Carbon Price Forecasting Approach Based on Multi-Scale Decomposition and Transfer Learning

Accurate carbon price forecasting is essential to provide the guidance for production and investment.Current research is mainly dependent on plenty of historical samples of carbon prices,which is impractical for the newly launched carbon market due to its short history.Based on the idea of transfer learning,this paper proposes a novel price forecasting model,which utilizes the correlation between the new and mature markets.The model is firstly pretrained on large data of mature market by gated recurrent unit algorithm,and then fine-tuned by the target market samples.An integral framework,including complexity decomposition method for data pre-processing,sample entropy for feature selection,and support vector regression for result post-processing,is provided.In the empirical analysis of new Chinese market,the root mean square error,mean absolute error,mean absolute percentage error,and determination coefficient of the model are 0.529,0.476,0.717%and 0.501 respectively,proving its validity.

Week Ahead Electricity Power and Price Forecasting Using Improved DenseNet-121 Method

In the Smart Grid(SG)residential environment,consumers change their power consumption routine according to the price and incentives announced by the utility,which causes the prices to deviate from the initial pattern.Thereby,electricity demand and price forecasting play a significant role and can help in terms of reliability and sustainability.Due to the massive amount of data,big data analytics for forecasting becomes a hot topic in the SG domain.In this paper,the changing and non-linearity of consumer consumption pattern complex data is taken as input.To minimize the computational cost and complexity of the data,the average of the feature engineering approaches includes:Recursive Feature Eliminator(RFE),Extreme Gradient Boosting(XGboost),Random Forest(RF),and are upgraded to extract the most relevant and significant features.To this end,we have proposed the DensetNet-121 network and Support Vector Machine(SVM)ensemble with Aquila Optimizer(AO)to ensure adaptability and handle the complexity of data in the classification.Further,the AO method helps to tune the parameters of DensNet(121 layers)and SVM,which achieves less training loss,computational time,minimized overfitting problems and more training/test accuracy.Performance evaluation metrics and statistical analysis validate the proposed model results are better than the benchmark schemes.Our proposed method has achieved a minimal value of the Mean Average Percentage Error(MAPE)rate i.e.,8%by DenseNet-AO and 6%by SVM-AO and the maximum accurateness rate of 92%and 95%,respectively.

SVR-Boosting ensemble model for electricity price forecasting in electric power market

A revised support vector regression (SVR) ensemble model based on boosting algorithm (SVR-Boosting) is presented in this paper for electricity price forecasting in electric power market. In the light of characteristics of electricity price sequence, a new triangular-shaped 为oss function is constructed in the training of the forecasting model to inhibit the learning from abnormal data in electricity price sequence. The results from actual data indicate that, compared with the single support vector regression model, the proposed SVR-Boosting ensemble model is able to enhance the stability of the model output remarkably, acquire higher predicting accuracy, and possess comparatively satisfactory generalization capability.

Energy Price Forecasting Through Novel Fuzzy Type-1 Membership Functions

Electricity price forecasting is a subset of energy and power forecasting that focuses on projecting commercial electricity market present and future prices.Electricity price forecasting have been a critical input to energy corporations’strategic decision-making systems over the last 15 years.Many strategies have been utilized for price forecasting in the past,however Artificial Intelligence Techniques(Fuzzy Logic and ANN)have proven to be more efficient than traditional techniques(Regression and Time Series).Fuzzy logic is an approach that uses membership functions(MF)and fuzzy inference model to forecast future electricity prices.Fuzzy c-means(FCM)is one of the popular clustering approach for generating fuzzy membership functions.However,the fuzzy c-means algorithm is limited to producing only one type of MFs,Gaussian MF.The generation of various fuzzy membership functions is critical since it allows for more efficient and optimal problem solutions.As a result,for the best and most improved results for electricity price forecasting,an approach to generate multiple type-1 fuzzy MFs using FCM algorithm is required.Therefore,the objective of this paper is to propose an approach for generating type-1 fuzzy triangular and trapezoidal MFs using FCM algorithm to overcome the limitations of the FCM algorithm.The approach is used to compute and improve forecasting accuracy for electricity prices,where Australian Energy Market Operator(AEMO)data is used.The results show that the proposed approach of using FCM to generate type-1 fuzzy MFs is effective and can be adopted.

