 pandemic? Forecasting based on SVM, GMDH, LSTM and Markov switching autoregression

This paper investigates the forecasting performance for credit default swap (CDS) spreads by Support Vector Machines (SVM), Group Method of Data Handling (GMDH), Long Short-Term Memory (LSTM) and Markov switching autoregression (MSA) for daily CDS spreads of the 513 leading US companies, in the period 2009-2020. The goal of this study is to test the forecasting performance of these methods before and during the Covid-19 pandemic and to check whether there are changes in the market efficiency. MSA outperforms all other methods most frequently. GMDH breaks the efficient market hypothesis more frequently (75%) than other methods. The change of the relative predictability during Covid-19 is small with some increase of the advantage of the investigated methods over a benchmark. We find that the market has been less efficient during Covid-19, however, there are no huge differences in prediction performances before and during the Covid-19 period.

Artificial Visual System for Orientation Detection

The human visual system is one of the most important components of the nervous system, responsible for visual perception. The research on orientation detection, in which neurons of the visual cortex respond only to a line stimulus in a particular orientation, is an important driving force of computer vision and biological vision. However, the principle underlying orientation detection remains a mystery. In order to solve this mystery, we first propose a completely new mechanism that explains planar orientation detection in a quantitative manner. First, we assume that there are planar orientation-detective neurons which respond only to a particular planar orientation locally and that these neurons detect local planar orientation information based on nonlinear interactions that take place on the dendrites. Then, we propose an implementation of these local planar orientation-detective neurons based on their dendritic computations, use them to extract the local planar orientation information, and infer the global planar orientation information from the local planar orientation information. Furthermore, based on this mechanism, we propose an artificial visual system (AVS) for planar orientation detection and other visual information processing. In order to prove the effectiveness of our mechanism and the AVS, we conducted a series of experiments on rectangular images which included rectangles of various sizes, shapes and positions. Computer simulations show that the mechanism can perfectly perform planar orientation detection regardless of their sizes, shapes and positions in all experiments. Furthermore, we compared the performance of both AVS and a traditional convolution neural network (CNN) on planar orientation detection and found that AVS completely outperformed CNN in planar orientation detection in terms of identification accuracy, noise resistance, computation and learning cost, hardware implementation and reasonability.

Accuracy Versus Simplification in an Approximate Logic Neural Model

An approximate logic neural model (ALNM) is a novel single-neuron model with plastic dendritic morphology. During the training process, the model can eliminate unnecessary synapses and useless branches of dendrites. It will produce a specific dendritic structure for a particular task. The simplified structure of ALNM can be substituted by a logic circuit classifier (LCC) without losing any essential information. The LCC merely consists of the comparator and logic NOT, AND, and OR gates. Thus, it can be easily implemented in hardware. However, the architecture of ALNM affects the learning capacity, generalization capability, computing time and approximation of LCC. Thus, a Pareto-based multiobjective differential evolution (MODE) algorithm is proposed to simultaneously optimize ALNM's topology and weights. MODE can generate a concise and accurate LCC for every specific task from ALNM. To verify the effectiveness of MODE, extensive experiments are performed on eight benchmark classification problems. The statistical results demonstrate that MODE is superior to conventional learning methods, such as the backpropagation algorithm and single-objective evolutionary algorithms. In addition, compared against several commonly used classifiers, both ALNM and LCC are capable of obtaining promising and competitive classification performances on the benchmark problems. Besides, the experimental results also verify that the LCC obtains the faster classification speed than the other classifiers.

Transmission trend of the COVID-19 pandemic predicted by dendritic neural regression

