Prediction on New Ship Orders on the Basis of Combination Model

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Abstract:

When the new ship orders decline deeply and the shipbuilding capability is releasing quickly, how to guarantee the accuracy of prediction of new ship orders becomes the main target for shipbuilding corporate. This paper aims to predict the future demand of new ship with the help of combination forecast model that consist of grey system, support vector machine and artificial neural network. The result showed that combination forecast method is better than single usage of other three methods. The prediction result of new ship orders could provide some useful reference for the development of the shipbuilding industry.

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