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Journal of Scientific and Industrial Research (JSIR) >
JSIR Vol.68 [2009] >
JSIR Vol.68(05) [May 2009] >
| Title: | Hybrid Grey forecasting model for Taiwan’s Hsinchu Science Industrial Park |
| Authors: | Sun, Chia Chi
Lin, Grace T R |
| Keywords: | Grey forecasting model
Hsinchu Science Industrial Park
Markov chain |
| Issue Date: | May-2009 |
| Publisher: | CSIR |
| Abstract: | Grey theory is an effective method to solve uncertainty problems with discrete data and incomplete information. This paper
proposes an improved grey GM (1, 1) model, using a technique that combines residual modification with Markov chain model.
Proposed Grey-Markov model, applied as a case study to annual output of Taiwan Hsinchu Industries Science Park, could clearly
improve forecast accuracy of original Grey forecast model. |
| Page(s): | 354-360 |
| ISSN: | 0022-4456 |
| Source: | JSIR Vol.68(05) [May 2009]
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