In 2020, a novel coronavirus disease became a global problem. The disease was called COVID-19, as the first patient was diagnosed in December 2019. The disease spread around the world quickly due to its powerful viral ability. To date, the spread of COVID-19 has been relatively mild in China due to timely control measures. However, in other countries, the pandemic remains severe, and COVID-19 protection and control policies are urgently needed, which has motivated this research. Since the outbreak of the pandemic, many researchers have hoped to identify the mechanism of COVID-19 transmission and predict its spread by using machine learning (ML) methods to supply meaningful reference information to decision-makers in various countries. Since the historical data of COVID-19 is time series data, most researchers have adopted recurrent neural networks (RNNs), which can capture time information, for this problem. However, even with a state-of-the-art RNN, it is still difficult to perfectly capture the temporal information and nonlinear characteristics from the historical data of COVID-19. Therefore, in this study, we develop a novel dendritic neural regression (DNR) method to improve prediction performance. In the DNR, the multiplication operator is used to capture the nonlinear relationships between input feature signals in the dendrite layer. Considering the complex and large landscape of DNR's weight space, a new scale-free state-of-matter search (SFSMS) algorithm is proposed to optimize the DNR, which combines the state-of-matter search algorithm with a scale-free local search. The SFSMS achieves a better global search ability and thus can effectively reduce the possibility of falling into local minima. In addition, according to Takens's theorem, phase space reconstruction techniques are used to discover the information hidden in the high-dimensional space of COVID-19 data, which further improves the precision of prediction. The experimental results suggest that the proposed method is more competitive in solving this problem than other prevailing methods.

A Dendritic Neuron Model with Adaptive Synapses Trained by Differential Evolution Algorithm

A dendritic neuron model with adaptive synapses (DMASs) based on differential evolution (DE) algorithm training is proposed. According to the signal transmission order, a DNM can be divided into four parts: the synaptic layer, dendritic layer, membrane layer, and somatic cell layer. It can be converted to a logic circuit that is easily implemented on hardware by removing useless synapses and dendrites after training. This logic circuit can be designed to solve complex nonlinear problems using only four basic logical devices: comparators, AND (conjunction), OR (disjunction), and NOT (negation). To obtain a faster and better solution, we adopt the most popular DE for DMAS training. We have chosen five classification datasets from the UCI Machine Learning Repository for an experiment. We analyze and discuss the experimental results in terms of the correct rate, convergence rate, ROC curve, and the cross-validation and then compare the results with a dendritic neuron model trained by the backpropagation algorithm (BP-DNM) and a neural network trained by the backpropagation algorithm (BPNN). The analysis results show that the DE-DMAS shows better performance in all aspects.

Validation of Large-Scale Classification Problem in Dendritic Neuron Model Using Particle Antagonism Mechanism

With the characteristics of simple structure and low cost, the dendritic neuron model (DNM) is used as a neuron model to solve complex problems such as nonlinear problems for achieving high-precision models. Although the DNM obtains higher accuracy and effectiveness than the middle layer of the multilayer perceptron in small-scale classification problems, there are no examples that apply it to large-scale classification problems. To achieve better performance for solving practical problems, an approximate Newton-type method-neural network with random weights for the comparison; and three learning algorithms including back-propagation (BP), biogeography-based optimization (BBO), and a competitive swarm optimizer (CSO) are used in the DNM in this experiment. Moreover, three classification problems are solved by using the above learning algorithms to verify their precision and effectiveness in large-scale classification problems. As a consequence, in the case of execution time, DNM + BP is the optimum; DNM + CSO is the best in terms of both accuracy stability and execution time; and considering the stability of comprehensive performance and the convergence rate, DNM + BBO is a wise choice.

Reducing Exchange Rate Risks in International Trade: A Hybrid Forecasting Approach of CEEMDAN and Multilayer LSTM

In international trade, it is common practice for multinational companies to use financial market instruments, such as financial derivatives and foreign currency debt, to hedge exchange rate risks. Making accurate predictions and decisions on the direction and magnitude of exchange rate movements is a more direct way to reduce exchange rate risks. However, the traditional time series model has many limitations in forecasting exchange rate, which is nonlinear and nonstationary. In this paper, we propose a new hybrid model of complete ensemble empirical mode decomposition (CEEMDAN) based multilayer long short-term memory (MLSTM) networks. It overcomes the shortcomings of the classic methods. CEEMDAN not only solves the mode mixing problem of empirical mode decomposition (EMD), but also solves the residue noise problem which is included in the reconstructed data of ensemble empirical mode decomposition (EEMD) with less computation cost. MLSTM can learning more complex dependences from exchange rate data than the classic model of time series. A lot of experiments have been conducted to measure the performance of the proposed approach among the exchange rates of British pound, the Australian dollar, and the US dollar. In order to get an objective evaluation, we compared the proposed method with several standard approaches or other hybrid models. The experimental results show that the CEEMDAN-based MLSTM (CEEMDAN–MLSTM) goes on better than some state-of-the-art models in terms of several evaluations.

