Prediction of Low-Rent Housing's Supply Quantity Based on Grey Systems Theory

Abstract

In this paper, we use grey GM (1, 1) model to predict low rental housings' supply quantity in Beijing from 2013 to 2015.Firstly, we give a brief introduction of renewal grey GM (1, 1) model and its methodology. Secondly, we use per capital floor space of urban residential buildings and non-agricultural population as basic data to predicts Beijing's total housing supply from 2014 to 2016. Finally, we use grey GM (1, 1) model predict the number and the area of low rent housings' supply target in Beijing.