scispace - formally typeset
Journal ArticleDOI

Grey system theory-based models in time series prediction

TLDR
The simulation results show that modified grey models have higher performances not only on model fitting but also on forecasting, and the modified GM(1,1) using Fourier series in time is the best in model fitting and forecasting.
Abstract
Being able to forecast time series accurately has been quite a popular subject for researchers both in the past and at present. However, the lack of ability of conventional analysis methods to forecast time series that are not smooth leads the scientists and researchers to resort to various forecasting models that have different mathematical backgrounds, such as artificial neural networks, fuzzy predictors, evolutionary and genetic algorithms. In this paper, the accuracies of different grey models such as GM(1,1), Grey Verhulst model, modified grey models using Fourier Series is investigated. Highly noisy data, the United States dollar to Euro parity between the dates 01.01.2005 and 30.12.2007, are used to compare the performances of the different models. The simulation results show that modified grey models have higher performances not only on model fitting but also on forecasting. Among these grey models, the modified GM(1,1) using Fourier series in time is the best in model fitting and forecasting.

read more

Citations
More filters
Journal ArticleDOI

Grey system model with the fractional order accumulation

TL;DR: The perturbation theory of least squares method is applied and the new Grey system model with the fractional order accumulation provides very remarkable predication performance compared with the traditional Grey model for small sample.
Journal ArticleDOI

Evaluating green supplier development programs with a grey-analytical network process-based methodology

TL;DR: A grey analytical network process-based (grey ANP-based) model is introduced to identify green supplier development programs that will effectively improve suppliers’ performance and is comprehensively evaluated with explicit consideration of suppliers�’ involvement propensity levels.
Journal ArticleDOI

Time series analysis and long short-term memory neural network to predict landslide displacement

TL;DR: Wang et al. as discussed by the authors proposed a dynamic model to predict landslide displacement, based on time series analysis and long short-term memory (LSTM) neural network, which can be used to effectively predict the displacement of step-wise landslides in the Three Gorges Reservoir Area (TGRA), the Baishuihe landslide and Bazimen landslide.
Journal ArticleDOI

An Online Optimal Dispatch Schedule for CCHP Microgrids Based on Model Predictive Control

TL;DR: An online optimal operation approach for CCHP microgrids based on model predictive control with feedback correction to compensate for prediction error is proposed and demonstrates the effectiveness of the proposed approach with better matching between demand and supply.
Journal ArticleDOI

Models for forecasting growth trends in renewable energy

TL;DR: In this paper, the authors used three grey prediction models, the GM(1,1) model, the NGBM( 1,1), and the grey Verhulst model, for theoretical derivation and scientific verification.
References
More filters
Journal ArticleDOI

A tutorial on hidden Markov models and selected applications in speech recognition

TL;DR: In this paper, the authors provide an overview of the basic theory of hidden Markov models (HMMs) as originated by L.E. Baum and T. Petrie (1966) and give practical details on methods of implementation of the theory along with a description of selected applications of HMMs to distinct problems in speech recognition.
Journal ArticleDOI

Time series analysis, forecasting and control

TL;DR: Time series analysis san francisco state university, 6 4 introduction to time series analysis, box and jenkins time seriesAnalysis forecasting and, th15 weeks citation classic eugene garfield, proc arima references 9 3 sas support, time series Analysis forecasting and control pambudi, timeseries analysis forecasting and Control george e.
Journal ArticleDOI

Time Series Analysis: Forecasting and Control

TL;DR: Time Series Analysis and Forecasting: principles and practice as mentioned in this paper The Oxford Handbook of Quantitative Methods, Vol. 3, No. 2: Statistical AnalysisTime-Series ForecastingPractical Time-Series AnalysisApplied Bayesian Forecasting and Time Series AnalysisSAS for Forecasting Time SeriesApplied Time Series analysisTime Series analysisElements of Nonlinear Time Series analyses and forecastingTime series analysis and forecasting by Example.
Journal ArticleDOI

Introduction to Grey system theory

J. L. Deng
TL;DR: The Grey Systeni and its applications are interdisciplinary, cutting across a variety of specialized fields, and it is evident that Grey System theory stands the test of time since 1982 as mentioned in this paper.
Journal ArticleDOI

Control problems of grey systems

TL;DR: In this paper, the stability and stabilization of a grey system whose state matrix is triangular is studied and the displacement operator and established transfer developed by the author are the indispensable tool for the grey system.