An Improved Prediction Model Combining Inverse Exponential Smoothing and Markov Chain

Table 4

Predicted values of model I and model II.

Year	Actual value	Model I	Absolute error	Relative error (%)	Model II	Absolute error	Relative error (%)
2013	28459.70	28787.64	327.94	1.15	28506.25	46.55	0.16
2014	31943.60	32033.60	90.00	0.28	32030.02	86.42	0.27
2015	33228.20	35239.83	2011.63	6.05	34696.09	1467.89	4.42
2016	39667.30	36704.50	2962.80	7.47	36703.42	2963.88	7.47
2017	42350.60	41150.43	1200.17	2.83	41146.20	1204.40	2.84