A Kernel Grey Model with Genetic Algorithm Optimizer and its applications in forecasting the palm oil price in Malaysia
Accurate forecasting is difficult since palm oil prices are consistently highly nonlinear. It is important to choose the right forecasting models since there are several available. The grey model has proven to be a good forecasting model. Nevertheless, the majority of extant grey models are fundamentally linear models, which limits their ability to capture nonlinear trends. This paper introduces a nonlinear extended parametric grey model known as the kernel grey model (KGM). However, the prediction of the KGM model is dependent on the kernel function and the KGM pa