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How to predict stock price movements based on quantitative market data modeling is an attractive topic. In front of the market news and stock prices that are commonly believed as two important market data sources, how to extract and exploit the hidden information within the raw data and make both accurate and fast predictions simultaneously becomes a challenging problem. In this paper, we present the design and architecture of our trading signal mining platform that employs extreme learning machine (ELM) to make stock price prediction based on those two data sources concurrently. Comprehensive experimental comparisons between ELM and the state-of-the-art learning algorithms, including support vector machine (SVM) and back-propagation neural network (BP-NN), have been undertaken on the intra-day tick-by-tick data of the H-share market and contemporaneous news archives. The results have shown that (1) both RBF ELM and RBF SVM achieve higher prediction accuracy and faster prediction speed than BP-NN; (2) the RBF ELM achieves similar accuracy with the RBF SVM and (3) the RBF ELM has faster prediction speed than the RBF SVM. Simulations of a preliminary trading strategy with the signals are conducted. Results show that strategy with more accurate signals will make more profits with less risk.

In order to overcome the disadvantage of the traditional algorithm for SLFN (single-hidden layer feedforward neural network), an improved algorithm for SLFN, called extreme learning machine (ELM), is proposed by Huang et al. However, ELM is sensitive to the neuron number in hidden layer and its selection is a difficult-to-solve problem. In this paper, a self-adaptive mechanism is introduced into the ELM. Herein, a new variant of ELM, called self-adaptive extreme learning machine (SaELM), is proposed. SaELM is a self-adaptive learning algorithm that can always select the best neuron number in hidden layer to form the neural networks. There is no need to adjust any parameters in the training process. In order to prove the performance of the SaELM, it is used to solve the Italian wine and iris classification problems. Through the comparisons between SaELM and the traditional back propagation, basic ELM and general regression neural network, the results have proven that SaELM has a faster learning speed and better generalization performance when solving the classification problem.

In this paper, a novel algorithm is proposed for facial expression recognition by integrating curvelet transform and online sequential extreme learning machine (OSELM) with radial basis function (RBF) hidden node having optimal network architecture. In the proposed algorithm, the curvelet transform is firstly applied to each region of the face image divided into local regions instead of whole face image to reduce the curvelet coefficients too huge to classify. Feature set is then generated by calculating the entropy, the standard deviation and the mean of curvelet coefficients of each region. Finally, spherical clustering (SC) method is employed to the feature set to automatically determine the optimal hidden node number and RBF hidden node parameters of OSELM by aim of increasing classification accuracy and reducing the required time to select the hidden node number. So, the learning machine is called as OSELM-SC. It is constructed two groups of experiments: The aim of the first one is to evaluate the classification performance of OSELM-SC on the benchmark datasets, i.e., image segment, satellite image and DNA. The second one is to test the performance of the proposed facial expression recognition algorithm on the Japanese Female Facial Expression database and the Cohn-Kanade database. The obtained experimental results are compared against the state-of-the-art methods. The results demonstrate that the proposed algorithm can produce effective facial expression features and exhibit good recognition accuracy and robustness.

Damage location detection has direct relationship with the field of aerospace structure as the detection system can inspect any exterior damage that may affect the operations of the equipment. In the literature, several kinds of learning algorithms have been applied in this field to construct the detection system and some of them gave good results. However, most learning algorithms are time-consuming due to their computational complexity so that the real-time requirement in many practical applications cannot be fulfilled. Kernel extreme learning machine (kernel ELM) is a learning algorithm, which has good prediction performance while maintaining extremely fast learning speed. Kernel ELM is originally applied to this research to predict the location of impact event on a clamped aluminum plate that simulates the shell of aerospace structures. The results were compared with several previous work, including support vector machine (SVM), and conventional back-propagation neural networks (BPNN). The comparison result reveals the effectiveness of kernel ELM for impact detection, showing that kernel ELM has comparable accuracy to SVM but much faster speed on current application than SVM and BPNN.

The extreme learning machine (ELM) is a new method for using single hidden layer feed-forward networks with a much simpler training method. While conventional kernel-based classifiers are based on a single kernel, in reality, it is often desirable to base classifiers on combinations of multiple kernels. In this paper, we propose the issue of multiple-kernel learning (MKL) for ELM by formulating it as a semi-infinite linear programming. We further extend this idea by integrating with techniques of MKL. The kernel function in this ELM formulation no longer needs to be fixed, but can be automatically learned as a combination of multiple kernels. Two formulations of multiple-kernel classifiers are proposed. The first one is based on a convex combination of the given base kernels, while the second one uses a convex combination of the so-called equivalent kernels. Empirically, the second formulation is particularly competitive. Experiments on a large number of both toy and real-world data sets (including high-magnification sampling rate image data set) show that the resultant classifier is fast and accurate and can also be easily trained by simply changing linear program.

