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- W4366988118 abstract "Purpose Electricity plays an essential role in nations' economic development. However, coal and renewables currently play an important part in electricity production in major world economies. The current study aims to forecast the electricity production from coal and renewables in the USA, China and Japan. Design/methodology/approach Two intelligent grey forecasting models – optimized discrete grey forecasting model DGM (1,1,α), and optimized even grey forecasting model EGM (1,1, α , θ ) – are used to forecast electricity production. Also, the accuracy of the forecasts is measured through the mean absolute percentage error (MAPE). Findings Coal-powered electricity production is decreasing, while renewable energy production is increasing in the major economies (MEs). China's coal-fired electricity production continues to grow. The forecasts generated by the two grey models are more accurate than that by the classical models EGM (1,1) and DGM (1,1) and the exponential triple smoothing (ETS). Originality/value The study confirms the reliability and validity of grey forecasting models to predict electricity production in the MEs." @default.
- W4366988118 created "2023-04-27" @default.
- W4366988118 creator A5009188087 @default.
- W4366988118 date "2023-04-26" @default.
- W4366988118 modified "2023-09-30" @default.
- W4366988118 title "Grey forecast of electricity production from coal and renewable sources in the USA, Japan and China" @default.
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- W4366988118 doi "https://doi.org/10.1108/gs-10-2022-0107" @default.
- W4366988118 hasPublicationYear "2023" @default.
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