Title :
Study on Theory of the Grey Markov Chain Method and Its Application
Author_Institution :
Zhejiang Bus. Technol. Inst., Ningbo
Abstract :
Against the uncertainty of stock price, this paper carried out the grey Markov forecasting model which build up the adjusting grey model and Markov chain model to forecast the stock price in Shanghai. This forecast bases on the analysis of the data in past days and gives the forecast result of stock price on April 30. The practical application results show the effectiveness of the proposed approach.
Keywords :
Markov processes; economic forecasting; grey systems; pricing; stock markets; Markov chain method; Shanghai; economic forecasting; grey theory; stock price; Data analysis; Data engineering; Differential equations; Electronic mail; Information systems; Predictive models; Random sequences; Systems engineering and theory; Technology forecasting; Uncertainty; Grey model; Markov chain; Prediction; Stock price; Transition probability;
Conference_Titel :
Computational Engineering in Systems Applications, IMACS Multiconference on
Conference_Location :
Beijing
Print_ISBN :
7-302-13922-9
Electronic_ISBN :
7-900718-14-1
DOI :
10.1109/CESA.2006.4281919
