Jie Cui, Naiming Xie, Hongyan Ma, Hong liang Hu, Zhengya Yang and Chaoqing Yuan
– The purpose of this paper is to study the properties of derived grey verhulst prediction model with multiplication transformation and reduce its modeling complexity.
Abstract
Purpose
The purpose of this paper is to study the properties of derived grey verhulst prediction model with multiplication transformation and reduce its modeling complexity.
Design/methodology/approach
The paper discussed the parameter characteristics of grey derived verhulst model under multiple transformation, and demonstrated its effect on its simulative value and predictive value by investigating the multiple transformation acting on the raw data sequence of this grey model. The parameter characteristics of this model under multiple transformations and its effect of the simulation value and forecasting value are analyzed by studying the properties of multiply transformation of this model.
Findings
The research finding shows that the modeling accuracy of derived grey verhulst model is in no relation to multiple transformations.
Practical implications
The above results imply that the data level can be reduced; the process of building derived grey verhulst model can be simplified; but the simulative and predictive accuracy of this model remain unchanged.
Originality/value
The paper succeeds in realising the properties of derived grey verhulst model by using the method of multiplication transformation, which is helpful to understand the modeling mechanism and expand the application range of derived grey verhulst model.