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Research Article | Open Access

Huizhou GDP forecast based on fractional opposite-direction accumulating nonlinear grey bernoulli markov model

Meilan Qiu1,2Dewang Li2Zhongliang Luo3( )Xijun Yu4( )
Division of Applied and Computational Mathematics, Beijing Computational Science Research Center, Beijing 100193, China
School of Mathematics and Statistics, Huizhou University, Guangdong, Huizhou 516007, China
School of Electronic and Information Engineering, Huizhou University, Guangdong, Huizhou 516007, China
Laboratory of Computational Physics, Institute of Applied Physics and Computational Mathematics, Beijing 100088, China
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Abstract

In this paper, a fractional opposite-direction accumulating nonlinear grey Bernoulli Markov model (FOANGBMKM) is established to forecast the annual GDP of Huizhou city from 2017 to 2021. The optimal fractional order number and nonlinear parameters of the model are determined by particle swarm optimization (PSO) algorithm. An experiment is provided to validate the high fitting accuracy of this model, and the effect of prediction is better than that of the other four competitive models such as autoregressive integrated moving average model (ARIMA), grey model (GM (1, 1)), fractional accumulating nonlinear grey Bernoulli model (FANGBM (1, 1)) and fractional opposite-direction accumulating nonlinear grey Bernoulli model (FOANGBM (1, 1)), which proves the robustness of the opposite-direction accumulating nonlinear Bernoulli Markov model. This research will provide a scientific basis and technical references for the economic planning industries.

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Electronic Research Archive
Pages 947-960

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Cite this article:
Qiu M, Li D, Luo Z, et al. Huizhou GDP forecast based on fractional opposite-direction accumulating nonlinear grey bernoulli markov model. Electronic Research Archive, 2023, 31(2): 947-960. https://doi.org/10.3934/era.2023047

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Received: 04 October 2022
Revised: 22 November 2022
Accepted: 23 November 2022
Published: 15 February 2023
©2023 the Author(s), licensee AIMS Press.

This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0)