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An Improved Metabolism Grey Model for Predicting Small Samples with a Singular Datum and Its Application to Sulfur Dioxide Emissions in China

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  • Wei Zhou
  • Demei Zhang

Abstract

This study proposes an improved metabolism grey model [IMGM ] to predict small samples with a singular datum, which is a common phenomenon in daily economic data. This new model combines the fitting advantage of the conventional GM in small samples and the additional advantages of the MGM in new real-time data, while overcoming the limitations of both the conventional GM and MGM when the predicted results are vulnerable at any singular datum. Thus, this model can be classified as an improved grey prediction model. Its improvements are illustrated through a case study of sulfur dioxide emissions in China from 2007 to 2013 with a singular datum in 2011. Some features of this model are presented based on the error analysis in the case study. Results suggest that if action is not taken immediately, sulfur dioxide emissions in 2016 will surpass the standard level required by the Twelfth Five-Year Plan proposed by the China State Council.

Suggested Citation

  • Wei Zhou & Demei Zhang, 2016. "An Improved Metabolism Grey Model for Predicting Small Samples with a Singular Datum and Its Application to Sulfur Dioxide Emissions in China," Discrete Dynamics in Nature and Society, Hindawi, vol. 2016, pages 1-11, February.
    • Handle: RePEc:hin:jnddns:1045057
    DOI: 10.1155/2016/1045057
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    References listed on IDEAS

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    3. Li, Der-Chiang & Chang, Che-Jung & Chen, Chien-Chih & Chen, Wen-Chih, 2012. "Forecasting short-term electricity consumption using the adaptive grey-based approach—An Asian case," Omega, Elsevier, vol. 40(6), pages 767-773.
    4. Pao, Hsiao-Tien & Fu, Hsin-Chia & Tseng, Cheng-Lung, 2012. "Forecasting of CO2 emissions, energy consumption and economic growth in China using an improved grey model," Energy, Elsevier, vol. 40(1), pages 400-409.
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    Cited by:

    1. Wang, Siwei & Xiao, Xinping & Ding, Qi, 2024. "A novel fractional system grey prediction model with dynamic delay effect for evaluating the state of health of lithium battery," Energy, Elsevier, vol. 290(C).

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