Research Article
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 |
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