Multi-step-ahead Crude Oil Price Forecasting based on Grey Wave Forecasting Method
作者： Yanhui Chen , Yingchao Zou , Yuzhen Zhou , Chuan Zhang
DOI: 10.1016/J.PROCS.2016.07.147
关键词:
摘要: Abstract Crude oil price plays an important role in the development of global economy. Numerous industry practitioners, researchers and policy makers pay much attention on fluctuations crude as while accurate prediction it. This paper uses a graphical method-grey wave forecasting-to forecast multi-step-ahead price, which enriches literature extends application scope grey system forecasting theory. The empirical results demonstrate that based daily data method performs well it can also dominate ARMA(1,1).
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