Abstract
The stochastic Markov model is combined with fuzzy set concept and grey system for improving forecasting performance. The data for model test is obtained from ACI including Hong Kong, Beijing, Taoyuan, Incheon and Narita international airport. The empirical results show that fuzzy Markov model has better predictive performance with the data with trend and intercept. For the data with random walk, grey Markov model performs better. The paper also examines the effects of transition state and length of interval on the forecasting performance with the result. Keywords: Markov model, Grey Markov model, Air cargo flow, ARIMA, MAPE.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
