Title :
Random simulation on error of grey forecasting model
Author_Institution :
Bus. Sch., HoHai Univ., Nanjing, China
Abstract :
A random simulation method is proposed to improve the grey forecasting model. This method is enlightened by Monte Carlo simulation method. It can compare the model error between different grey forecasting models, even between grey model and other forecasting methods. The experiments are used to demonstrate the proposed method, and the results show that this method is effective.
Keywords :
Monte Carlo methods; forecasting theory; grey systems; Monte Carlo simulation method; grey forecasting model; model error; random simulation method; Data models; Predictive models; Monte carlo; error; grey system; random simulation;
Conference_Titel :
Grey Systems and Intelligent Services (GSIS), 2011 IEEE International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-61284-490-9
DOI :
10.1109/GSIS.2011.6044088