Optimization Models of Predicting the Per Capita Income of Urban Residents

Abstract:

The per capita income of urban residents reflects the improvement of actual urban residents living standards and social stability, which is important measurement degree of a countrys economic development. Aiming at the problem of predicting the per capita income of urban residents, this paper presents a grey GM(1,1) prediction model and a grey Markov prediction model, and gives a prediction application together with the specific data of Chinese per capita income of urban residents from the year of 1991 to 2010, and it obtains satisfactory prediction results.

• Periodical: Applied Mechanics and Materials (Volumes 411-414)
• Pages: 2589-2592
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.411-414.2589
• Online since: September 2013
• Authors: Cong Jun Rao
• Keywords: Grey GM(1,1) Model, Markov Chain, Per Capita Income of Urban Residents

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