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It has an important significance for thermal power industry to take analysis and forecasting financial environment risk.
Markets I have been forecasting financial asset prices for 40 years.
One of the areas of finance, in which using ANNs gained attention, is forecasting financial time series.
There are two main approaches of univariate and multivariate analyses in forecasting financial time series where ANNs can be used in both (Cao and Tay 2001).
Therefore, the series combination method can be considered an efficient alternative to construct more accurate hybrid models in both analytical approaches to forecasting financial time series.
The readers can easily extend these concepts to varied disciplines like image or speech processing, pattern recognition, time series forecasting, financial data analysis and modeling, traffic modeling in communication channels, optics, biomedical signal processing, electrochemical applications and many more.
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