Abstract

Grey-markov forecasting model of traffic volume was founded by applying the model of GM (1,1) and Markov random process theory. The model utilizes the advantages of Grey-markov GM (1,1) forecasting model and Markov random process in order to discover the developing and varying tendency of the forecasting data sequences of traffic volume. The analysis of an example indicates that the grey-markov model has good forecasting accuracy and excellent applicability in predicting traffic volume.

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