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This study constructs time series model, artificial neural networks (ANNs) and statistical topologies to examine the volatility and forecast foreign exchange rates. The Mauritian forex market has been utilized as a case study, and daily data for nominal spot rate (during a time period of five years spanning from 2014 to 2018) for EUR/MUR, GBP/MUR, CAD/MUR and AUD/MUR have been applied for the predictions.

Autoregressive integrated moving average (ARIMA) and generalized autoregressive conditional heteroskedasticity (GARCH) models are used as a basis for time series modelling for the analysis, along with the non-linear autoregressive network with exogenous inputs (NARX) neural network backpropagation algorithm utilizing different training functions, namely, Levenberg–Marquardt (LM), Bayesian regularization and scaled conjugate gradient (SCG) algorithms. The study also features a hybrid kernel principal component analysis (KPCA) using the support vector regression (SVR) algorithm as an additional statistical tool to conduct financial market forecasting modelling. Mean squared error (MSE) and root mean square error (RMSE) are employed as indicators for the performance of the models.

The results demonstrated that the GARCH model performed better in terms of volatility clustering and prediction compared to the ARIMA model. On the other hand, the NARX model indicated that LM and Bayesian regularization training algorithms are the most appropriate method of forecasting the different currency exchange rates as the MSE and RMSE seemed to be the lowest error compared to the other training functions. Meanwhile, the results reported that NARX and KPCA–SVR topologies outperformed the linear time series models due to the theory based on the structural risk minimization principle. Finally, the comparison between the NARX model and KPCA–SVR illustrated that the NARX model outperformed the statistical prediction model. Overall, the study deduced that the NARX topology achieves better prediction performance results compared to time series and statistical parameters.

The foreign exchange market is considered to be instable owing to uncertainties in the economic environment of any country and thus, accurate forecasting of foreign exchange rates is crucial for any foreign exchange activity. The study has an important economic implication as it will help researchers, investors, traders, speculators and financial analysts, users of financial news in banking and financial institutions, money changers, non-banking financial companies and stock exchange institutions in Mauritius to take investment decisions in terms of international portfolios. Moreover, currency rates instability might raise transaction costs and diminish the returns in terms of international trade. Exchange rate volatility raises the need to implement a highly organized risk management measures so as to disclose future trend and movement of the foreign currencies which could act as an essential guidance for foreign exchange participants. By this way, they will be more alert before conducting any forex transactions including hedging, asset pricing or any speculation activity, take corrective actions, thus preventing them from making any potential losses in the future and gain more profit.

This is one of the first studies applying artificial intelligence (AI) while making use of time series modelling, the NARX neural network backpropagation algorithm and hybrid KPCA–SVR to predict forex using multiple currencies in the foreign exchange market in Mauritius.

This paper aims to evaluate innovation capability of companies based on comprehensive methods.

This paper used principal component analysis (PCA), kernel principal component analysis (KPCA) and principal component cluster (PCC) analysis to analyze the listed companies’ innovation capability. On these bases, mean method, Borda method, Copeland method, alienation coefficient method and fuzzy Borda method were used separately for the comprehensive evaluation.

The results show that the comprehensive evaluation can overcome the shortage of the single method and improve the reliability of the innovation ability evaluation. In addition, the method also reveals that the innovation ability of the listed companies is closely related to the innovation investment and their industry and further regional economic development level of each province (city and area).

This paper uses PCA, KPCA and PCC to evaluate and study their innovation ability. On the basis of these, five methods (mean method, Copeland method, Borda method, divorced coefficient method and fuzzy Borda method) are applied respectively to combine the sort results of PCA, KPCA and PCC. The results show that combination methods have better theoretical and practical significance for innovation ability.

This paper aims to enhance the reliability of self-validating multifunctional sensors.

An effective fault detection, isolation and data recovery (FDIR) strategy by using kernel principal component analysis (KPCA) coupled with gray bootstrap and fault reconstruction methods.

The proposed FDIR strategy is able to the address fault detection, isolation and data recovery problem of self-validating multifunctional sensors efficiently.

A KPCA-based model which can overcome the limitation of existing linear-based models is used to achieve the fault detection task. By using gray bootstrap method, the position of all faulty sensitive units can be calculated even under the multiple faults situation. A reconstruction-based contribution method is adopted to evaluate the amplitudes of the fault signals, and the fault-free output of the faulty sensitive units can be used to replace the fault output.