Short-Term and Long-Term Price Forecasting Models for the Future Exchange of Mongolian Natural Sea Buckthorn Market

Sea buckthorn market floated uncertainly within a narrow range. The market situation provided upward pressure on prices, and producer and consumer interest were poor, coupled with weak prices in the regional markets. The objectives of the study are: 1) to estimate the relationship between wild Sea buckthorn (SB) price and Supply, Demand, while some other factors of crude oil price and exchange rate by using simultaneous Supply-Demand and Price system equation and Vector Error Correction Method (VECM);2) to forecast the short-term and long-term SB price;3) to compare and evaluate the price forecasting models. Firstly, the data was analyzed by Ferris and Engle-Granger’s procedure;secondly, both price forecasting methodologies were tested by Pindyck-Rubinfeld and Makridakis’s procedure. The result shows that the VECM model is more efficient using yearly data;a short-term price forecast decreases, and a long-term price forecast is predicted to increase the Mongolian Sea buckthorn market.

Stock Price Forecasting with Artificial Neural Networks Long Short-Term Memory: A Bibliometric Analysis and Systematic Literature Review

This study maps the academic literature on Stock Price Forecasting with Long-Term Memory Artificial Neural Networks—RNA LSTM. The objective is to know if it is suitable for time series studies, especially for stock price projection. Through bibliometric analysis and systematic literature review, it is observed that 333 authors wrote on the topic between 2018 and March 2022, and the journals Expert Systems with Applications, IEEE Access, Big Data Journal and Neural Computing and Applications, published the most relevant articles. Of the 99 articles published in this period, 43 are associated with Chinese institutions, the most cited being that of Kim and Won, who studies the volatility of returns and the market capitalization of South Korean stocks. The basis of 65% of the studies is the comparison between the RNN LSTM and other artificial neural networks. The daily closing price of shares is the most analyzed type of data, and the American (21%) and Chinese (20%) stock exchanges are the most studied. 57% of the studies include improvements to existing neural network models and 42% new projection models.

Electricity Price Forecasting Based on AOSVR and Outlier Detection

Electricity price is of the first consideration for all the participants in electric power market and its characteristics are related to both market mechanism and variation in the behaviors of market participants. It is necessary to build a real-time price forecasting model with adaptive capability; and because there are outliers in the price data, they should be detected and filtrated in training the forecasting model by regression method. In view of these points, mis paper presents an electricity price forecasting method based on accurate on-line support vector regression (AOSVR) and outlier detection. Numerical testing results show that the method is effective in forecasting the electricity prices in electric power market

China futures price forecasting based on online search and information transfer

The synchronicity effect between the financial market and online response for time-series forecasting is an important task with wide applications.This study combines data from the Baidu index(BDI),Google trends(GT),and transfer entropy(TE)to forecast a wide range of futures prices with a focus on China.A forecasting model based on a hybrid gray wolf optimizer(GWO),convolutional neural network(CNN),and long short-term memory(LSTM)is developed.First,Baidu and Google dual-platform search data were selected and constructed as Internetbased consumer price index(ICPI)using principal component analysis.Second,TE is used to quantify the information between online behavior and futures markets.Finally,the effective Internet-based consumer price index(ICPI)and TE are introduced into the GWO-CNN-LSTM model to forecast the daily prices of corn,soybean,polyvinyl chloride(PVC),egg,and rebar futures.The results show that the GWO-CNN-LSTM model has a significant improvement in predicting future prices.Internet-based CPI built on Baidu and Google platforms has a high degree of real-time performance and reduces the platform and language bias of the search data.Our proposed framework can provide predictive decision support for government leaders,market investors,and production activities.

