Grey Correlation Analysis Method and its Application in the Field of Engineering

Abstract:

Grey system theory has been applied widely in the fields of industry and engineering such as property industry. In this paper, we study the influence factors on the housing price of property industry, and present an influence factor analysis method based on the grey correlation analysis. Then this method is used to analyze the multiple influence factors on property industry such as GDP, population, the total amount of real estate investment, commercial housing construction area, completed commercial housing area, commercial housing sales area and urban per capita disposable income, then we conclude that the commercial housing sales area and commercial housing construction area are two main influence factors on housing price.

• Periodical: Applied Mechanics and Materials (Volumes 631-632)
• Pages: 250-253
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.631-632.250
• Online since: September 2014
• Authors: Ying Wei*
• Keywords: Grey Correlation Analysis, Housing Price, Influence Factor, Property Industry

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