Forecast of Railway Freight Ton-Kilometers Based on the UBGPM-Markov Model

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Abstract:

To raise the forecast precision of railway freight ton-kilometers, the unbiased GM (1, 1) power model was applied to predict the development trend. The Markov chain method was used to process the random fluctuations and correct the forecast values. Thus the optimized UBGPM-Markov model was established. The example analysis shows that the unbiased GM (1, 1) power model is superior to the GM (1, 1) model in both scope of application and prediction accuracy. Furthermore, the UBGPM-Markov model has reduced the mean absolute prediction error (MAPE) from 1.72% to 0.70%.

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Advanced Materials Research (Volumes 1030-1032)

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2199-2202

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September 2014

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© 2014 Trans Tech Publications Ltd. All Rights Reserved

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