A Review Of Metaheuristics in Fuzzy Time Series Applied To Zero Inflated Datasets

The manufacturing efficiency reflects directly on the use of natural resources and leads to a higher environmental impact than needed. Efficiency of an industry can be achieved in many ways, but it always starts with demand management. However some products have erratic and irregular demand patterns as the nature of the usage varies, and this often leads to zero inflated demand datasets, said datasets are difficult to forecast due to the nature of traditional models which usually use moving averages, state of the art machine learning models can achieve good results but use too much data for training. Under this background, this paper investigates the Fuzzy Time Series models and how it evolved from its inception to present time and how the usage of metaheuristics can help with forecasting demand on a small dataset with a high count of zeros, then applies the techniques to other zero inflated dataset to verify its generalization capabilities. Finally another model is applied as comparison.