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Real Time Model of Fuzzy Random Regression Based on a Convex Hull Approach

In this study, we present a new idea dealing with the analysis of fuzzy random variables (FRVs) being treated as samples of data. The proposed concept can be used to model various real-life situations where uncertainty is not only present in the form of randomness but also comes in the form of imprecision described in terms of fuzzy sets. We propose a hybrid approach, which combines a convex hull approach (called Beneath-Beyond algorithm) with a fuzzy random regression analysis. Falling under the umbrella of intelligent data analysis (IDA) tool, this approach is suitable for real-time implementation of data analysis. For a fuzzy random data set, we include simulation results and highlight two main advantages, namely a decrease of required analysis time and a reduction of computational complexity. This emphasizes that the proposed IDA approach becomes an efficient way for real-time data analysis.