“…Algorithm‐based studies are focused on algorithmic improvement for enhancing forecasting performance, which can be achieved through the following techniques: reducing the volatility of the time series through decomposition techniques (Hu et al, 2015; Liu et al, 2022; Maia et al, 2008, 2011; Wang, Li, et al, 2022; Xiong et al, 2014a; Zhang et al, 2020; Zhu, Wan, & Wang, 2022), improving the robustness of the prediction results by combining prediction methods (Arroyo et al, 2011; Maia & Carvalho, 2019; Xiong et al, 2017; Wang, Chudhery, et al, 2023; Zhang et al, 2020), using the optimization algorithm to avoid the blindness of parameter selection (Jiang et al, 2023; Liu et al, 2019; Wang, Gao, et al, 2023; Xiong et al, 2014b; Zhou et al, 2019), or using a combination of these techniques.…”