An Improved Metabolism Grey Model for Predicting Small Samples with a Singular Datum and Its Application to Sulfur Dioxide Emissions in China

Wei Zhou and Demei Zhang

Discrete Dynamics in Nature and Society, 2016, vol. 2016, 1-11

Abstract:

This study proposes an improved metabolism grey model [IMGM ] to predict small samples with a singular datum, which is a common phenomenon in daily economic data. This new model combines the fitting advantage of the conventional GM in small samples and the additional advantages of the MGM in new real-time data, while overcoming the limitations of both the conventional GM and MGM when the predicted results are vulnerable at any singular datum. Thus, this model can be classified as an improved grey prediction model. Its improvements are illustrated through a case study of sulfur dioxide emissions in China from 2007 to 2013 with a singular datum in 2011. Some features of this model are presented based on the error analysis in the case study. Results suggest that if action is not taken immediately, sulfur dioxide emissions in 2016 will surpass the standard level required by the Twelfth Five-Year Plan proposed by the China State Council.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnddns:1045057

DOI: 10.1155/2016/1045057

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