Mr2DNM: A Novel Mutual Information-Based Dendritic Neuron Model

By employing a neuron plasticity mechanism, the original dendritic neuron model (DNM) has been succeeded in the classification tasks with not only an encouraging accuracy but also a simple learning rule. However, the data collected in real world contain a lot of redundancy, which causes the process of analyzing data by DNM become complicated and time-consuming. This paper proposes a reliable hybrid model which combines a maximum relevance minimum redundancy (Mr²) feature selection technique with DNM (namely, Mr²DNM) for classifying the practical classification problems. The mutual information-based Mr² is applied to evaluate and rank the most informative and discriminative features for the given dataset. The obtained optimal feature subset is used to train and test the DNM for classifying five different problems arisen from medical, physical, and social scenarios. Experimental results suggest that the proposed Mr²DNM outperforms DNM and other six classification algorithms in terms of accuracy and computational efficiency.

Dendritic Neuron Model With Effective Learning Algorithms for Classification, Approximation, and Prediction

An artificial neural network (ANN) that mimics the information processing mechanisms and procedures of neurons in human brains has achieved a great success in many fields, e.g., classification, prediction, and control. However, traditional ANNs suffer from many problems, such as the hard understanding problem, the slow and difficult training problems, and the difficulty to scale them up. These problems motivate us to develop a new dendritic neuron model (DNM) by considering the nonlinearity of synapses, not only for a better understanding of a biological neuronal system, but also for providing a more useful method for solving practical problems. To achieve its better performance for solving problems, six learning algorithms including biogeography-based optimization, particle swarm optimization, genetic algorithm, ant colony optimization, evolutionary strategy, and population-based incremental learning are for the first time used to train it. The best combination of its user-defined parameters has been systemically investigated by using the Taguchi's experimental design method. The experiments on 14 different problems involving classification, approximation, and prediction are conducted by using a multilayer perceptron and the proposed DNM. The results suggest that the proposed learning algorithms are effective and promising for training DNM and thus make DNM more powerful in solving classification, approximation, and prediction problems.

PSO with Dynamic Adaptation of Parameters for Optimization in Neural Networks with Interval Type-2 Fuzzy Numbers Weights

A dynamic adjustment of parameters for the particle swarm optimization (PSO) utilizing an interval type-2 fuzzy inference system is proposed in this work. A fuzzy neural network with interval type-2 fuzzy number weights using S-norm and T-norm is optimized with the proposed method. A dynamic adjustment of the PSO allows the algorithm to behave better in the search for optimal results because the dynamic adjustment provides good synchrony between the exploration and exploitation of the algorithm. Results of experiments and a comparison between traditional neural networks and the fuzzy neural networks with interval type-2 fuzzy numbers weights using T-norms and S-norms are given to prove the performance of the proposed approach. For testing the performance of the proposed approach, some cases of time series prediction are applied, including the stock exchanges of Germany, Mexican, Dow-Jones, London, Nasdaq, Shanghai, and Taiwan.

An Ant-Lion Optimizer-Trained Artificial Neural Network System for Chaotic Electroencephalogram (EEG) Prediction

The prediction of future events based on available time series measurements is a relevant research area specifically for healthcare, such as prognostics and assessments of intervention applications. A measure of brain dynamics, electroencephalogram time series, are routinely analyzed to obtain information about current, as well as future, mental states, and to detect and diagnose diseases or environmental factors. Due to their chaotic nature, electroencephalogram time series require specialized techniques for effective prediction. The objective of this study was to introduce a hybrid system developed by artificial intelligence techniques to deal with electroencephalogram time series. Both artificial neural networks and the ant-lion optimizer, which is a recent intelligent optimization technique, were employed to comprehend the related system and perform some prediction applications over electroencephalogram time series. According to the obtained findings, the system can successfully predict the future states of target time series and it even outperforms some other hybrid artificial neural network-based systems and alternative time series prediction approaches from the literature.