2020
DOI: 10.1155/2020/3257328
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Forecasting Natural Gas Consumption of China Using a Novel Grey Model

Abstract: As is known, natural gas consumption has been acted as an extremely important role in energy market of China, and this paper is to present a novel grey model which is based on the optimized nonhomogeneous grey model (ONGM (1,1)) in order to accurately predict natural gas consumption. This study begins with proving that prediction results are independent of the first entry of original series using the product theory of determinant; on this basis, it is a reliable approach by inserting an arbitrary number in fro… Show more

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Cited by 9 publications
(4 citation statements)
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References 40 publications
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“…The grey prediction models have a good fitting ability for small sample data with poor information, and many scholars use the model for long-term NGC prediction. For example, Zheng et al (2020) predicted the NGC of China using the optimized nonhomogeneous grey model. Ding (2018) and Zeng and Li (2016) predicted China's natural gas demand by using a self-adapting intelligent grey model.…”
Section: Ngc Forecastingmentioning
confidence: 99%
“…The grey prediction models have a good fitting ability for small sample data with poor information, and many scholars use the model for long-term NGC prediction. For example, Zheng et al (2020) predicted the NGC of China using the optimized nonhomogeneous grey model. Ding (2018) and Zeng and Li (2016) predicted China's natural gas demand by using a self-adapting intelligent grey model.…”
Section: Ngc Forecastingmentioning
confidence: 99%
“…en, the relevant differential equation model is established. e GM prediction steps are as follows [32,33].…”
Section: Complexitymentioning
confidence: 99%
“…Ding 33 uses a forecasting technique by combining the gray forecasting model and trigonometric residual modification for forecasting the DNLGSCN of households and finds this model can improve the prediction accuracy of the DNLGSCN. In addition to the abovementioned use of gray prediction to predict DNLGSCN, there are also some newly developed gray prediction models, such as a novel gray Bernoulli model, 35 the optimized nonhomogeneous gray model, 36 a discrete gray model, 37 a fractional time-delayed model optimized by the gray wolf optimizer, 38 the Nash nonlinear gray Bernoulli model optimized by the multiverse optimizer algorithm, 39 and a moth flame optimization algorithm-based conformable fractional nonhomogeneous gray Bernoulli model. 40 Furthermore, some researchers have tried to combine the gray forecasting model with other theories to forecast natural gas consumption.…”
Section: Introductionmentioning
confidence: 99%