Time series forecasting using fuzzy cognitive maps: a survey - Artificial Intelligence Review

Among various soft computing approaches for time series forecasting, fuzzy cognitive maps (FCMs) have shown remarkable results as a tool to model and analyze the dynamics of complex systems. FCMs have similarities to recurrent neural networks and can be classified as a neuro-fuzzy method. In other words, FCMs are a mixture of fuzzy logic, neural network, and expert system aspects, which act as a powerful tool for simulating and studying the dynamic behavior of complex systems. The most interesting features are knowledge interpretability, dynamic characteristics and learning capability. The goal of this survey paper is mainly to present an overview on the most relevant and recent FCM-based time series forecasting models proposed in the literature.