Research on Hybrid Model of Garlic Short-term Price Forecasting based on Big Data

Garlic prices fluctuate dramatically in recent years and it is very difficult to predict garlic prices.The autoregressive integrated moving average(ARIMA)model is currently the most important method for predicting garlic prices.However,the ARIMA model can only predict the linear part of the garlic prices,and cannot predict its nonlinear part.Therefore,it is urgent to adopt a method to analyze the nonlinear characteristics of garlic prices.After comparing the advantages and disadvantages of several major prediction models which used to forecast nonlinear time series,using support vector machine(SVM)model to predict the nonlinear part of garlic prices and establish ARIMA-SVM hybrid forecast model to predict garlic prices.The monthly average price data of garlic in 2010-2017 was used to test the effect of ARIMA model,SVM model and ARIMA-SVM model.The experimental results show that:(1)Garlic price is affected by many factors but the most is the supply and demand relationship;(2)The SVM model has a good effect in dealing with the nonlinear relationship of garlic prices;(3)The ARIMA-SVM hybrid model is better than the single ARIMA model and SVM model on the accuracy of garlic price prediction,it can be used as an effective method to predict the short-term price of garlic.

A Temporal Convolutional Network Based Hybrid Model for Short-term Electricity Price Forecasting

Electricity prices have complex features,such as high frequency,multiple seasonality,and nonlinearity.These factors will make the prediction of electricity prices difficult.However,accurate electricity price prediction is important for energy producers and consumers to develop bidding strategies.To improve the accuracy of prediction by using each algorithms’advantages,this paper proposes a hybrid model that uses the Empirical Mode Decomposition(EMD),Autoregressive Integrated Moving Average(ARIMA),and Temporal Convolutional Network(TCN).EMD is used to decompose the electricity prices into low and high frequency components.Low frequency components are forecasted by the ARIMA model and the high frequency series are predicted by the TCN model.Experimental results using the realistic electricity price data from Pennsylvania-New Jersey-Maryland(PJM)electricity markets show that the proposed method has a higher prediction accuracy than other single methods and hybrid methods.

A Hybrid Channel Stock Model for Stock Price Forecasting with Multifaceted Feature Fusion

Stock market is volatile and predicting stock prices is a challenging task.Stock prices are influenced by multiple factors,and prediction using only numerical or image features is ineffective.To solve this problem,we propose a Hybrid Channel Stock model that incorporates multiple features of basic stock data,K-line charts and technical indicator factors for predicting the closing price of a stock on day n+1.The model combines multiple aspects of data and uses a multi-channel structure including improved CNN-TW,bidirectional LSTM and Transformer network.First,we construct the multi-channel branches of the multi-faceted feature fusion input network model;second,in this paper,we will use the concatenate method to stitch the output of each branch as the input of the rest of the network;the last layer in the network is the fully connected layer,which combines the linear activation function regression to output the predicted prices.Finally,we conducted extensive experiments on the Dow 30,SSH 50 and CSI100 indices.The experimental results show that the Hybrid Channel Stock method has the best performance with the smallest MSE,RMSE,MAE and MAPE compared with existing models.in addition,the experiments on different trading days validate the stability and effectiveness of the model,providing an important reference for investors to make stock investment decisions.

Data-driven Two-step Day-ahead Electricity Price Forecasting Considering Price Spikes

In the electricity market environment,electricity price forecasting plays an essential role in the decision-making process of a power generation company,especially in developing the optimal bidding strategy for maximizing revenues.Hence,it is necessary for a power generation company to develop an accurate electricity price forecasting algorithm.Given this background,this paper proposes a two-step day-ahead electricity price forecasting algorithm based on the weighted Knearest neighborhood(WKNN)method and the Gaussian process regression(GPR)approach.In the first step,several predictors,i.e.,operation indicators,are presented and the WKNN method is employed to detect the day-ahead price spike based on these indicators.In the second step,the outputs of the first step are regarded as a new predictor,and it is utilized together with the operation indicators to accurately forecast the electricity price based on the GPR approach.The proposed algorithm is verified by actual market data in Pennsylvania-New JerseyMaryland Interconnection(PJM),and comparisons between this algorithm and existing ones are also made to demonstrate the effectiveness of the proposed algorithm.Simulation results show that the proposed algorithm can attain accurate price forecasting results even with several price spikes in historical electricity price data.

