Accuracy analysis of the Grey Markov forecasting model

Abstract This work reorganized a new Grey Markov numerical forecasting model to as an application model. 30-day commercial papers primary market interest rates were used as an analytical example to examine the state number, state interval range and average accuracy of the Grey forecasting model, and how they influence the accuracy of the Grey Markov forecasting model. The analytical results reveal improving the average accuracy of the Grey forecasting model, also increases the accuracy of the Grey Markov forecasting model.