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2014 (Vol. 7, Issue: 14)
Article Information:

The Prediction for Shanghai Business Climate Index by Grey Model

Weisi Zhang and Hongyan Li
Corresponding Author:  Hongyan Li 

Key words:  Business climate index, GM (1, 1) model, grey model, , , ,
Vol. 7 , (14): 2976-2980
Submitted Accepted Published
September 24, 2013 October 30, 2013 April 12, 2014
Abstract:

This study predicts Shanghai Business Climate Index from the third quarter of 2013 to the first quarter of 2014 by Grey Model. Business climate index (enterprise integrated production business index) is the judgments and expectations index to the development of an enterprise in the future. By comparing the forecasting accuracy of three grey models, i.e., GM (1, 1) model, Verhulst model and the DGM (2, 1) model, the results show that the forecasting accuracy of GM (1, 1) model is higher than Verhulst model and DGM (2, 1) model. And GM (1, 1) model is used to predict Shanghai business climate index in the next three quarters.
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  Cite this Reference:
Weisi Zhang and Hongyan Li, 2014. The Prediction for Shanghai Business Climate Index by Grey Model.  Research Journal of Applied Sciences, Engineering and Technology, 7(14): 2976-2980.
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ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
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