The Journal of Grey System ›› 2025, Vol. 37 ›› Issue (1): 64-78.

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A Novel Power-sum Time-varying Grey Prediction Model and Its Applications

  

  1. 1. College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, Jiangsu, 211106, P.R. China  2. Institute for Grey Systems Studies, Nanjing University of Aeronautics and Astronautics, Nanjing, Jiangsu, Nanjing 211106, P.R. China  3. School of Management and Center for Grey System Studies, Northwestern Polytechnical University, Xi’an, Shaanxi 710072, P.R. China  
  • Online:2025-01-18 Published:2025-01-18
  • Supported by:
    This work was supported by projects of the scholarship from China Scholarships Council (202306830007), the support of Postgraduate Research & Practice Innovation Program of Jiangsu Province (KYCX24_0507) and the Funding for Outstanding Doctoral Dissertation in Nanjing University of Aeronautics and Astronautics (BCXJ24-19). 

Abstract: The purpose of this paper is to propose an improved power-sum accumulation time-varying grey model (PATGM) to enhance the ability to mine the heterogeneity of sparse data. Firstly, a novel power-sum accumulation grey generating operator is introduced to smooth the observed values according to data fluctuations, mitigating the model's ill-conditioned property. Secondly, a time-varying function is introduced as a parameter structure to the traditional model, providing the model with flexibility in complex systems modeling. Finally, based on the Dingo Optimization Algorithm, a hyperparameter calibration strategy for PATGM is provided. The power-sum accumulation grey generating operator can amplify or minimize the nonlinear characteristics of the observations, thus significantly improving the adaptivity of the grey modeling approach to fluctuating sequences. Meanwhile, the elastic-net regression method is employed to obtain a more reasonable and stable parameter structure. The hyperparameters are calculated using the Dingo optimization algorithm, which effectively controls the noise resistance and nonlinearity in the prediction system. PATGM solves the data smoothing processing and model structure selection problems of the traditional grey model. This new model is suitable for processing data prediction tasks with complex characteristics, especially provides an effective prediction method for complex engineering and system modeling. 

Key words: Grey model, Power-sum accumulation, Sparse data analysis, Forecasting algorithm, Dingo optimization algorithm ,