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Abstract

This paper presents a new mathematical method to construct a fuzzy time series model of a system where the fuzzy support and interval values are used. This paper further presents an improved fuzzy time series model with a long-term predictive value interval and shows that the proposed definition can be used for long-term forecasting. The enrollment data of the University of Alabama (adopted by Song and Chissom, 1993) are used to demonstrate the proposed forecast model.

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