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Comparison of ANFIS and NFS on inflation rate forecasting

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Inflation is very influential on the national economy. The monetary crisis can occur if inflation is not well controlled. For that, it takes a forecasting. Inflation rate forecasting can predict future country situation based on historical data. This study proposes two hybrid Fuzzy logic-Neural network methods to predict inflation rate in Indonesia. Adaptive Neuro Fuzzy Inference System (ANFIS) and Neural Fuzzy System (NFS) were chosen because both methods are hybrid Fuzzy logic-Neural network with different architecture. This study aims to find the method that has the best performance. Time series data and some external factors (CPI, Money Supply, BI Rate, Exchange Rate) are used as parameters. Proper Neural Network (NN) architecture must be found to produce high accuracy. Therefore, some tests (learning rate, epoch, neuron) are performed. The best method is chosen based on the level of accuracy produced by using Root Mean Square Error analysis technique. The results show that NFS has better performance with accuracy (RMSE=1.213) than ANFIS.

Original languageEnglish
Title of host publicationProceeding - 2017 5th International Conference on Electrical, Electronics and Information Engineering
Subtitle of host publicationSmart Innovations for Bridging Future Technologies, ICEEIE 2017
EditorsA.N. Afandi, Aji Prasetya W., Irham Fadlika, Siti Sendari, Anik Nur Handayani, Triyanna Widiyaningtyas, Dyah Lestari, Andriana Kusuma Dewi, Dila Umnia Soraya, Risky Amalia, Eka Putri D.W., Pamela Paula M, Fauzy Satrio Wibowo, Whyna Agustin, Gradiyanto Radityo Kusumo
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages123-130
Number of pages8
ISBN (Electronic)9781538603550
DOIs
Publication statusPublished - 2 Jul 2017
Event5th International Conference on Electrical, Electronics and Information Engineering, ICEEIE 2017 - Malang, Indonesia
Duration: 6 Oct 20178 Oct 2017

Publication series

NameProceeding - 2017 5th International Conference on Electrical, Electronics and Information Engineering: Smart Innovations for Bridging Future Technologies, ICEEIE 2017
Volume2018-January

Conference

Conference5th International Conference on Electrical, Electronics and Information Engineering, ICEEIE 2017
Country/TerritoryIndonesia
CityMalang
Period6/10/178/10/17

Keywords

  • Adaptive Neuro Fuzzy Inference System (ANFIS)
  • forecasting
  • inflation
  • Neural Fuzzy System (NFS)
  • RMSE

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