The effect of sample size on the grey system model |
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Authors: | Lifeng Wu Sifeng Liu Ligen Yao Shuli Yan |
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Affiliation: | 1. College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 210016, China;2. School of Economics and Management, Hebei University of Engineering, Handan 056038, China |
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Abstract: | Some forecasting models have been developed, each has its own application condition. The grey model is used for small sample forecasting, but until now there is no reasonable explanation for the reason why it is not used for large sample. Therefore, in this paper, matrix perturbation theory is employed to explain the reason. The results of practical numerical examples from previous works demonstrate that the small sample usually has more accuracy than the large sample when establishing grey model in theory. Furthermore, we used the grey model with small samples to analyse the trend of syphilis incidence in China. |
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Keywords: | Grey system Chinese energy consumption Electricity consumption per capita Logistics demand Syphilis incidence Small sample forecasting |
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