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Grey Forecast Model with Aging Fractional Accumulation and Its Properties

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  • Leping Tu
  • Yan Chen
  • Lifeng Wu
  • Ali Jaballah

Abstract

A novel aging fractional accumulation operator is proposed. The aging accumulation operator can dynamically update the accumulation weight of data and flexibly change the forecast trend by adjusting the aging parameter. In addition, a new aging accumulated grey model is obtained by using the aging accumulation operator to improve the traditional grey model. In the analysis of four examples, the existing grey accumulation operator and prediction method are compared. The results show that the proposed aging accumulation operator and aging accumulation grey model have excellent performance.

Suggested Citation

  • Leping Tu & Yan Chen & Lifeng Wu & Ali Jaballah, 2021. "Grey Forecast Model with Aging Fractional Accumulation and Its Properties," Journal of Mathematics, Hindawi, vol. 2021, pages 1-12, July.
    • Handle: RePEc:hin:jjmath:7596694
    DOI: 10.1155/2021/7596694
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