Title: Combination forecast based on Markov chain and its application
Abstract: In order to solve some problems associated with state forecast,this study proposes a new Markov chain combination forecasting method.Based on weighted Markov chain prediction and fuzzy Markov chain prediction,using a level characteristic value method as a connection method for the Markov chain combination forecast,the median interval,each single forecast model and combined forecast model are compared.It proves that the proposed method is more accurate,more close to the actual value.This study enriches the Markov chain prediction theory.In addition,it provides visual advantage,high forecast accuracy,simple in calculation,and easy for application.Therefore it has useful value in practical application.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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