Petroleum demand forecasting for Taiwan using modified fuzzy-grey algorithms

In this paper, we adopt the exponentially weighted moving average (EWMA) method to develop the residual modification EWMA grey forecasting model REGM(1,1) and combines it with fuzzy theory to derive the fuzzy REGM or the FREGM(1,1) model. The proposed model is used to forecast annual petroleum deman...

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Bibliographic Details
Published in:	Expert systems Vol. 33; no. 1; pp. 60 - 69
Main Authors:	Lu, Shin-Li, Tsai, Chen-Fang
Format:	Journal Article
Language:	English
Published:	Oxford Blackwell Publishing Ltd 01.02.2016
Subjects:	Algorithms Analysis Crude oil Demand Economic forecasting Errors EWMA Expert systems Forecasting techniques Fuzzy Fuzzy logic fuzzy theory grey forecast Mathematical models Petroleum petroleum demand Studies Taiwan
ISSN:	0266-4720, 1468-0394
Online Access:	Get full text
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