International Journal of Science and Technology

International Journal of Science and Technology>> Volume 7, Number 9, September 2017

International Journal of Science and Technology


The Application of Grey System in Futures Price Forecasting

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Author XingYu, Yi Le, Meijuan Yang, Zhenyan Li
On Pages 860-864
Volume No. 2
Issue No. 12
Issue Date December, 2012
Publishing Date December, 2012
Keywords futures price ; grey system prediction ; GM (1, 1) model


Abstract

With the development of China's futures market, investors’ concept is maturing day after day, investors begin to trade from blind to the rational investment, programming trading system is also more and more getting the attention of investors. So programmed trading system can help investors to capture the law of profit and control the risk and position management plays an important role. In addition, using programmed trading system can help traders in the actual operation before using historical data to test operation method, can effectively reduce the cost of trial and error. This paper, by using Dalian corn futures price data as the research object, first elaborated the futures price and the reason for choosing grey model , secondly to grey GM (1, 1) model of the introduction and model are discussed, and thus constitute the futures price gray forecasting model, and using this model, the futures price reasonable prediction. Then using Dalian corn futures price data set up GM (1, 1) model, and applied the grey system tool analysis and model test, to predict the futures price. So it can be concluded that the grey system could be a forecasting model of the futures price.

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