Application of Projection Pursuit Regression in Equipment Indemnificatory Valuation and Forecast

Abstract:

The Theory of Projection Pursuit Regression is applied in the equipment indemnificatory valuation and forecast to establish the projection pursuit regression model. After fitting the training samples, this model strikes a good balance between the valuation value and its relevant influential factors, demonstrating a good fitting effect with the average relative error of only 2.1522% . After predicting the test samples, it shows a good forecast effect with the relative error of only-0.4069%, thus providing basis for equipment indemnificatory valuation and forecast.

• Periodical: Applied Mechanics and Materials (Volumes 411-414)
• Pages: 2111-2114
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.411-414.2111
• Online since: September 2013
• Authors: Lian Jun Zhu, Hong Yan Li, Yu Cai Dong, Tian Yuan Jiang, Ge Hua Fan
• Keywords: Equipment Indemnification, Forecast, Projection Pursuit Regression, Valuation

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