Table of Contents Author Guidelines Submit a Manuscript
Advances in Operations Research
Volume 2014, Article ID 568478, 20 pages
http://dx.doi.org/10.1155/2014/568478
Research Article

Combining Diffusion Models and Macroeconomic Indicators with a Modified Genetic Programming Method: Implementation in Forecasting the Number of Mobile Telecommunications Subscribers in OECD Countries

Department of Electrical and Computer Engineering, Polytechnic Faculty, University of Patras, Rio Campus, 26504 Patras, Greece

Received 21 September 2013; Revised 20 February 2014; Accepted 28 April 2014; Published 16 June 2014

Academic Editor: Imed Kacem

Copyright © 2014 Konstantinos Salpasaranis et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

This paper proposes a modified Genetic Programming method for forecasting the mobile telecommunications subscribers’ population. The method constitutes an expansion of the hybrid Genetic Programming (hGP) method improved by the introduction of diffusion models for technological forecasting purposes in the initial population, such as the Logistic, Gompertz, and Bass, as well as the Bi-Logistic and LogInLog. In addition, the aforementioned functions and models expand the function set of hGP. The application of the method in combination with macroeconomic indicators such as Gross Domestic Product per Capita (GDPpC) and Consumer Prices Index (CPI) leads to the creation of forecasting models and scenarios for medium- and long-term level of predictability. The forecasting module of the program has also been improved with the multi-levelled use of the statistical indices as fitness functions and model selection indices. The implementation of the modified-hGP in the datasets of mobile subscribers in the Organisation for Economic Cooperation and Development (OECD) countries shows very satisfactory forecasting performance.