Title :
The Wrong Analysis of the Price Forecast Model Based on Fractal Theory in Commodity Price Forecasting
Author :
Cui, He-Rui ; Yang, Li
Author_Institution :
Sch. of Bus. Adm., North China Electr. Power Univ., Baoding, China
Abstract :
The fractal theory is beginning from the 1970s, which take the geometrical morphology with the characteristics of non-regular and self-similar in nature and real life as the research object. Application field of this model is very extensive, and in economic management, as commodity price exhibits the characteristics of non-regular and self-similar to a certain extent, so this model is used as new prediction model in price forecasting of commodity. But this model has some problems, this paper uses empirical analysis to show the shortcomings of this method in commodity price forecast.
Keywords :
economic forecasting; fractals; pricing; production management; commodity price forecasting; economic management; fractal theory; price forecast models; Computational geometry; Conference management; Economic forecasting; Fractals; Information analysis; Power generation economics; Power system economics; Power system modeling; Predictive models; Solid modeling; commidit; fractal theory; improvement; price forecasting;
Conference_Titel :
Services Science, Management and Engineering, 2009. SSME '09. IITA International Conference on
Conference_Location :
Zhangjiajie
Print_ISBN :
978-0-7695-3729-0
DOI :
10.1109/SSME.2009.31
