TITLE

Hybrid Grey Forecasting Model for Iran's Energy Consumption and Supply

AUTHOR(S)
Mostafaei, Hamidreza; Kordnoori, Shaghayegh
PUB. DATE
August 2012
SOURCE
International Journal of Energy Economics & Policy (IJEEP);Aug2012, Vol. 2 Issue 3, p97
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Grey theory deals with systems that are characterized by poor information or for which information is lacking. This study presents an improved grey GM (1, 1) model, using a technique that combines residual modification with Markov Chain model. We use energy consumption and supply of Iran to test the accuracy of proposed model. The results show that the Markov Chain residual modification model achieves reliable and precise results.
ACCESSION #
78366498

 

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