A new grey relational model based on discrete Fourier transform and its application on Chinese marine economic

Xuemei Li, Ya Zhang and Kedong Yin

Marine Economics and Management, 2018, vol. 1, issue 1, 79-100

Abstract: Purpose - The traditional grey relational models directly describe the behavioural characteristics of the systems based on the sample point connections. Few grey relational models can measure the dynamic periodic fluctuation rules of the objects, and most of these models do not have affinities, which results in instabilities of the relational results because of sequence translation. The paper aims to discuss these issues. Design/methodology/approach - Fourier transform functions are used to fit the system behaviour curves, redefine the area difference between the curves and construct a grey relational model based on discrete Fourier transform (DFTGRA). Findings - To verify its validity, feasibility and superiority, DFTGRA is applied to research on the correlation between macroeconomic growth and marine economic growth in China coastal areas. It is proved that DFTGRA has the superior properties of affinity, symmetry, uniqueness, etc., and wide applicability. Originality/value - DFTGRA can not only be applied to equidistant and equal time sequences but also be adopted for non-equidistant and unequal time sequences. DFTGRA can measure both the global relational degree and the dynamic correlation of the variable cyclical fluctuation between sequences.

Keywords: Grey relational analysis; Marine economic; Discrete Fourier transform (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:maempp:maem-07-2018-004

DOI: 10.1108/MAEM-07-2018-004

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