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...
Main Authors: | , , , , |
---|---|
Format: | Article |
Language: | English |
Published: |
MDPI AG
2020-08-01
|
Series: | Sustainability |
Subjects: | |
Online Access: | https://www.mdpi.com/2071-1050/12/16/6533 |