The Forecast of Gold Price Based on the GM (1, 1) and Markov Chain

摘要：

Due to gold plays an important role in maintain value，investment and national economic stability , therefore, forecasting the trend of gold price exactly is undoubtedly important. In this paper, author firstly uses GM (1, 1) model to simulate and predict the international gold price. On the basis of the method, using Markov chain to divide and predict the relative error of GM (1, 1) model and amending the predictive value, thereby improving the accuracy of the forecasts of the international gold price and supplying the scientific decision-making suggestions to gold demander.

作者: Chengbiao Wang Yanhui Chen Lihong Li

作者单位: Nanjing University of Aeronautics and Astronautics, 29＃, Yudao Street, Nanjing City, 210016, China

会议类型: 国际会议

会议名称: 2007年IEEE灰色系统与智能服务国际会议(2007 IEEE International Conference on Grey Systems and Intelligent Services)

会议地点: 南京

会议语种:英文

在线出版日期: 2007-11-18（万方平台首次上网日期，不代表论文的发表时间）