Application Philosophy of Fuzzy Regression

The uncertainties and its prediction normally tendto be complex phenomena. The randomness and fuzziness are twokinds of uncertainties possible in real time. The randomness dealswith the general uncertainties whereas; the fuzzy logic addressesthe linguistic uncertainties. The fuzzy logic and its allied field dealwith the every part of uncertainties in fuzzy way. For a situationwhere, complex predictions are to tackle then statistical regressionmethodology is used from many years. The next step in thisscenario for dealing with uncertainties is the ‘Fuzzy Regression’.This paper presents the elementary theory of fuzzy regression andthe philosophy behind its potential application.