33509544
Multiscale rough set data analysis with application to stock performance modeling
Multiscale Rough Set Data Analysis (MSRSDA) combines the feature selection and feature extraction ability of RSDA with the multiresolution property of the wavelet transform. RSDA removes the irrelevant (having no impact on prediction performance) and dependent (having no discriminatory power) market variables from the multivariate time series data matrix, thereby improving generalization capability of the forecasting engine (neural network, fuzzy inference system). A wavelet transform is used to decompose the time series into varying scales of resolution so that the underlying temporal structures of the original time series become more tractable; the decomposition is additive in details and approximation. Significance of market variables at various wavelet scales representing "detailed" short-term history and "general" long-term history of the time series, is computed using RSDA in wavelet space. Irrelevant and redundant variables at each scale are removed and a forecasting engine is then trained on each of the relevant resolution scales (i.e., those scales where significant events are detected); individual wavelets forecasts are recombined to form the overall forecast. The superior performance of MSRSDA is illustrated through stock performance modeling example. For prediction of S&P500 index, a data matrix of 21 variables has been used. MSRSDA gives 69% accuracy on stock-trend prediction.
10669659
Study of Canada/US Dollar Exchange Rate Movements Using Recurrent Neural Network Model of FX-Market
Understanding exchange rate movements has long been an extremely challenging and important task. Unsatisfactory results produced by time series regression models have led to the claim by several authors that in foreign exchange markets, past movements of the price of a given currency have no predictive power in forecasting future movements of the currency price. In this paper, we build a recurrent neural network model for FX-market to explain exchange rate movements. Asset prices are discovered in the marketplace by the interaction of market design and agents’ behaviour. The interaction is simulated by integrating 1) the FX-market mechanism; 2) an economic framework; and 3) the embedding of both tasks in neural network architectures. The results indicate that both macroeconomic and microeconomic variables are useful to forecast exchange rate changes. Results from regression model based on neural-fuzzy forecasting system are also included for comparison.
31048080
Advertising data analysis using rough sets model
This study explores the use of rough-set methods for marketing decision support systems in the retail business. A tutorial presentation of Rough Set Data Analysis (RSDA) in the context of knowledge discovery from time series databases is given. We show how an RSDA model can be used to develop a marketing decision support system which can capture the complex relationships between marketing factors, such as advertising and promotion, and the total impact on sales levels in order to find influential advertising strategies. This information is used by the business manager to make faster and better strategy decisions for the business to survive in the rapidly changing and competitive environments. The data set used for RSDA application example contains weekly investments in different media categories: TV, radio, cinema, morning press, evening press, popular press, special interest press, and outdoor posters; for seven makes of cars in the Swedish market.
16727710
Semantics based transaction management techniques for replicated data
Data is often replicated in distributed database applications to improve availability and response time. Conventional multi-copy algorithms deliver fast response times and high availability for read-only transactions while sacrificing these goals for updates. In this paper, we propose a multi-copy algorithm that works well in both retrieval and update environments by exploiting special application semantics. By subdividing transactions into various categories, and utilizing a commutativity property, we demonstrate cheaper techniques and show that they guarantee correctness. A performance comparison between our techniques and conventional ones quantifies the extent of the savings.
1890977
W-RBAC - A Workflow Security Model Incorporating Controlled Overriding of Constraints
This paper presents a pair of role-based access control models for workflow systems, collectively known as the W-RBAC models. The first of these models, W0-RBAC is based on a framework that couples a powerful RBAC-based permission service and a workflow component with clear separation of concerns for ease of administration of authorizations. The permission service is the focus of the work, providing an expressive logic-based language for the selection of users authorized to perform workflow tasks, with preference ranking. W1-RBAC extends the basic model by incorporating exception handling capabilities through controlled and systematic overriding of constraints.
