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Automated Midline Shift and Intracranial Pressure Estimation based on Brain CT Images
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A carbon price hybrid forecasting model based on data multi-scale decomposition and machine learning.

Ping Yang1, Yelin Wang1, Shunyu Zhao1

  • 1Faculty of Management and Economics, Kunming University of Science and Technology, Kunming, Yunnan, 650093, People's Republic of China.

Environmental Science and Pollution Research International
|August 9, 2022
PubMed
Summary

Accurate carbon price forecasting is challenging due to market volatility. A new hybrid model, CEEMDAN-PE-LSTM-RVM, improves prediction accuracy and reliability for carbon financial markets.

Keywords:
Carbon price forecastingChaos theoryComplete ensemble empirical mode decomposition with adaptive noisePermutation entropyTime series analysis

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Area of Science:

  • Environmental Economics
  • Financial Forecasting
  • Machine Learning

Background:

  • Accurate carbon price forecasting is crucial for carbon financial market operations.
  • Non-linearity and non-stationarity of carbon prices hinder reliable predictions.

Purpose of the Study:

  • To propose a novel hybrid model for accurate and reliable carbon price forecasting.
  • To address the limitations of existing models in terms of applicability and accuracy.

Main Methods:

  • A hybrid model named CEEMDAN-PE-LSTM-RVM was developed, integrating decomposition, entropy, and machine learning.
  • The model utilizes a prediction-under-classification structure and introduces chaos degree as a quantitative feature.
  • Empirical evaluation was conducted using historical data from four representative carbon prices.

Main Results:

  • The proposed CEEMDAN-PE-LSTM-RVM model achieved average MAPE of 1.7027 and RMSE of 0.7993.
  • Performance significantly outperformed other models, demonstrating high accuracy and reliability.
  • The model exhibited robustness, with reduced sensitivity to the complexity of predicted carbon price data.

Conclusions:

  • The CEEMDAN-PE-LSTM-RVM model offers a reliable tool for carbon financial markets.
  • The study provides a benchmark for assessing prediction reliability using chaos degree.
  • The model's performance highlights its effectiveness in handling complex carbon price dynamics.