Research on China's Energy Demand Forecasting Based on Grey System Theory

Abstract:

This paper is based on the energy consumption annual data of China's 1990-2010 and uses the improved gray system model GM (1,1, α) for analyzing and testing, in order to determine the range of α values of the model. Thus, the range of data can be applied for predicting and analyzing the energy consumption of the next decade. It can be seen from the results that the model has a reasonable and practical significance. Finally, this paper summarizes the application of the model.

• Periodical: Advanced Materials Research (Volumes 524-527)
• Pages: 2958-2961
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.524-527.2958
• Online since: May 2012
• Authors: Li Jie Wang, Jun Wei Xu, Pei Qin
• Keywords: Energy Demand, Forecast, Gray System Model

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