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Hybrid Grey Forecasting Model for Iran’s Energy Consumption and Supply

Year 2012, Volume: 2 Issue: 3, 97 - 102, 01.09.2012

Hamidreza Mostafaei Shaghayegh Kordnoori

Abstract

Grey theory deals with systems that are characterized by poor information or for which information is lacking. This study presents an improved grey GM (1, 1) model, using a technique that combines residual modification with Markov Chain model. We use energy consumption and supply of Iran to test the accuracy of proposed model. The results show that the Markov Chain residual modification model achieves reliable and precise results

Keywords

Grey Forecasting Model Markov Chain Energy System

Year 2012, Volume: 2 Issue: 3, 97 - 102, 01.09.2012

Hamidreza Mostafaei Shaghayegh Kordnoori

Abstract

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Details

Other ID JA33KG56BN
Journal Section Research Article
Authors

Hamidreza Mostafaei This is me

Shaghayegh Kordnoori This is me

Publication Date September 1, 2012
Published in Issue Year 2012 Volume: 2 Issue: 3

Cite

APA Mostafaei, H., & Kordnoori, S. (2012). Hybrid Grey Forecasting Model for Iran’s Energy Consumption and Supply. International Journal of Energy Economics and Policy, 2(3), 97-102.
AMA Mostafaei H, Kordnoori S. Hybrid Grey Forecasting Model for Iran’s Energy Consumption and Supply. IJEEP. September 2012;2(3):97-102.
Chicago Mostafaei, Hamidreza, and Shaghayegh Kordnoori. “Hybrid Grey Forecasting Model for Iran’s Energy Consumption and Supply”. International Journal of Energy Economics and Policy 2, no. 3 (September 2012): 97-102.
EndNote Mostafaei H, Kordnoori S (September 1, 2012) Hybrid Grey Forecasting Model for Iran’s Energy Consumption and Supply. International Journal of Energy Economics and Policy 2 3 97–102.
IEEE H. Mostafaei and S. Kordnoori, “Hybrid Grey Forecasting Model for Iran’s Energy Consumption and Supply”, IJEEP, vol. 2, no. 3, pp. 97–102, 2012.
ISNAD Mostafaei, Hamidreza - Kordnoori, Shaghayegh. “Hybrid Grey Forecasting Model for Iran’s Energy Consumption and Supply”. International Journal of Energy Economics and Policy 2/3 (September 2012), 97-102.
JAMA Mostafaei H, Kordnoori S. Hybrid Grey Forecasting Model for Iran’s Energy Consumption and Supply. IJEEP. 2012;2:97–102.
MLA Mostafaei, Hamidreza and Shaghayegh Kordnoori. “Hybrid Grey Forecasting Model for Iran’s Energy Consumption and Supply”. International Journal of Energy Economics and Policy, vol. 2, no. 3, 2012, pp. 97-102.
Vancouver Mostafaei H, Kordnoori S. Hybrid Grey Forecasting Model for Iran’s Energy Consumption and Supply. IJEEP. 2012;2(3):97-102.