Integrating Fractal Dynamics into Grey System Forecasting for Economic and Industrial CO₂ Emissions
Abstract
The grey system analysis of the three indicators of carbon dioxide emission in Türkiye during 2010-2022 in this paper includes: value added per unit CO₂ emission, combustion-related CO₂ emissions, and manufacturing value added per manufacturing CO₂ emission. The traditional grey and discrete grey models, and a fractal grey model, which aims at implementing nonlinear dynamics, are used to conduct forecasting. These models have been assessed based on the mean absolute error, root mean square error and mean absolute percentage error at the training and testing stages. Findings indicate that, the fractal model is less prone to error measures compared to the traditional models thus signifying an improved ability of the model to capture the emission complexities, and fractal dynamics can be effective in short-term predictions of carbon intensity. This method can be an effective instrument in the environmental policy and industrial planning to assist in tracking the correlation between economic growth and the impact on the environment.
Keywords
Grey systems, Fractal model, CO₂ emission forecasting, Error reduction, Sustainable development goals
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