Multilayer neural network with multi-valued neurons in time series forecasting of oil production

Igor Aizenberg, Leonid Sheremetov, Luis Villa-Vargas

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

7 Scopus citations

Abstract

In this paper, we discuss the long-term time series forecasting using a Multilayer Neural Network with Multi-Valued Neurons (MLMVN). This is complex-valued neural network with a derivative-free backpropagation learning algorithm. We evaluate the proposed approach using a real-world data set describing the dynamic behavior of an oilfield asset located in the coastal swamps of the Gulf of Mexico. We show that MLMVN can be efficiently applied to univariate and multivariate multi-step ahead prediction of reservoir dynamics. This paper is not only intended for proposing a novel model of forecasting but to study carefully several aspects of the application of ANN models to time series forecasting that could be of the interest for pattern recognition community.

Original languageEnglish
Title of host publicationPattern Recognition - 6th Mexican Conference, MCPR 2014, Proceedings
PublisherSpringer Verlag
Pages61-70
Number of pages10
ISBN (Print)9783319074900
DOIs
StatePublished - 2014
Externally publishedYes
Event6th Mexican Conference on Pattern Recognition, MCPR 2014 - Cancun, Mexico
Duration: 25 Jun 201428 Jun 2014

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume8495 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference6th Mexican Conference on Pattern Recognition, MCPR 2014
Country/TerritoryMexico
CityCancun
Period25/06/1428/06/14

Keywords

  • MLMVN neural networks
  • oil production
  • time series forecasting

Fingerprint

Dive into the research topics of 'Multilayer neural network with multi-valued neurons in time series forecasting of oil production'. Together they form a unique fingerprint.

Cite this