16229780
A Multiresolution Model of Auditory Excitation Pattern and Its Application to Objective Evaluation of Perceived Speech Quality
This paper proposes a multiresolution model of auditory excitation pattern and applies it to the problem of objective evaluation of subjective wideband speech quality. The model uses wavelet packet transform for time-frequency decomposition of the input signal. The selection of the wavelet packet tree is based on an optimality criterion formulated to minimize a cost function based on the critical band structure. The models of the different auditory phenomena are reformulated for the multiresolution framework. This includes the proposition of duration dependent outer and middle ear weighting, multiresolution spectral spreading, and multiresolution temporal smearing. As an application, the excitation pattern is used to define an objective measure of auditory distortion of a distorted speech signal compared to the undistorted one. The performance of this objective measure is evaluated with a database of various kinds of NOISEX-92 degraded wideband speech signals in predicting the subjective mean opinion score (MOS) and is compared with the fast Fourier transform (FFT)-based ITU-T PESQ P.862.2 algorithm. The proposed measure is found to achieve comparable correlation between subjective MOS and objective MOS as PESQ P.862.2, with a trend suggesting better correlation for the nonstationary degradations compared to the stationary ones. Further refinement of the measure for distortion types other than additive noise is anticipated
5894333
Organizational modeling in UML and XML in the context of workflow systems
Workflow technology plays a key role as an enabler in E-Commerce applications, such as supply chains. Until recently the major share of the attention of workflow systems researchers has gone to the exchange of information in cross-organizational processes. Increasingly the focus is shifting from the exchange of data to support for interorganizational workflow processes. One of the initiatives in this direction has been XRL (eXchangeable Routing Language), an extendible instance-based language having an XML syntax and Petri-net semantics. In this paper, we move to the next level by extending XRL with organizational entities, structures, and rules. Hence, we describe an organizational model first in UML and then convert it into an XML DTD. Our organizational model allows for the specification of non-human resources, collections of resources (e.g., departments, teams, etc.), availability of resources, delegation, and role inheritance. Additional features of our proposal are the tight integration of organizational concepts and routing concepts. An important goal of this work is to create standard for organizational modeling much like the X. 500 standard for directories.
995281
Deterministic wavelet thresholding for maximum-error metrics
Several studies have demonstrated the effectiveness of the wavelet, decomposition as a tool for reducing large amounts of data down to compact, wavelet synopses that can be used to obtain fast, accurate approximate answers to user queries. While conventional wavelet synopses are based on greedily minimizing the overall root-mean-squared (i.e., L2-norm) error in the data approximation, recent work has demonstrated that such synopses can suffer from important problems, including severe bias and wide variance in the quality of the data reconstruction, and lack of non-trivial guarantees for individual approximate answers. As a result, probabilistic thresholding schemes have been recently proposed as a means of building wavelet synopses that try to probabilistically control other approximation-error metrics, such as the maximum relative error in data-value reconstruction, which is arguably the most important for approximate query answers and meaningful error guarantees.One of the main open problems posed by this earlier work is whether it is possible to design efficient deterministic wavelet-thresholding algorithms for minimizing non-L2 error metrics that are relevant to approximate query processing systems, such as maximum relative or maximum absolute error. Obviously, such algorithms can guarantee better wavelet synopses and avoid the pitfalls of probabilistic techniques (e.g., "bad" coin-flip sequences) leading to poor solutions. In this paper, we address this problem and propose novel, computationally efficient schemes for deterministic wavelet thresholding with the objective of optimizing maximum-error metrics. We introduce an optimal low polynomial-time algorithm for one-dimensional wavelet thresholding--our algorithm is based on a new Dynamic-Programming (DP) formulation, and can be employed to minimize the maximum relative or absolute error in the data reconstruction. Unfortunately, directly extending our one-dimensional DP algorithm to multi-dimensional wavelets results in a super-exponential increase in time complexity with the data dimensionality. Thus, we also introduce novel, polynomial-time approximation schemes (with tunable approximation guarantees for the target maximum-error metric) for deterministic wavelet thresholding in multiple dimensions.