2021
DOI: 10.3390/en14051328
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A Carbon Price Prediction Model Based on the Secondary Decomposition Algorithm and Influencing Factors

Abstract: Carbon emission reduction is now a global issue, and the prediction of carbon trading market prices is an important means of reducing emissions. This paper innovatively proposes a second decomposition carbon price prediction model based on the nuclear extreme learning machine optimized by the Sparrow search algorithm and considers the structural and nonstructural influencing factors in the model. Firstly, empirical mode decomposition (EMD) is used to decompose the carbon price data and variational mode decompo… Show more

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Cited by 40 publications
(19 citation statements)
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“…Such drawbacks can be handled by optimizing the initial connection weight and threshold. Therefore, many scholars use intelligent optimization algorithms to select the initial connection weight and threshold value of neural networks, including Genetic Algorithm (GA), Particle Swarm Optimization (PSO), Firefly Algorithm (FA), Grey Wolf Optimizer (GWO), and SSA [ 32 36 ]. In this study, SSA was used to optimize the initial connection weight and threshold of the BP neural network, and the optimal connection weight and threshold found by SSA were given to the BP neural network to establish the optimal BP neural network model.…”
Section: Ssa-bp Neural Networkmentioning
confidence: 99%
“…Such drawbacks can be handled by optimizing the initial connection weight and threshold. Therefore, many scholars use intelligent optimization algorithms to select the initial connection weight and threshold value of neural networks, including Genetic Algorithm (GA), Particle Swarm Optimization (PSO), Firefly Algorithm (FA), Grey Wolf Optimizer (GWO), and SSA [ 32 36 ]. In this study, SSA was used to optimize the initial connection weight and threshold of the BP neural network, and the optimal connection weight and threshold found by SSA were given to the BP neural network to establish the optimal BP neural network model.…”
Section: Ssa-bp Neural Networkmentioning
confidence: 99%
“…The finite distributed lag (FDL) model based on a genetic algorithm (GA) has better performance on predicting carbon price than other GARCH models [ 22 ]. Based on the idea of ensemble learning, the EMD model (Empirical Mode Decomposition, EMD) is used to extract the intrinsic mode function (IMF) that represents the different coexisting oscillation modes of carbon series [ 23 , 24 , 25 ], and then a hybrid carbon price forecasting model integrating the variational mode decomposition (VMD) and optimal combination forecasting model (CFM) is constructed, the results suggesting the superiority of the proposed hybrid model for carbon price forecasting [ 26 , 27 ]. Conducting the EMD method, Wang et al [ 28 ] proposed a new random forest-based nonlinear ensemble paradigm for carbon price prediction and proved the model’s superiority in European carbon price forecasting.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Sparrow search algorithm (SSA) is an emerging evolutionary algorithm based on the sparrow's foraging and anti-predation behaviors (Zhou & Wang 2021). Compared to several traditional evolutionary algorithms, SSA has stronger global search ability and faster convergence speed in global optimization problems.…”
Section: Sparrow Search Algorithm (Ssa)mentioning
confidence: 99%