2020
DOI: 10.1108/gs-02-2020-0022
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Forecasting China's energy intensity by using an improved DVCGM (1, N) model considering the hysteresis effect

Abstract: PurposeThe purpose of this paper is to examine the effectiveness of an improved dummy variables control grey model (DVCGM) considering the hysteresis effect of government policies in China's energy intensity (EI) forecasting.Design/methodology/approachEnergy consumption is considered as an important driver of economic development. China has introduced policies those aim at the optimization of energy structure and EI. In this study, EI is forecasted by an improved DVCGM, considering the hysteresis effect of ene… Show more

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Cited by 9 publications
(4 citation statements)
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“…under the premise of small samples (Meng et al 2021;Liu et al 2021;Ye et al 2021;Luo et al 2020). At this stage, constructing the multivariate grey model still has defects in construction parameters.…”
Section: Literature Reviewmentioning
confidence: 99%
“…under the premise of small samples (Meng et al 2021;Liu et al 2021;Ye et al 2021;Luo et al 2020). At this stage, constructing the multivariate grey model still has defects in construction parameters.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Wu et al (2019) investigate the multivariate fractional grey GM (α, n) model and apply it to study the effects of China's economic growth and urbanization on energy consumption. For optimizing China's energy structure and EI, Meng et al (2021) construct an improved dummy variables control grey model (DVCGM) and apply grey model (GM) (1, N), DVCGM (1, N) and ARIMA model to test the accuracy of the improved DVCGM (1, N) model prediction.…”
Section: Grey System Theory In Economic Developmentmentioning
confidence: 99%
“…Currently, clean energy forecasting is a major hot topic. The recently prevalent prediction models can be classified into four main categories, which are time-series prediction models (Fara et al , 2021; Jamil, 2020), artificial intelligence (Pham et al , 2020; Shafqat et al , 2021; Abdel-Basset et al , 2021), grey prediction models (Qian et al , 2022; Meng et al , 2020; Zhao and Wu, 2020) and hybrid models (Fan et al , 2021; Zhang et al , 2020; Qiao and Yang, 2020). However, time-series prediction models, although simple to model and easy to implement, require a large number of samples to improve the prediction accuracy.…”
Section: Introductionmentioning
confidence: 99%