Optimization Model Based on Multivariable Grey Model and Its Application to Energy Consumption in China
Abstract Currently, the energy development in China is in a critical period of transformation and reform, facing unprecedented opportunities and challenges. Accurate energy consumption forecast is conducive to promoting the diversification of energy development and utilization, and ensuring the healthy and rapid development of China's economy. Based on the existing multivariable grey prediction model, a nonlinear multivariable grey prediction model with parameter optimization is established in this paper, which used the genetic algorithms to find the optimal parameters, and the modelling steps are obtained. Then, the novel model takes the oil natural gas, coal and clean energy in China as the research objects, and the results are compared with the other four grey prediction models. The novel model has higher simulation and prediction accuracy, which is better than the other four grey prediction models. Finally, the novel model is used to predict those four energy consumption forecasts in China from 2020 to 2024. The results show that various energy consumption will further increase, while the fastest growing is clean energy and natural gas, which provides effective information for the Chinese government to formulate energy economic policies.