Hybrid Stochastic-Grey Model to Forecast the Behavior of Metal Price in the Mining Industry

Hybrid Stochastic-Grey Model to Forecast the Behavior of Metal Price in the Mining Industry

Accurate metal price forecasting is the precondition for optimal and sustainable mine production planning. This paper combined two methods for time series analysis. The developed model represents the combination of the Grey System Theory and a Stochastic differential equation. More precisely, we add...

Full description

Bibliographic Details
Main Authors: Zoran Gligorić, Miloš Gligorić, Dževdet Halilović, Čedomir Beljić, Katarina Urošević
Format: Article
Language:English
Published: MDPI AG 2020-08-01
Series:Sustainability
Subjects:
metal price
uncertainties
forecasting
stochastic grey
Singular Spectrum Analysis
Online Access:https://www.mdpi.com/2071-1050/12/16/6533

Internet

https://www.mdpi.com/2071-1050/12/16/6533

Similar Items