Exploring the Main Effect of e-Banking on the Banking Industry Concentration Degree on Predicting the Future of the Banking Industry: A Case Study

Today, regarding the rapid growth of Information and Communications Technology (ICT), e-commerce, and the subsequent expansion of electronic banking, the banking market structure is also expected to dramatically be changed. This paper aims to explore the main effect of electronic banking on the structure of the Iranian banking industry by investigating the banking market concentration degree. To accomplish this aim, an intelligent hybrid model is developed based on multilayer perceptron neural network and fuzzy regression of the effects of banking on the relative electronic share of banks. In the developed method, the neural network parameters such as weights and errors have been considered as the fuzzy parameters to model it under uncertainty. Ultimately, the descriptive statistics are utilized to evaluate how the difference in relative size of banks concerning e-banking has changed, in addition to exploring the main effect of e-banking on the bank’s contribution described as a neural network-fuzzy regression model. Moreover, it shows how the concentration degree in the Iranian banking sector has been reduced. The implemented analysis of the reasons for this decrease reveals that the share of banks has decreased due to an increase in the share of the small banks. Furthermore, model estimation confirms that there exists a positive relationship between banks’ share and the use of electronic banking. Besides, the small banks have strongly been shown to utilize the e-banking so that it would lead to an increase in their share and a decrease in the concentration degree. As such, it can be concluded that e-banking has reduced the concentration degree in Iran. The descriptive statistics are employed to prove it.

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Optimized recurrent neural network with fuzzy classifier for data prediction using hybrid optimization algorithm: Scope towards diverse applications

International Journal of Wavelets Multiresolution and Information Processing ◽

10.1142/s0219691320500745 ◽

2020 ◽

pp. 2050074

Author(s):

A. S. Prakaash ◽

K. Sivakumar

Keyword(s):

Neural Network ◽

Feature Extraction ◽

Prediction Model ◽

Recurrent Neural Network ◽

Optimization Algorithm ◽

Fuzzy Regression ◽

Hybrid Optimization ◽

Hybrid Optimization Algorithm ◽

Data Prediction ◽

Fuzzy Regression Model

Today, data processing has become a challenging task due to the significant increase in the amount of data collected using various sensors. To put up knowledge and forecast the data, the existing data mining techniques compute all numerical attributes in the memory simultaneously. However, the over-abundance of entire factors in the data makes accurate prediction infeasible. This paper attempts to implement a new data prediction model using an optimized machine learning algorithm. The proposed data prediction model involves four main phases: (a) data acquisition, (b) feature extraction, (c) data normalization, and (d) prediction. Initially, few data from the UCI repository like Bike Sharing Dataset, Carbon Nanotubes, Concrete Compressive Strength, Electrical Grid Stability Simulated Data, and SkillCraft-1 Master Table are collected. Further, the feature extraction process extracts the first-order statistics like mean, median, standard deviation, the maximum value of entire data, and the minimum value of entire data, and the second-order statistics like kurtosis, skewness, energy, and entropy. Next, the data or feature normalization is done to arrange the data within a certain limit. The normalized features are then subjected to a hybrid prediction system by integrating the Recurrent Neural Network (RNN) and Fuzzy Regression model. As a modification, the number of hidden neurons in the RNN and membership limits of the Fuzzy Regression model are optimized by a hybrid optimization algorithm by merging the concepts of Whale Optimization Algorithm (WOA) and Cat Swarm Optimization (CSO), which is called the Whale Updated Seek Mode-based CSO (WS-CSO) algorithm. Then, the efficiency of the optimized hybrid classifier for all-time prediction of data in different applications is confirmed based on its valuable performance and comparative analysis.

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