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author:

Zhan, Linjie (Zhan, Linjie.) [1] | Tang, Zhenpeng (Tang, Zhenpeng.) [2]

Indexed by:

EI SCIE

Abstract:

Research on the price prediction of natural gas is of great significance to market participants of all kinds. In order to predict natural gas prices more reliably, this paper introduces a quadratic decomposition technology based on the combination of variational modal decomposition (VMD) and ensemble empirical modal decomposition (EEMD), which decomposes the residual term (Res) after VMD by EEMD; then, a new hybrid model called VMD-EEMD-Res.-LSTM is constructed in combination with the long short-term memory (LSTM) prediction model. The contribution of this new hybrid model is that, unlike existing application research that combines existing decomposition technology with the LSTM model, it does not ignore the important information contained in the residual after the VMD. In order to verify the predictive performance of the proposed new model, this paper uses the data of the spot price of natural gas in the United States to conduct a multistep-ahead empirical comparative analysis. The results show that the new hybrid model constructed in this paper has significant predictive advantages.

Keyword:

Community:

  • [ 1 ] [Zhan, Linjie]Fuzhou Univ, Sch Econ & Management, Fuzhou 350108, Peoples R China
  • [ 2 ] [Tang, Zhenpeng]Fuzhou Univ, Sch Econ & Management, Fuzhou 350108, Peoples R China
  • [ 3 ] [Tang, Zhenpeng]Fujian Agr & Forestry Univ, Sch Econ & Management, Fuzhou 350002, Peoples R China

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Source :

MATHEMATICAL PROBLEMS IN ENGINEERING

ISSN: 1024-123X

Year: 2022

Volume: 2022

1 . 4 3 0

JCR@2021

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 0

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