A Hybrid Grey Prediction Model for Small Oscillation Sequence Based on Information Decomposition

Grey prediction model has good performance in solving small data problem, and has been widely used in various research fields. However, when the data show oscillation characteristic, the effect of grey prediction model performs poor. To this end, a new method was proposed to solve the problem of mod...

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Main Authors: Meng Zhou, Bo Zeng, Wenhao Zhou
Format: Article
Language:English
Published: Wiley 2020-01-01
Series:Complexity
Online Access:http://dx.doi.org/10.1155/2020/5071267
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author Meng Zhou
Bo Zeng
Wenhao Zhou
author_facet Meng Zhou
Bo Zeng
Wenhao Zhou
author_sort Meng Zhou
collection DOAJ
description Grey prediction model has good performance in solving small data problem, and has been widely used in various research fields. However, when the data show oscillation characteristic, the effect of grey prediction model performs poor. To this end, a new method was proposed to solve the problem of modelling small data oscillation sequence with grey prediction model. Based on the idea of information decomposition, the new method employed grey prediction model to capture the trend characteristic of complex system, and ARMA model was applied to describe the random oscillation characteristic of the system. Crops disaster area in China was selected as a case study and the relevant historical eight-year data published by government department were substituted to the proposed model. The modelling results of the new model were compared with those of other traditional mainstream prediction models. The results showed that the new model had evidently superior performance. It indicated that the proposed model will contribute to solve small oscillation problems and have positive significance for improving the applicability of grey prediction model.
format Article
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institution Kabale University
issn 1076-2787
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language English
publishDate 2020-01-01
publisher Wiley
record_format Article
series Complexity
spelling doaj-art-23523e35cbd945a7b1bc66d036f335682025-02-03T01:04:15ZengWileyComplexity1076-27871099-05262020-01-01202010.1155/2020/50712675071267A Hybrid Grey Prediction Model for Small Oscillation Sequence Based on Information DecompositionMeng Zhou0Bo Zeng1Wenhao Zhou2National Research Base of Intelligent Manufacturing Service, Chongqing Technology and Business University, Chongqing, ChinaCollege of Business Planing, Chongqing Technology and Business University, Chongqing, ChinaNational Research Base of Intelligent Manufacturing Service, Chongqing Technology and Business University, Chongqing, ChinaGrey prediction model has good performance in solving small data problem, and has been widely used in various research fields. However, when the data show oscillation characteristic, the effect of grey prediction model performs poor. To this end, a new method was proposed to solve the problem of modelling small data oscillation sequence with grey prediction model. Based on the idea of information decomposition, the new method employed grey prediction model to capture the trend characteristic of complex system, and ARMA model was applied to describe the random oscillation characteristic of the system. Crops disaster area in China was selected as a case study and the relevant historical eight-year data published by government department were substituted to the proposed model. The modelling results of the new model were compared with those of other traditional mainstream prediction models. The results showed that the new model had evidently superior performance. It indicated that the proposed model will contribute to solve small oscillation problems and have positive significance for improving the applicability of grey prediction model.http://dx.doi.org/10.1155/2020/5071267
spellingShingle Meng Zhou
Bo Zeng
Wenhao Zhou
A Hybrid Grey Prediction Model for Small Oscillation Sequence Based on Information Decomposition
Complexity
title A Hybrid Grey Prediction Model for Small Oscillation Sequence Based on Information Decomposition
title_full A Hybrid Grey Prediction Model for Small Oscillation Sequence Based on Information Decomposition
title_fullStr A Hybrid Grey Prediction Model for Small Oscillation Sequence Based on Information Decomposition
title_full_unstemmed A Hybrid Grey Prediction Model for Small Oscillation Sequence Based on Information Decomposition
title_short A Hybrid Grey Prediction Model for Small Oscillation Sequence Based on Information Decomposition
title_sort hybrid grey prediction model for small oscillation sequence based on information decomposition
url http://dx.doi.org/10.1155/2020/5071267
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