A New Improved Parsimonious Multivariate Markov Chain Model

Table 3

Prediction errors of the new improved parsimonious multivariate Markov chain model with the original convergence condition in sales demand prediction.

	𝛽=0.7	𝛽=0.8	𝛽=0.9	𝛽=1	𝛽=1.1	𝛽=1.2
IPM1 when 𝛼=0.1	1624.2*	1628.5*	1631.7*	1634.1*	1636.1*	1637.7*
IPM1 when 𝛼=0.2	1354.0*	1355.8*	1359.3*	1361.1*	1363.8*	1365.1*
IPM1 when 𝛼=0.3	1083.7*	1086.4*	1088.4*	1089.9*	1091.1*	1092.1*
IPM1 when 𝛼=0.4	809.2156*	811.0515*	812.4306*	813.5030*	814.3598*	815.0606*
IPM1 when 𝛼=0.5	543.7497*	545.0841*	546.0720*	546.8347*	547.4426*	547.9362*
IPM1 when 𝛼=0.6	366.9729	366.9684	366.9580	366.9577	366.9533	366.9589
IPM1 when 𝛼=0.7	367.3149	367.2101	367.1579	367.1367	367.1448	367.1498
IPM1 when 𝛼=0.8	367.5954	367.5916	367.5874	367.5769	367.5771	367.5766
IPM1 when 𝛼=0.9	368.2437	368.2422	368.2464	368.2530	368.2550	368.2639
IPM1 when 𝛼=1	369.1255	369.1145	369.1161	369.1119	369.1088	369.1062