Application of GM (1, 1) Prediction Model in Coal Consumption Market

Abstract:

With the constant development of economy in China, the total coal consumption is gradually increasing. It is a vital task for government department to rationally and scientifically develop coal mining plans. A forecasting model GM (1, 1) is used in prediction of coal consumption-market. The design of this model is analyzed in detail. The performance of this method is evaluated and the result indicates that the model has excellent performance. This method has obtained favorable effects in practical applications.

• Periodical: Advanced Materials Research (Volumes 869-870)
• Pages: 554-558
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.869-870.554
• Online since: December 2013
• Authors: Hong Ying Lu
• Keywords: Coal Consumption Market, GM(1,1), Grey Prediction, Grey System Theory

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