Research Article

A New Approach to Improve Accuracy of Grey Model GMC in Time Series Prediction

Table 3

Performance evaluation for fitting and Prediction accuracies of D-GMC and modified GMC models.

CriteriaD-GMCModified GMC
Model valuePredictive valueModel valuePredictive value

MAPE (%)3.253.710.830.42
RMSPE (%)4.193.901.060.47