Application Optimization of Grey Model in Power Load Forecasting
Article introduces the gray prediction GM (1,1) and the modeling process that first proposed by Professor Deng Julong. The system analyzes its advantages and disadvantages. With the development of electricity market, the importance of load forecasting is becoming increasingly obvious. An increasing demand for the accuracy of load forecasting is significant. The result traditional forecasting predicts has reference value and the method is mature. But some improvement is needed to improve prediction accuracy.
Weiguo Pan, Jianxing Ren and Yongguang Li
L. X. Dai and F. F. Hu, "Application Optimization of Grey Model in Power Load Forecasting", Advanced Materials Research, Vols. 347-353, pp. 301-305, 2012