Future Energy Consumption Prediction Based on Grey Forecast Model

TL;DR

This paper applies and improves the grey forecast model to predict future energy consumption across four U.S. states, aiming to enhance accuracy and applicability in energy planning.

Contribution

The paper introduces modifications to the grey forecast model specifically tailored for energy consumption prediction in multiple states.

Findings

Improved prediction accuracy over traditional grey models

Effective application to multi-state energy data

Potential for better energy resource planning

Abstract

We use grey forecast model to predict the future energy consumption of four states in the U.S, and make some improvments to the model.