The adaptive extended kalman filter approach for the Lotka-Volterra model and application to economic variables.

The main aim of this article is to extend on the application of the grey Lotka-Volterra model by Wu et al. [1] with a linear programming method. We used this method for estimating the parameters of behavioral variables under the criterion of the minimization of mean absolute percentage error (MAPE). Our empirical analysis indicates that the adaptive extended Kalman filter (EKF) approach performs far better compared to traditional Lotka-Volterra model in the prediction of the relevant parameters. Comparisons of empirical results with the linear programming method for parameter estimation of the grey Lotka-Volterra model demonstrate that the EKF approach has more powerful and efficient prediction performance. [ABSTRACT FROM AUTHOR]