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|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|
|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.|
|Appears in Collections:||JSIR Vol.68(05) [May 2009]|
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