arXiv · 1908.03493
Improved GM(1,1) model based on Simpson formula and its applications
Abstract
The classical GM(1,1) model is an efficient tool to {make accurate forecasts} with limited samples. But the accuracy of the GM(1,1) model still needs to be improved. This paper proposes a novel discrete GM(1,1) model, named ${\rm GM_{SD}}$(1,1) model, of which the background value is reconstructed using Simpson formula. The expression of the specific time response function is deduced, and the relationship between our model} and the continuous GM(1,1) model with Simpson formula called ${\rm GM_{SC} }$(1,1) model is systematically discussed. The proposed model is proved to be unbiased to simulate the homogeneous exponent sequence. Further, some numerical examples are given to validate the accuracy of the new ${\rm GM_{SD}}$(1,1) model. Finally, this model is used to predict the Gross Domestic Product and the freightage of Lanzhou, and the results illustrate the ${\rm GM_{SD}}$(1,1) model provides accurate prediction.
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Xin Ma, Wenqing Wu, Yuanyuan Zhang. 2019-08-04. Improved GM(1,1) model based on Simpson formula and its applications. https://arxiv.org/abs/1908.03493
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