Many applications in intelligent transportation demand accurate categorization of vehicles. The purpose of this paper is to propose a working image-based vehicle classification system. The first component vehicle detection is implemented by applying Dalal and Triggs's histograms of oriented gradients features and linear support vector machine (SVM) classifier. The second component vehicle classification, which is the emphasis of this paper, is accomplished by an improved stacked generalization. As an effective ensemble learning strategy, stacked generalization has been proposed to combine multiple models using the concept of a meta-learner. However, it was found that the well-known meta-learning scheme multi-response linear regression (MLR) for stacked generalization performs poorly on the vehicle classification.

A new meta-learner is then proposed based on kernel principal component regression (KPCR). The stacked generalization scheme consists of a heterogeneous classifier ensemble with seven base classifiers, i.e. linear discriminant classifier, fuzzy k-nearest neighbor, logistic regression, Parzen classifier, Gaussian mixture model, multiple layer perceptron and SVM.

Experimental results using more than 2,500 images from four types of vehicles (bus, light truck, car and van) demonstrated the effectiveness of the proposed approach. The improved stacked generalization produced consistently better results when compared to any of the single base classifier used and four other beta learning algorithms, including MLR, majority voting, logistic regression and decision template.

With the seven base classifiers, the KPCR-based stacking offers a performance of 96 percent accuracy and 95 percent κ coefficient, thus exhibiting promising potentials for real-world applications.

The purpose of this paper is to detect the occurrence of anomaly and fault in a spacecraft, investigate various tendencies of telemetry parameters and evaluate the operation state of the spacecraft to monitor the health of the spacecraft.

This paper proposes a data-driven method (empirical mode decomposition-sample entropy-principal component analysis [EMD-SE-PCA]) for monitoring the health of the spacecraft, where EMD is used to decompose telemetry data and obtain the trend items, SE is utilised to calculate the sample entropies of trend items and extract the characteristic data and squared prediction error and statistic contribution rate are analysed using PCA to monitor the health of the spacecraft.

Experimental results indicate that the EMD-SE-PCA method could detect characteristic parameters that appear abnormally before the anomaly or fault occurring, could provide an abnormal early warning time before anomaly or fault appearing and summarise the contribution of each parameter more accurately than other fault detection methods.

The proposed EMD-SE-PCA method has high level of accuracy and efficiency. It can be used in monitoring the health of a spacecraft, detecting the anomaly and fault, avoiding them timely and efficiently. Also, the EMD-SE-PCA method could be further applied for monitoring the health of other equipment (e.g. attitude control and orbit control system) in spacecraft and satellites.

The paper provides a data-driven method EMD-SE-PCA to be applied in the field of practical health monitoring, which could discover the occurrence of anomaly or fault timely and efficiently and is very useful for spacecraft health diagnosis.

The purpose of this paper is to propose a fault diagnosis method for rolling bearings, in which the fault feature extraction is realized in a two-dimensional domain using scale invariant feature transform (SIFT) algorithm. This method is different from those methods extracting fault feature directly from the traditional one-dimensional domain.

The vibration signal of rolling bearings is first transformed into a two-dimensional image. Then, the SIFT algorithm is applied to the image to extract the scale invariant feature vector which is highly distinctive and insensitive to noises and working condition variation. As the extracted feature vector is high-dimensional, kernel principal component analysis (KPCA) algorithm is utilized to reduce the dimension of the feature vector, and singular value decomposition technique is used to extract the singular values of the reduced feature vector. Finally, these singular values are introduced into a support vector machine (SVM) classifier to realize fault classification.

The experiment results show a high fault classification accuracy based on the proposed method.

The proposed approach for rolling bearing fault diagnosis based on SIFT-KPCA and SVM is highly effective in the experiment. The practical value in engineering application of this method can be researched in the future.

This paper aims to demonstrate the principle and practical applications of hyperspectral object detection, carry out the problem we now face and the possible solution. Also some challenges in this field are discussed.

First, the paper summarized the current research status of the hyperspectral techniques. Then, the paper demonstrated the development of underwater hyperspectral techniques from three major aspects, which are UHI preprocess, unmixing and applications. Finally, the paper presents a conclusion of applications of hyperspectral imaging and future research directions.

Various methods and scenarios for underwater object detection with hyperspectral imaging are compared, which include preprocessing, unmixing and classification. A summary is made to demonstrate the application scope and results of different methods, which may play an important role in the application of underwater hyperspectral object detection in the future.

This paper introduced several methods of hyperspectral image process, give out the conclusion of the advantages and disadvantages of each method, then demonstrated the challenges we face and the possible way to deal with them.

In time and accurate detection of cancer can save the life of the person affected. According to the World Health Organization (WHO), breast cancer occupies the most frequent incidence among all the cancers whereas breast cancer takes fifth place in the case of mortality numbers. Out of many image processing techniques, certain works have focused on convolutional neural networks (CNNs) for processing these images. However, deep learning models are to be explored well.

