Forecasting energy intensity with fourier residual modified grey model: An empirical study in Taiwan
Forecasting energy intensity with fourier residual modified grey model: An empirical study in Taiwan
In the case of Taiwan, the modified models resulted in very low values of mean of absolute percentage error (MAPE) of 0.33% and 0.58%, respectively to the energy consumption and real GDP. Hence, the modified model is strongly suggested to forecast the energy intensity in Taiwan from 2012-2015.