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.

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.

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.

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.

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.

An integrated new threshold FCMs Markov chain based forecasting model for analyzing the power of stock trading trend

This paper explores the power of stock trading trend using an integrated New ThresholdFuzzy Cognitive Maps(NTFCMs)Markov chain model.This new model captures thepositive as well as the negative jumps and predicts the trend for different stocks over 4months which follow an uptrend,downtrend and a mixed trend.The mean absolute percent error(MAPE)tolerance limits,the root mean square error(RMSE)tolerance limits aredetermined for various stock indices over a multi-timeframe period and observed for theexisting methods lying within the defined limits.The results show for every‘n’number ofpredictions made,the predicted close value of the day’s stock price was within tolerancelimit with 0%error and with 100%accuracy in predicting the future trend.

An Advanced Approach for Improving the Prediction Accuracy of Natural Gas Price

As one of the most important commodity futures,the price forecasting of natural gas futures is of great signifi-cance for hedging and risk aversion.This paper mainly focuses on natural gas futures pricing which considers seasonalityfluctuations.In order to study this issue,we propose a modified approach called six-factor model,in which the influence of seasonalfluctuations are eliminated in every random factor.Using Monte Carlo method,wefirst assess and comparative analyze thefitting ability of three-factor model and six-factor model for the out of sample data.It is found that six-factor model has better performance than three-factor model and natural gas futures prices is strongly influenced by winter effect.We then apply the proposed model to predict the price of natural gas futures in the year 2019.It is found that natural gas prices have a weak upward trend in the coming year and are relatively volatile in winter.

Forecast on Price of Agricultural Futures in China Based on ARIMA Model

The forecast on price of agricultural futures is studied in this paper. We use the ARIMA model to estimate the price trends of agricultural futures,which can help the investors to optimize their investing plans. The soybean future contracts are taken as an example to simulate the forecast based on the auto-regression coefficient(p),differential times(d) and moving average coefficient(q). The results show that ARIMA model is better to simulate and forecast the trend of closing prices of soybean futures contract,and it is applicable to forecasting the price of agricultural futures.

An Application of Decision Trees Algorithm to Project Hourly Electricity Spot Price as Support for Decision Making on Electricity Trading in Brazil

Estimating the price of a financial asset or any tradable product is a complex task that depends on the availability of a reasonable amount of data samples. In the Brazilian electricity market environment, where spot prices are centrally calculated by computational models, the projection of hourly energy prices at the spot market is essential for decision-making, and with the particularities of this sector, this task becomes even more complex due to the stochastic behavior of some variables, such as the inflow to hydroelectric power plants and the correlation between variables that affect electricity generation, traditional statistical techniques of time series forecasting present an additional complexity when one tries to project scenarios of spot prices on different time horizons. To address these complexities of traditional forecasting methods, this study presents a new approach based on Machine Learning methodology applied to the electricity spot prices forecasting process. The model’s Learning Base is obtained from public information provided by the Brazilian official computational models: NEWAVE, DECOMP, and DESSEM. The application of the methodology to real cases, using back-testing with actual information from the Brazilian electricity sector demonstrates that the research is promising, as the adherence of the projections with the realized values is significant.

A Model Average Algorithm for Housing Price Forecast with Evaluation Interpretation

In the field of computer research,the increase of data in result of societal progress has been remarkable,and the management of this data and the analysis of linked businesses have grown in popularity.There are numerous practical uses for the capability to extract key characteristics from secondary property data and utilize these characteristics to forecast home prices.Using regression methods in machine learning to segment the data set,examine the major factors affecting it,and forecast home prices is the most popular method for examining pricing information.It is challenging to generate precise forecasts since many of the regression models currently being utilized in research are unable to efficiently collect data on the distinctive elements that correlate y with a high degree of house price movement.In today’s forecasting studies,ensemble learning is a very prevalent and well-liked study methodology.The regression integration computation of large housing datasets can use a lot of computer resources as well as computation time,and ensemble learning uses more resources and calls for more machine support in integrating diverse models.The Average Model suggested in this paper uses the concept of fusion to produce integrated analysis findings from several models,combining the best benefits of separate models.The Average Model has a strong applicability in the field of regression prediction and significantly increases computational efficiency.The technique is also easier to replicate and very effective in regression investigations.Before using regression processing techniques,this work creates an average of different regression models using the AM(Average Model)algorithm in a novel way.By evaluating essential models with 90%accuracy,this technique significantly increases the accuracy of house price predictions.The experimental results show that the AM algorithm proposed in this paper has lower prediction error than other comparison algorithms,and the prediction accuracy is greatly improved compared with other algorithms,and has a good experimental effect in house price prediction.