Hybrid Grey Forecasting Model for Iran’s Energy Consumption and Supply

Grey theory deals with systems that are characterized by poor information or for which information is lacking. This study presents an improved grey GM (1, 1) model, using a technique that combines residual modification with Markov Chain model. We use energy consumption and supply of Iran to test the...

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Bibliographic Details
Main Authors: Hamidreza Mostafaei, Shaghayegh Kordnoori
Format: Article
Language:English
Published: EconJournals 2012-07-01
Series:International Journal of Energy Economics and Policy
Subjects:
Online Access:http://www.econjournals.com/index.php/ijeep/article/view/167/121