In this work, multivariate statistics-based kernel principal component analysis (KPCA) is used for essential features. KPCA is simultaneously helpful for denoising the data. These features are processed through a heterogeneous ensemble model that consists of three base models. The base models comprise recurrent neural network (RNN), long short-term memory (LSTM) and gated recurrent unit (GRU). The outcomes of these base learners are fed to fuzzy adaptive resonance theory mapping (ARTMAP) model for decision making as the nodes are added to the F_2ˆa layer if the winning criteria are fulfilled that makes the ARTMAP model more robust.

The proposed model is verified using breast histopathology image dataset publicly available at Kaggle. The model provides 99.36% training accuracy and 98.72% validation accuracy. The proposed model utilizes data processing in all aspects, i.e. image denoising to reduce the data redundancy, training by ensemble learning to provide higher results than that of single models. The final classification by a fuzzy ARTMAP model that controls the number of nodes depending upon the performance makes robust accurate classification.

Research in the field of medical applications is an ongoing method. More advanced algorithms are being developed for better classification. Still, the scope is there to design the models in terms of better performance, practicability and cost efficiency in the future. Also, the ensemble models may be chosen with different combinations and characteristics. Only signal instead of images may be verified for this proposed model. Experimental analysis shows the improved performance of the proposed model. This method needs to be verified using practical models. Also, the practical implementation will be carried out for its real-time performance and cost efficiency.

The proposed model is utilized for denoising and to reduce the data redundancy so that the feature selection is done using KPCA. Training and classification are performed using heterogeneous ensemble model designed using RNN, LSTM and GRU as base classifiers to provide higher results than that of single models. Use of adaptive fuzzy mapping model makes the final classification accurate. The effectiveness of combining these methods to a single model is analyzed in this work.

Monitoring of a process leading to the detection of faults and determination of the root causes are essential for the production of consistent good quality end products with improved yield. The history of process monitoring fault detection (PMFD) strategies can be traced back to 1930s. Thereafter various tools, techniques and approaches were developed along with their application in diversified fields. The purpose of this paper is to make a review to categorize, describe and compare the various PMFD strategies.

Taxonomy was developed to categorize PMFD strategies. The basis for the categorization was the type of techniques being employed for devising the PMFD strategies. Further, PMFD strategies were discussed in detail along with emphasis on the areas of applications. Comparative evaluations of the PMFD strategies based on some commonly identified issues were also carried out. A general framework common to all the PMFD has been presented. And lastly a discussion into future scope of research was carried out.

The techniques employed for PMFD are primarily of three types, namely data driven techniques such as statistical model based and artificial intelligent based techniques, priori knowledge based techniques, and hybrid models, with a huge dominance of the first type. The factors that should be considered in developing a PMFD strategy are ease in development, diagnostic ability, fault detection speed, robustness to noise, generalization capability, and handling of nonlinearity. The review reveals that there is no single strategy that can address all aspects related to process monitoring and fault detection efficiently and there is a need to mesh the different techniques from various PMFD strategies to devise a more efficient PMFD strategy.

The review documents the existing strategies for PMFD with an emphasis on finding out the nature of the strategies, data requirements, model building steps, applicability and scope for amalgamation. The review helps future researchers and practitioners to choose appropriate techniques for PMFD studies for a given situation. Further, future researchers will get a comprehensive but precise report on PMFD strategies available in the literature to date.

The review starts with identifying key indicators of PMFD for review and taxonomy was proposed. An analysis was conducted to identify the pattern of published articles on PMFD followed by evolution of PMFD strategies. Finally, a general framework is given for PMFD strategies for future researchers and practitioners.

The developments of complex systems have increased the demand for condition monitoring techniques so as to maximize operational availability and safety while decreasing the costs. Signal analysis is one of the methods used to develop condition monitoring in order to extract important information contained in the sensory signals, which can be used for health assessment. However, extraction of such information from collected data in a practical working environment is always a great challenge as sensory signals are usually multi-dimensional and obscured by noise. The paper aims to discuss this issue.

This paper presents a method for trends extraction from multi-dimensional sensory data, which are then used for machinery health monitoring and maintenance needs. The proposed method is based on extracting successive features from machinery sensory signals. Then, unsupervised feature selection on the features domain is applied without making any assumptions concerning the source of the signals and the number of the extracted features. Finally, empirical mode decomposition (EMD) algorithm is applied on the projected features with the purpose of following the evolution of data in a compact representation over time.

The method is demonstrated on accelerated degradation data set of bearings acquired from PRONOSTIA experimental platform and a second data set acquired form NASA repository.

The method showed that it is able to extract interesting signal trends which can be used for health monitoring and remaining useful life prediction.