Carbon emission price forecasting in China using a novel secondary decomposition hybrid model of CEEMD-SE-VMD-LSTM
Effective forecasting of carbon prices helps investors to judge carbon market conditions and promotes the environment and economic sustainability. The contribution of this paper is constructing a novel secondary decomposition hybrid carbon price forecasting model, namely CEEMD-SE-VMD-LSTM. It is not...
Ausführliche Beschreibung
Autor*in: |
Li Ni [verfasserIn] Venus Khim-Sen Liew [verfasserIn] |
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E-Artikel |
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Sprache: |
Englisch |
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2024 |
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In: Systems Science & Control Engineering - Taylor & Francis Group, 2017, 12(2024), 1 |
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Übergeordnetes Werk: |
volume:12 ; year:2024 ; number:1 |
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DOI / URN: |
10.1080/21642583.2023.2291409 |
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Katalog-ID: |
DOAJ099105616 |
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10.1080/21642583.2023.2291409 doi (DE-627)DOAJ099105616 (DE-599)DOAJ1118f309c3a74159b987ccd8fa116218 DE-627 ger DE-627 rakwb eng TJ212-225 Li Ni verfasserin aut Carbon emission price forecasting in China using a novel secondary decomposition hybrid model of CEEMD-SE-VMD-LSTM 2024 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Effective forecasting of carbon prices helps investors to judge carbon market conditions and promotes the environment and economic sustainability. The contribution of this paper is constructing a novel secondary decomposition hybrid carbon price forecasting model, namely CEEMD-SE-VMD-LSTM. It is noteworthy that the sample entropy is introduced to identify the highly complex signals rather than empirically determined in previous studies. Specifically, the complementary ensemble empirical mode decomposition (CEEMD) model is used to decompose the original price signals. The sample entropy (SE) and variational mode decomposition (VMD) are conducted to recognize and secondary decompose the highly complex components, while the long short-term memory (LSTM) model is employed to forecast the carbon price by summing up the predicted intrinsic mode function (IMF) components. The conclusion shows the proposed model has the smallest forecasting errors with the values of RMSE, MAE and MAPE are 0.2640, 0.1984 and 0.0044, respectively, the secondary decomposition models are better than other primary decomposition models and the forecasting performances of LSTM-type models are better than those of other GRU-type models. Further evidence convinces us that short-term forecasting accuracy is superior to long-term forecasting. Those conclusions and model innovation can provide a valuable reference for investors to make trading decisions. Carbon price forecasting secondary decomposition CEEMD sample entropy VMD LSTM Control engineering systems. Automatic machinery (General) Systems engineering TA168 Venus Khim-Sen Liew verfasserin aut In Systems Science & Control Engineering Taylor & Francis Group, 2017 12(2024), 1 (DE-627)737701722 (DE-600)2705530-9 21642583 nnns volume:12 year:2024 number:1 https://doi.org/10.1080/21642583.2023.2291409 kostenfrei https://doaj.org/article/1118f309c3a74159b987ccd8fa116218 kostenfrei https://www.tandfonline.com/doi/10.1080/21642583.2023.2291409 kostenfrei https://doaj.org/toc/2164-2583 Journal toc kostenfrei GBV_USEFLAG_A SYSFLAG_A GBV_DOAJ GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_161 GBV_ILN_170 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2014 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 AR 12 2024 1 |
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TJ212-225 Carbon emission price forecasting in China using a novel secondary decomposition hybrid model of CEEMD-SE-VMD-LSTM Carbon price forecasting secondary decomposition CEEMD sample entropy VMD LSTM |
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Carbon emission price forecasting in China using a novel secondary decomposition hybrid model of CEEMD-SE-VMD-LSTM |
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Effective forecasting of carbon prices helps investors to judge carbon market conditions and promotes the environment and economic sustainability. The contribution of this paper is constructing a novel secondary decomposition hybrid carbon price forecasting model, namely CEEMD-SE-VMD-LSTM. It is noteworthy that the sample entropy is introduced to identify the highly complex signals rather than empirically determined in previous studies. Specifically, the complementary ensemble empirical mode decomposition (CEEMD) model is used to decompose the original price signals. The sample entropy (SE) and variational mode decomposition (VMD) are conducted to recognize and secondary decompose the highly complex components, while the long short-term memory (LSTM) model is employed to forecast the carbon price by summing up the predicted intrinsic mode function (IMF) components. The conclusion shows the proposed model has the smallest forecasting errors with the values of RMSE, MAE and MAPE are 0.2640, 0.1984 and 0.0044, respectively, the secondary decomposition models are better than other primary decomposition models and the forecasting performances of LSTM-type models are better than those of other GRU-type models. Further evidence convinces us that short-term forecasting accuracy is superior to long-term forecasting. Those conclusions and model innovation can provide a valuable reference for investors to make trading decisions. |
abstractGer |
Effective forecasting of carbon prices helps investors to judge carbon market conditions and promotes the environment and economic sustainability. The contribution of this paper is constructing a novel secondary decomposition hybrid carbon price forecasting model, namely CEEMD-SE-VMD-LSTM. It is noteworthy that the sample entropy is introduced to identify the highly complex signals rather than empirically determined in previous studies. Specifically, the complementary ensemble empirical mode decomposition (CEEMD) model is used to decompose the original price signals. The sample entropy (SE) and variational mode decomposition (VMD) are conducted to recognize and secondary decompose the highly complex components, while the long short-term memory (LSTM) model is employed to forecast the carbon price by summing up the predicted intrinsic mode function (IMF) components. The conclusion shows the proposed model has the smallest forecasting errors with the values of RMSE, MAE and MAPE are 0.2640, 0.1984 and 0.0044, respectively, the secondary decomposition models are better than other primary decomposition models and the forecasting performances of LSTM-type models are better than those of other GRU-type models. Further evidence convinces us that short-term forecasting accuracy is superior to long-term forecasting. Those conclusions and model innovation can provide a valuable reference for investors to make trading decisions. |
abstract_unstemmed |
Effective forecasting of carbon prices helps investors to judge carbon market conditions and promotes the environment and economic sustainability. The contribution of this paper is constructing a novel secondary decomposition hybrid carbon price forecasting model, namely CEEMD-SE-VMD-LSTM. It is noteworthy that the sample entropy is introduced to identify the highly complex signals rather than empirically determined in previous studies. Specifically, the complementary ensemble empirical mode decomposition (CEEMD) model is used to decompose the original price signals. The sample entropy (SE) and variational mode decomposition (VMD) are conducted to recognize and secondary decompose the highly complex components, while the long short-term memory (LSTM) model is employed to forecast the carbon price by summing up the predicted intrinsic mode function (IMF) components. The conclusion shows the proposed model has the smallest forecasting errors with the values of RMSE, MAE and MAPE are 0.2640, 0.1984 and 0.0044, respectively, the secondary decomposition models are better than other primary decomposition models and the forecasting performances of LSTM-type models are better than those of other GRU-type models. Further evidence convinces us that short-term forecasting accuracy is superior to long-term forecasting. Those conclusions and model innovation can provide a valuable reference for investors to make trading decisions. |
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Carbon emission price forecasting in China using a novel secondary decomposition hybrid model of CEEMD-SE-VMD-LSTM |
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