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author:

Zhang, Tingting (Zhang, Tingting.) [1] | Tang, Zhenpeng (Tang, Zhenpeng.) [2] | Wu, Junchuan (Wu, Junchuan.) [3] | Du, Xiaoxu (Du, Xiaoxu.) [4] | Chen, Kaijie (Chen, Kaijie.) [5]

Indexed by:

SSCI EI SCIE

Abstract:

The prediction of crude oil prices has important research significance. The paper contributes to the literature of hybrid models for forecasting crude oil prices. We apply ensemble empirical mode decomposition (EEMD) to decompose the residual term (RES), which contains complex information after variational mode decomposition (VMD), further combining with a kernel extreme learning machine (KELM) optimized by particle swarm optimization (PSO) to construct the VMD-RES.-EEMD-PSO-KELM model. In order to verify the validity of the model, this paper conducts empirical analyses of Brent crude oil and West Texas Intermediate (WTI) crude oil. The empirical results show that the prediction model proposed in this paper improves the prediction accuracy of crude oil prices. (c) 2021 Elsevier Ltd. All rights reserved.

Keyword:

Crude oil price forecasting Extreme learning machine Two-layer decomposition technique

Community:

  • [ 1 ] [Zhang, Tingting]Fuzhou Univ, Sch Econ & Management, Fuzhou 350108, Fujian, Peoples R China
  • [ 2 ] [Tang, Zhenpeng]Fuzhou Univ, Sch Econ & Management, Fuzhou 350108, Fujian, Peoples R China
  • [ 3 ] [Wu, Junchuan]Fuzhou Univ, Sch Econ & Management, Fuzhou 350108, Fujian, Peoples R China
  • [ 4 ] [Du, Xiaoxu]Fuzhou Univ, Sch Econ & Management, Fuzhou 350108, Fujian, Peoples R China
  • [ 5 ] [Chen, Kaijie]Fuzhou Univ, Sch Econ & Management, Fuzhou 350108, Fujian, Peoples R China

Reprint 's Address:

  • 唐振鹏

    [Tang, Zhenpeng]Fuzhou Univ, Sch Econ & Management, Fuzhou 350108, Fujian, Peoples R China

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Related Keywords:

Source :

ENERGY

ISSN: 0360-5442

Year: 2021

Volume: 229

8 . 8 5 7

JCR@2021

9 . 0 0 0

JCR@2023

ESI Discipline: ENGINEERING;

ESI HC Threshold:105

JCR Journal Grade:1

CAS Journal Grade:1

Cited Count:

WoS CC Cited Count: 55

SCOPUS Cited Count: 62

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 2

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