A New Approach to Improve Accuracy of Grey Model GMC(1,n) in Time Series Prediction

This paper presents a modified grey model GMC(1,n) for use in systems that involve one dependent system behavior and n-1 relative factors. The proposed model was developed from the conventional GMC(1,n) model in order to improve its prediction accuracy by modifying the formula for calculating the ba...

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Bibliographic Details
Main Authors: Sompop Moonchai, Wanwisa Rakpuang
Format: Article
Language:English
Published: Wiley 2015-01-01
Series:Modelling and Simulation in Engineering
Online Access:http://dx.doi.org/10.1155/2015/126738
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