Explainability-based Trust Algorithm for electricity price forecasting models

Advanced machine learning(ML)algorithms have outperformed traditional approaches in various forecasting applications,especially electricity price forecasting(EPF).However,the prediction accuracy of ML reduces substantially if the input data is not similar to the ones seen by the model during training.This is often observed in EPF problems when market dynamics change owing to a rise in fuel prices,an increase in renewable penetration,a change in operational policies,etc.While the dip in model accuracy for unseen data is a cause for concern,what is more,challenging is not knowing when the ML model would respond in such a manner.Such uncertainty makes the power market participants,like bidding agents and retailers,vulnerable to substantial financial loss caused by the prediction errors of EPF models.Therefore,it becomes essential to identify whether or not the model prediction at a given instance is trustworthy.In this light,this paper proposes a trust algorithm for EPF users based on explainable artificial intelligence techniques.The suggested algorithm generates trust scores that reflect the model’s prediction quality for each new input.These scores are formulated in two stages:in the first stage,the coarse version of the score is formed using correlations of local and global explanations,and in the second stage,the score is fine-tuned further by the Shapley additive explanations values of different features.Such score-based explanations are more straightforward than feature-based visual explanations for EPF users like asset managers and traders.A dataset from Italy’s and ERCOT’s electricity market validates the efficacy of the proposed algorithm.Results show that the algorithm has more than 85%accuracy in identifying good predictions when the data distribution is similar to the training dataset.In the case of distribution shift,the algorithm shows the same accuracy level in identifying bad predictions.

CRUDE OIL PRICE FORECASTING WITH TEI@I METHODOLOGY

The difficulty in crude oil price forecasting, due to inherent complexity, has attracted much attention of academic researchers and business practitioners. Various methods have been tried to solve the problem of forecasting crude oil prices. However, all of the existing models of prediction can not meet practical needs. Very recently, Wang and Yu proposed a new methodology for handling complex systems-TEI@I methodology by means of a systematic integration of text mining, econometrics and intelligent techniques.Within the framework of TEI@I methodology, econometrical models are used to model the linear components of crude oil price time series (i.e., main trends) while nonlinear components of crude oil price time series (i.e., error terms) are modelled by using artificial neural network (ANN) models. In addition, the impact of irregular and infrequent future events on crude oil price is explored using web-based text mining (WTM) and rule-based expert systems (RES) techniques. Thus, a fully novel nonlinear integrated forecasting approach with error correction and judgmental adjustment is formulated to improve prediction performance within the framework of the TEI@I methodology. The proposed methodology and the novel forecasting approach are illustrated via an example.

Short-Term Electricity Price Forecasting Using Random Forest Model with Parameters Tuned by Grey Wolf Algorithm Optimization

Accurately forecasting short-term electricity prices is of great significance to electricity market participants.Compared with the time series forecasting methods,machine learning forecasting methods can consider more external factors.The forecasting accuracy of machine learning models is greatly affected by the parameters,meanwhile,the manual selection of parameters usually cannot guarantee the accuracy and stability of the forecasting.Therefore,this paper proposes a random forest(RF)electricity price forecasting model based on the grey wolf optimizer(GWO)to improve the accuracy of forecasting.Among them,RF has a good ability to deal with the problem of non-linear and unstable electricity prices.The optimization of model parameters by GWO can overcome the instability of the forecasting accuracy of manually tune parameters.On this basis,the short-term electricity prices of the PJM power market in four seasons are separately predicted.Experimental results show that the RF algorithm can better predict the short-term electricity price,and the optimization of the RF forecasting model by GWO can effectively improve the accuracy of the RF forecasting model.

