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Chinese Journal of Management Science ›› 2016, Vol. 24 ›› Issue (2): 162-168.doi: 10.16381/j.cnki.issn1003-207x.2016.02.020

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Optimized Discrete Grey Power Model and Its Application

YANG Bao-hua1, ZHAO Jin-shuai2   

  1. 1. Business school, Jiangsu Normal University, Xuzhou 221116, China;
    2. Computer college, Jiangsu Normal University, Xuzhou 221116, China
  • Received:2014-03-11 Revised:2015-05-20 Online:2016-02-20 Published:2016-02-25

Abstract: A large number of practical systems have the characteristics of incomplete information, it is prevalent in the real world of the small sample, and the uncertainty of poor information system provides a very rich resource for the study of gray system theory. Grey prediction model has provided a useful tool for the small sample data predict. But, the existing research suggests that grey forecasting model can better simulate exponential function changes system and power function system, but the existing prediction model cannot better reflecting the exponential and power function combined effects to the system, so it is difficult to apply these model to predict the small sample data which effect by complex multifactorial impact. Based on this consideration, a new grey forecasting model-discrete grey power model is proposed.The new model add one time power function in the existing discrete grey model, and it also allows the power parameters by endue any value. So, the time-responsive features of this model can reflect the exponential and power function changes system, and includes the interaction characteristics of power function and exponential changes in the system. Based on the new model, taking into account the effect of the initial condition in the discrete grey power model, two optimization models are constructed with the objective of minimum average relative error, the constraints of relationships between parameters in order to optimize the initial condition. The example of online shopper from 2006 to 2012 in China is used to compare the simulation and prediction results of GM(1,1) model, discrete GM(1,1) model and the new method, the results show that the optimized model has better simulation and prediction accuracy than other two grey models. Additionally, in order to test adaptive of the new model, under the conditions of a given power exponent, six kinds of situations data Low-growth data、Medium-growth data、Rapid-growth data、Volatility data、Disturbance-growth data and Attenuation data are genercated by using randomly generated method, and the new model is used to simulate and predict the rand data, the results also show that the new model has better stability, which is further illustrated the validity and applicability of the new model. Therefore, the new prediction model constructed in this paper not only enriches the theory of grey forecast model system, but also provides a more rich set of tools for the prediction of small sample system under the combined effects of multiple factors.

Key words: grey system, discrete grey power model, parameters optimization, online shopper

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