High accuracy and low overhead are two key features of a well-designed classifier for different classification scenarios. In this paper, we propose an improved classifier using a single-hidden layer feedforward neural network (SLFN) trained with extreme learning machine. The novel classifier first utilizes principal component analysis to reduce the feature dimension and then selects the optimal architecture of the SLFN based on a new localized generalization error model in the principal component space. Experimental and statistical results on the NSL-KDD data set demonstrate that the proposed classifier can achieve a significant performance improvement compared with previous classifiers.

Wi-Fi-based indoor localization with high capability and feasibility needs to implement lifelong online learning mechanism. However, the characteristic of Wi-Fi is wide variability, which lies in not only the fluctuation of signal strength value, but also the increase or decrease in the number of access points (APs). The traditional algorithms are effective for signal fluctuation, but cannot handle the dimension-changing problem of features caused by increase and decrease in APs’ number. To solve this problem, we propose a Feature Adaptive Online Sequential Extreme Learning Machine (FA-OSELM) algorithm. It can transfer the original model to a new one with a small number of data with new features, so as to make the new model suitable for the new feature dimension. The experiments show that the FA-OSELM can get higher accuracy with a small amount of new data, and it is an effective method to make lifelong indoor localization practical.

A novel multispectral palmprint recognition method is proposed based on multiclass projection extreme learning machine (MPELM) and digital shearlet transform. Extreme learning machine (ELM) is a novel and efficient learning machine based on the generalized single-hidden-layer feedforward networks, which performs well in classification applications. Many researchers’ experimental results have shown the superiority of ELM with classical algorithm: support vector machine (SVM). To further improve the performance of multispectral palmprint recognition method, we propose a novel method based on MPELM in this paper. Firstly, all palmprint images are preprocessed by David Zhang’s method. Then, we use image fusion method based on fast digital shearlet transform to fuse the multispectral palmprint images. At last, we use the proposed MPELM classifier to determine the final multispectral palmprint classification. The experimental results demonstrate the superiority of multispectral fusion to each single spectrum, and the proposed MPELM-based method outperforms the SVM-based and ELM-based methods. The proposed method is also suitable for other biometric applications and gets to be work well.

Interval data offer a valuable way of representing the available information in complex problems where uncertainty, inaccuracy, or variability must be taken into account. Considered in this paper is the learning of interval neural networks, of which the input and output are vectors with interval components, and the weights are real numbers. The back-propagation (BP) learning algorithm is very slow for interval neural networks, just as for usual real-valued neural networks. Extreme learning machine (ELM) has faster learning speed than the BP algorithm. In this paper, ELM is applied for learning of interval neural networks, resulting in an interval extreme learning machine (IELM). There are two steps in the ELM for usual feedforward neural networks. The first step is to randomly generate the weights connecting the input and the hidden layers, and the second step is to use the Moore–Penrose generalized inversely to determine the weights connecting the hidden and output layers. The first step can be directly applied for interval neural networks. But the second step cannot, due to the involvement of nonlinear constraint conditions for IELM. Instead, we use the same idea as that of the BP algorithm to form a nonlinear optimization problem to determine the weights connecting the hidden and output layers of IELM. Numerical experiments show that IELM is much faster than the usual BP algorithm. And the generalization performance of IELM is much better than that of BP, while the training error of IELM is a little bit worse than that of BP, implying that there might be an over-fitting for BP.

Air-ratio is an important engine parameter that relates closely to engine emissions, power, and brake-specific fuel consumption. Model predictive controller (MPC) is a well-known technique for air-ratio control. This paper utilizes an advanced modelling technique, called online sequential extreme learning machine (OSELM), to develop an online sequential extreme learning machine MPC (OEMPC) for air-ratio regulation according to various engine loads. The proposed OEMPC was implemented on a real engine to verify its effectiveness. Its control performance is also compared with the latest MPC for engine air-ratio control, namely diagonal recurrent neural network MPC, and conventional proportional–integral–derivative (PID) controller. Experimental results show the superiority of the proposed OEMPC over the other two controllers, which can more effectively regulate the air-ratio to specific target values under external disturbance. Therefore, the proposed OEMPC is a promising scheme to replace conventional PID controller for engine air-ratio control.