Mostafaei, Hamidreza; Kordnoori, Shaghayegh - In: International Journal of Energy Economics and Policy 2 (2012) 3, pp. 97-102
Grey theory deals with systems that are characterized by poor information or for which information is lacking. This study presents an improved grey GM (1, 1) model, using a technique that combines residual modification with Markov Chain model. We use energy consumption and supply of Iran to test...