Forecasting Winning Bid Prices in an Online Auction Market - Data Mining Approaches

To solve information asymmetry problem on online auction, this study suggests and validates a forecasting model of winning bid prices. Especially, it explores the usability of data mining approaches, such as neural network and Bayesian network in building a forecasting model. This research empirically shows that, in forecasting winning bid prices on online auction, data mining techniques have shown better performance than traditional statistical analysis, such as logistic regression and multivariate regression.

A methodology for coffee price forecasting based on extreme learning machines

This work introduces a methodology to estimate coffee prices based on the use of Extreme Learning Machines.The process is initiated by identifying the presence of nonstationary components,like seasonality and trend.These components are withdrawn if they are found.Next,the temporal lags are selected based on the response of the Partial Autocorre-lation Function filter.As predictors,we address the following models:Exponential Smooth-ing(ES),Autoregressive(AR)and Autoregressive Integrated and Moving Average(ARIMA)models,Multilayer Perceptron(MLP)and Extreme Learning Machines(ELMs)neural net-works.The computational results based on three error metrics and two coffee types(Ara-bica and Robusta)showed that the neural networks,especially the ELM,can reach higher performance levels than the other models.The methodology,which presents preprocess-ing stages,lag selection,and use of ELM,is a novelty that contributes to the coffee prices forecasting field.

A Look-Ahead Method for Forecasting the Concrete Price

Price movement of building materials increases the uncertainty of architectural planning. As a basic building material, commercial concrete is an important part of various construction costs. It is of great significance to predict its price change trend in advance. In this paper, a univariate autoregressive series is constructed based on the daily average price of concrete in major cities in China;then it uses a combined model of Convolutional Neural Network (CNN) and Long Short-Term Memory Network (LSTM) to extract the spatial and temporal rules of time series, to achieve accurate prediction of the trend of concrete price changes 10 days ago. The prediction accuracy rate of the model is 97.13%, and the precision, recall rate, and F1 score are: 97.15%, 97.27%, and 97.20%, respectively. The prediction result is of great significance to various architectural planning.

Forecasting Tesla’s Stock Price Using the ARIMA Model

The stock market is an important economic information center.The economic benefits generated by stock price prediction have attracted much attention.Although the stock market cannot be predicted accurately,the stock market’s prediction of the trend of stock prices helps in grasping the operation law of the stock market and the influence mechanism on the economy.The autoregressive integrated moving average(ARIMA)model is one of the most widely accepted and used time series forecasting models.Therefore,this paper first compares the return on investment(ROI)of Apple and Tesla,revealing that the ROI of Tesla is much greater than that of Apple,and subsequently focuses on ARIMA model’s prediction on the available time series data,thus concluding that the ARIMA model is better than the Naïve method in predicting the change in Tesla’s stock price trend.

Flexible electricity price forecasting by switching mother wavelets based onwavelet transform and Long Short-Term Memory

Under dynamic pricing, stable and accurate electricity price forecasting on the demand side is essential forefficient energy management. We have developed a new electricity price forecasting model that providesconsistently accurate forecasts. The base prediction model decomposes the time series using wavelet transformand then predicts it by Long Short-Term Memory. Previous studies using this model have always decomposedtime series in the same way without changing the mother wavelet. However, this makes it difficult to respond tochanges in time series that vary daily or seasonally. Therefore, we periodically switch the mother wavelet, i.e.,flexibly change the time series decomposition method, to achieve stable and highly accurate electricity priceforecasting. In an experiment, the model improved prediction accuracy by up to 42.8% compared to predictionwith a fixed mother wavelet. Experimental results show that the proposed flexible forecasting method canconsistently provide highly accurate forecasts.