• DocumentCode
    1832551
  • Title

    Synthesizing judgment matrix and risk-odds matrix for small-sample combined forecasting

  • Author

    Li Xie ; Ru-xiang Wei ; Da-Wei Zhang

  • Author_Institution
    Dept. of Equip. Econ. & Manage., Naval Univ. of Eng., Wuhan, China
  • fYear
    2010
  • fDate
    7-10 Dec. 2010
  • Firstpage
    1972
  • Lastpage
    1976
  • Abstract
    There are some small-sample cases in economic forecast, for lacking of quantitative information, in which it happens that some given forecasting method fits well while behaves badly in forecasting, while to the contrary, the situation behaves well when we make the combination of both qualitative and quantitative methods in forecasting. The concept of risk of forecasting is defined, as well as the concept and estimating method of risk-adds matrix. Then, taking the judgment matrix as the basic matrix and the risk-odds matrix as the adjustment one, the modeling strategy of forecasts combination which is obtained by dynamic synthesizing judgment matrix and risk-odds matrix is presented. In this strategy, as the mumble of samples changing, the advantages of both AHP and odds-matrix method can compensate each other, and the performance of small-sample combined forecasting can be improved.
  • Keywords
    decision making; economic forecasting; matrix algebra; risk analysis; AHP; economic forecast; judgment matrix synthesis; risk-odds matrix; Biological system modeling; Economics; Forecasting; Load modeling; Predictive models; Presses; Smoothing methods; combined forecasting; judgment matrix; odds matrix; risk; small-sample;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Industrial Engineering and Engineering Management (IEEM), 2010 IEEE International Conference on
  • Conference_Location
    Macao
  • ISSN
    2157-3611
  • Print_ISBN
    978-1-4244-8501-7
  • Electronic_ISBN
    2157-3611
  • Type

    conf

  • DOI
    10.1109/IEEM.2010.5674641
  • Filename
    5674641