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The second volume contains 162 contributions related to Formal Models and their Applications and deals with new neural network models, supervised learning algorithms, ensemble-based learning, unsupervised learning, recurent neural networks, reinforcement learning, bayesian approaches to learning, learning theory, artificial neural networks for system modeling, decision making, optimalization and control, knowledge extraction from neural networks, temporal data analysis, prediction and forecasting, support vector machines and kernel-based methods, soft computing methods for data representation, analysis and processing, data fusion for industrial, medical and environmental applications, non-linear predictive models for speech processing, intelligent multimedia and semantics, applications to natural language processing, various applications, computational intelligence in games, and issues in hardware implementation.