In fuzzy logic toolboxtm software fuzzy logic should be interpreted as fl that is fuzzy logic in its wide sense the basic ideas underlying fl are explained in foundations of fuzzy logic what might be added is that the basic concept underlying fl is that of a linguistic variable that is a variable whose values are words rather than numbers. The number and variety of applications of fuzzy logic and neural networks have been increasing ranging from consumer products 34 and industrial process control 5 to medical instrumentation 67 information systems 8 and decision analysis 9. Fuzzy scoring for mortgage applicants creditworthiness assessment fraud detection other finance applications fuzzy logic in business applications supplier evaluation for sample testing customer targeting sequencing and scheduling optimizing research and development projects knowledge based prognosis fuzzy logic in data analysis . Neuro fuzzy systems have recently become popular and promising choice among researchers in attempt to solve complex problems faced in business the paper presents a brief review of most recent applications in business aimed at knowing future events in advance specifically employing neuro fuzzy approach the neuro fuzzy systems designed and
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