Application of Grey Prediction Theory to Forecast Expenditure for Science & Technology: Evidence from Henan Province in China

  • Wuwei Li, Yueru Wei
  • Published 2010 in
    2010 International Conference on Challenges in…


Based on the statistical data during the period from 2005 to 2008 released by Henan Statistical Bureau in China, this paper aims to predict the amount of expenditure for science and technology of Henan province in China by the usage of GM (1, 1) model with the four items. The result of this empirical study is that the grey prediction theory can fit the… (More)

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