Prediction of Petroleum Price Using Back Propagation Artificial Neural Network Based on Chaotic Self-Adaptive Particle Swarm Algorithm

Abstract

Petroleum price are affected by some uncertainties and nonlinear factors, how to predict the price effectively is the focus of the present study. In this paper, a 3 layers back propagation artificial neural network model based on particle swarm optimization algorithm combined with chaos theory and self-adaptive weight strategy is developed, the model structure is 7-13-1, and used to predict the petroleum price. By comparing with the other models, it shows that the model proposed in this paper has good prediction performance, the prediction accuracy and correlations are better.