Forecasting Crude Oil Consumption in China Using a Grey Prediction Model with an Optimal Fractional-Order Accumulating Operator

<table class="table-group" id="tab1"><tr><td><table class="table"><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr class="thead"><td class="align_left">Year</td><td class="align_center">Crude consumption</td></tr><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr><td class="align_left">2002</td><td class="align_center">2.2544</td></tr><tr><td class="align_left">2003</td><td class="align_center">2.4922</td></tr><tr><td class="align_left">2004</td><td class="align_center">2.8749</td></tr><tr><td class="align_left">2005</td><td class="align_center">3.0086</td></tr><tr><td class="align_left">2006</td><td class="align_center">3.2245</td></tr><tr><td class="align_left">2007</td><td class="align_center">3.4032</td></tr><tr><td class="align_left">2008</td><td class="align_center">3.5498</td></tr><tr><td class="align_left">2009</td><td class="align_center">3.8129</td></tr><tr><td class="align_left">2010</td><td class="align_center">4.2875</td></tr><tr><td class="align_left">2011</td><td class="align_center">4.3966</td></tr><tr><td class="align_left">2012</td><td class="align_center">4.6679</td></tr><tr><td class="align_left">2013</td><td class="align_center">4.8652</td></tr><tr><td class="align_left">2014</td><td class="align_center">5.1547</td></tr><tr class="table-tr"><td colspan="2"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>China’s crude consumption (units: 100 million tons) during 2002–2014.</div>

Complexity

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Table 1

Table 1: Forecasting Crude Oil Consumption in China Using a Grey Prediction Model with an Optimal Fractional-Order Accumulating Operator 