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Study of application on Verhulst-Markov chain combination forecasting model

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3 Author(s)
Xiaojing Wang ; Sch. of Civil & Transp. Eng., South China Univ. of Technol., Guangzhou ; Yucong Hu ; Xinshan Zhu

Grey model and Markov chain are integrated to forecast the tendency of saturation or sigmoid where the precision testified in the case is much more accurate than that of other methods. Thus, the combination forecasting model applies to predict things concretely combined with highway passenger volume development in Guangdong province. Proved in theory and practice, the forecast results not only are more accurate, adaptable, practical but also can help the decision maker with grasping the highway passenger volume development tendency in general and making proper decision.

Published in:

Service Operations and Logistics, and Informatics, 2008. IEEE/SOLI 2008. IEEE International Conference on  (Volume:2 )

Date of Conference:

12-15 Oct. 2008

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