A Predictive Analysis of the Business Environment of Economies along the Belt and Road Using the Fractional-Order Grey Model
This paper determined the optimal order of FGM (1, 1) model through particle swarm optimization algorithm and combined with the World Bank business environment data to predict and analyze the business environment of economies along the Belt and Road. The empirical results show that the FGM (1, 1) mo...
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| Format: | Article |
| Language: | English |
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Wiley
2021-01-01
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| Series: | Journal of Mathematics |
| Online Access: | http://dx.doi.org/10.1155/2021/3153731 |
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| _version_ | 1850166424292556800 |
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| author | Lingling Pei Jun Liu |
| author_facet | Lingling Pei Jun Liu |
| author_sort | Lingling Pei |
| collection | DOAJ |
| description | This paper determined the optimal order of FGM (1, 1) model through particle swarm optimization algorithm and combined with the World Bank business environment data to predict and analyze the business environment of economies along the Belt and Road. The empirical results show that the FGM (1, 1) model has a good predicting effect on the business environment. In terms of prediction accuracy, the FGM (1, 1) model based on particle swarm optimization algorithm to determine the optimal order is significantly better than the traditional GM (1, 1) model. The predict results show that the business environment level of economies along the Belt and Road will increase year by year from 2021 to 2022, but the overall level is still relatively low. The main innovation of this paper lies in the introduction of the fractional-order grey model into the predictive analysis of the business environment, which is of great significance to the extension and application of fractional-order models in management and economic systems. |
| format | Article |
| id | doaj-art-e11920ef59c34da190674e306d8b9121 |
| institution | OA Journals |
| issn | 2314-4629 2314-4785 |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Journal of Mathematics |
| spelling | doaj-art-e11920ef59c34da190674e306d8b91212025-08-20T02:21:28ZengWileyJournal of Mathematics2314-46292314-47852021-01-01202110.1155/2021/31537313153731A Predictive Analysis of the Business Environment of Economies along the Belt and Road Using the Fractional-Order Grey ModelLingling Pei0Jun Liu1School of Business Administration, Zhejiang University of Finance and Economics, Hangzhou 310018, ChinaSchool of Economics, Zhejiang University of Finance and Economics, Hangzhou 310018, ChinaThis paper determined the optimal order of FGM (1, 1) model through particle swarm optimization algorithm and combined with the World Bank business environment data to predict and analyze the business environment of economies along the Belt and Road. The empirical results show that the FGM (1, 1) model has a good predicting effect on the business environment. In terms of prediction accuracy, the FGM (1, 1) model based on particle swarm optimization algorithm to determine the optimal order is significantly better than the traditional GM (1, 1) model. The predict results show that the business environment level of economies along the Belt and Road will increase year by year from 2021 to 2022, but the overall level is still relatively low. The main innovation of this paper lies in the introduction of the fractional-order grey model into the predictive analysis of the business environment, which is of great significance to the extension and application of fractional-order models in management and economic systems.http://dx.doi.org/10.1155/2021/3153731 |
| spellingShingle | Lingling Pei Jun Liu A Predictive Analysis of the Business Environment of Economies along the Belt and Road Using the Fractional-Order Grey Model Journal of Mathematics |
| title | A Predictive Analysis of the Business Environment of Economies along the Belt and Road Using the Fractional-Order Grey Model |
| title_full | A Predictive Analysis of the Business Environment of Economies along the Belt and Road Using the Fractional-Order Grey Model |
| title_fullStr | A Predictive Analysis of the Business Environment of Economies along the Belt and Road Using the Fractional-Order Grey Model |
| title_full_unstemmed | A Predictive Analysis of the Business Environment of Economies along the Belt and Road Using the Fractional-Order Grey Model |
| title_short | A Predictive Analysis of the Business Environment of Economies along the Belt and Road Using the Fractional-Order Grey Model |
| title_sort | predictive analysis of the business environment of economies along the belt and road using the fractional order grey model |
| url | http://dx.doi.org/10.1155/2021/3153731 |
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