Title
A novel self-adaptive fractional multivariable grey model and its application in forecasting energy production and conversion of China
Abstract
Energy production and conversion have a significant impact on the economic development of all countries in the world. China’s energy production and conversion are large. Therefore, accurate mid-to-long term China’s energy production and conversion forecasting is becoming more and more important for integrating energy systems and energy strategic planning. For this purpose, a novel fractional grey sequence is proposed based on Grunwald–Letnikov fractional calculus. Furthermore, a novel self-adaptive fractional multivariable grey model is proposed based on the novel sequence. In this article, we compare several classical optimization algorithms and finally choose Particle Swarm Optimization (PSO) to compute the parameters. In addition, Monte-Carlo simulation and probability density analysis (PDA) are presented in this article to verify the model’s performance. Monte-Carlo simulation reduces the randomness of the results of the model runs to a certain extent. Probability density analysis visualizes this randomness through kernel density estimation (KDE). This paper compares the new model with the existing seven grey models and predicts the total energy consumption per capita, energy conversion efficiency and total renewable energy in China, respectively. The experimental results show that the new model is superior to the other seven models in terms of stability and prediction accuracy.
Year
DOI
Venue
2022
10.1016/j.engappai.2022.105319
Engineering Applications of Artificial Intelligence
Keywords
DocType
Volume
Self-adaptive,Grunwald–Letnikov fractional calculus sequence,Multivariable grey model,Monte-Carlo simulation,Energy production and conversion
Journal
115
ISSN
Citations 
PageRank 
0952-1976
0
0.34
References 
Authors
0
11
Name
Order
Citations
PageRank
Yong Wang127592.19
Li Wang200.68
Lingling Ye300.34
Xin Ma402.70
Wenqing Wu500.68
Zhongsen Yang600.34
Xinbo He701.01
Lei Zhang816326543.99
Yuyang Zhang901.01
Ying Zhou1000.34
Yongxian Luo1100.34