2023
DOI: 10.1016/j.eswa.2022.118840
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Comparing forecasting accuracy of selected grey and time series models based on energy consumption in Brazil and India

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Cited by 30 publications
(13 citation statements)
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“…To further verify the effectiveness of the prediction model, we also checked the Mean Absolute Percentage Error, Theil's U 1 -statistic, and Theil's U 2 -statistic values. As can be seen from Table 3, the Mean Absolute Percentage Error values obtained are all within 5%, which meets the normal Error requirements of the prediction model (Khan and Osińska, 2023). In addition, Theil's U 1 -statistic values are all close to 0, indicating that the prediction accuracy of the model is high.…”
Section: Model Testsupporting
confidence: 60%
“…To further verify the effectiveness of the prediction model, we also checked the Mean Absolute Percentage Error, Theil's U 1 -statistic, and Theil's U 2 -statistic values. As can be seen from Table 3, the Mean Absolute Percentage Error values obtained are all within 5%, which meets the normal Error requirements of the prediction model (Khan and Osińska, 2023). In addition, Theil's U 1 -statistic values are all close to 0, indicating that the prediction accuracy of the model is high.…”
Section: Model Testsupporting
confidence: 60%
“…To evaluate the accuracy of the extracted Plant Height (PH) and the performance of the regression models, two metrics were employed: the coefficient of determination ( R 2 ) ( Karch, 2020 ), the root mean square error ( RMSE ) ( Hyndman and Koehler, 2006 ) and the normalized root mean square error ( NRMSE ) ( Khan and Osińska, 2023 ). R 2 serves as an indicator of the proportion of variance explained by the model relative to the total variance and typically falls between 0 and 1.…”
Section: Methodsmentioning
confidence: 99%
“…GM (1,1) is one of the commonly used models in the gray model 5 . It accumulates the original discrete non-negative data column once, and generates new regular discrete data column that weaken the randomness.…”
Section: Gm (11)mentioning
confidence: 99%