Exchange rate prediction is a challenging task for investors and policymakers due to its nonstationary and nonlinear characteristics. This study develops a novel deep learningbased nonlinear ensemble approach with biphasic feature selection for multivariate exchange rate forecasting. The novel hybrid model has three modules, the preprocessing of target series, feature engineering, and forecasting module. The first module aims to extract more regular signals and reduce the dimension of the target series for better feeding into the forecasting module. The second part is the selection and reconstruction of twelve external variables, which outputs three sequences that contain the most important information. The forecasting part consists of Bi-directional long short-term memory and attention mechanism, which has better performance than the basic artificial intelligence algorithms. Three evaluation indicators are adopted to assess the hybrid model’s performance. The results show that the new model performs better than other compared models.
Resilience Assessment for the Emergency Supplies Security System Based on a Matter-Element Extension Method
The emergency supplies security system (ESSS) plays a vital role in preventing major disasters and ensuring people’s safety. Resilience is an important benchmark to characterize the ability of disaster resistance of the ESSS. However, the ESSS complexity and resilience dynamic evolution make ESSS resilience assessment challenging. This study develops a hierarchical ESSS resilience assessment system comprising three dimensions and twelve criteria, and proposes a dynamic resilience assessment model based on a matter-element extension method. Subsequently, a case study is conducted to demonstrate the applicability of the proposed model. The assessment results indicate that the ESSS resilience in the sample cities has improved over the past five years. However, there are still some shortcomings such as low response rates and high operating costs. This study provides a valuable criteria reference and effective model support for ESSS resilience assessment, which is beneficial for decision makers to clarify the resilience profile, identify the weakness and promote resilience improvement.
2022
Depth Feature Extraction-Based Deep Ensemble Learning Framework for High Frequency Futures Price Forecasting
Whether the change trend of futures price can be accurately analyzed and predicted is the key to the success or failure of futures trading. This paper constructs a new deep ensemble learning framework combining signal decomposition and exogenous variable feature mining for high-frequency futures price prediction, which consists of depth feature extraction (DFE), long short-term memory optimized by attention mechanism (ALSTM) and Light gradient boosting machine (LightGBM). In the depth feature extraction stage, based on multi-scale entropy (MSE) and Savitzky-Golay filter (SG filter), an improved denoising variational mode decomposition (VMD) is proposed to extract the fluctuation characteristics of futures price signal and eliminate the interference of complex components. To avoid the collinearity redundancy of high-dimensional exogenous variables, an enhanced dimensionality reduction method combining Spearman correlation analysis and stacked autoencoder (SAE) is designed to ensure the simplicity and correlation of input factors. In the prediction phase, ALSTM is adopted as a base predictor for constructing point prediction model by the DFE results, which can focus on learning more important data features. Finally, LightGBM, which has excellent effect in the field of ensemble learning, is used to integrate the base prediction results to obtain the final results. The actual closing price data of three representative futures varieties in China’s futures market are selected to verify the accuracy of the proposed framework. Compared with other benchmark models, this developed framework has better futures closing price prediction performance.
A Novel Air Quality Prediction and Early Warning System Based on Combined Model of Optimal Feature Extraction and Intelligent Optimization
An effective air pollution prediction is of great significance to prevent and control air pollution and protect the health of residents. In order to improve the prediction accuracy of PM2.5, an innovative PM2.5 concentration prediction and early warning system based on optimal feature extraction and intelligent optimization is developed in this study. First, a feedback variational modal decomposition algorithm is designed to decompose the PM2.5 concentration sequence and fuzzy entropy is used to reconstruct the patterns of similar complexity. Then, Copula entropy is used to select the influencing factors with a high impact on PM2.5. Next, the reconstructed components and influencing factors are inputted to three individual prediction models, including long short-term memory neural network, gated recurrent unit neural network, and temporal convolutional network, for training and multi-step short-term prediction. The results of the individual prediction models are nonlinearly combined by Gaussian process regression which is optimized by the multi-objective grey wolf optimization algorithm. Finally, the prediction results of different reconstructed components are nonlinearly integrated to obtain the final PM2.5 prediction results. In an empirical study of two Chinese cities, the combined prediction model proposed in this study outperformed the other six comparative models in terms of prediction accuracy and stability. The experimental results prove that the hybrid prediction model proposed in this paper can make an effective prediction and early warnings of air pollution.
Two-Stage Deep Learning Hybrid Framework Based on Multi-Factor Multi-Scale and Intelligent Optimization for Air Pollutant Prediction and Early Warning
Jujie Wang*, Wenjie Xu, Jian Dong, and Yue Zhang
Stochastic Environmental Research and Risk Assessment, Mar 2022
Effective prediction of air pollution concentrations is of great importance to both the physical and mental health of citizens and urban pollution control. As one of the main components of air pollutants, accurate prediction of PM2.5 can provide a reference for air pollution control and pollution warning. This study proposes an air pollutant prediction and early warning framework, which innovatively combines feature extraction techniques, feature selection methods and intelligent optimization algorithms. First, the PM2.5 sequence is decomposed into several subsequences using the complete ensemble empirical mode decomposition with adaptive noise, and then the new components of the subsequences with different complexity are reconstructed using fuzzy entropy. Then, the Max-Relevance and Min-Redundancy method is used to select the influencing factors of the different reconstructed components. Then, a two-stage deep learning hybrid framework is constructed to model the prediction and nonlinear integration of the reconstructed components using a long short-term memory artificial neural network optimized by the gray wolf optimization algorithm. Finally, based on the proposed hybrid prediction framework, effective prediction and early warning of air pollutants are achieved. In an empirical study in three cities in China, the prediction accuracy, warning accuracy and prediction stability of the proposed hybrid framework outperformed the other comparative models. The analysis results indicate that the developed hybrid framework can be used as an effective tool for air pollutant prediction and early warning.
An Optimized Decomposition Integration Framework for Carbon Price Prediction Based on Multi-Factor Two-Stage Feature Dimension Reduction
Wenjie Xu, Jujie Wang*, Yue Zhang, Jianping Li, and Lu Wei
The carbon trading market is an effective tool to combat greenhouse gas emissions, and as the core issue of carbon market, carbon price can stimulate the market for technological innovation and industrial transformation. However, the complex characteristics of carbon price such as nonlinearity and nonstationarity bring great challenges to carbon price prediction research. In this study, potential influencing factors of carbon price are introduced into carbon price forecasting, and a novel hybrid carbon price forecasting framework is developed, which contains data decomposition and reconstruction techniques, two-stage feature dimension reduction methods, intelligent and optimized deep learning forecasting with nonlinear integrated models and interval forecasting. Firstly, the carbon price series is decomposed into several simple and smooth subsequences using variational modal decomposition. The stacked autoencoder is then used to extract its effective features and reconstruct them into several new subsequences. A two-stage feature dimension reduction method is utilized for feature selection and extraction of exogenous variables. A bidirectional long and short-term memory model optimized based on the cuckoo search algorithm was used for prediction and nonlinear integration. Finally, Gaussian process regression based on a hybrid kernel function is applied to carbon price interval forecasting. The validity of the model was verified on seven real carbon trading pilot datasets in China. The methodology outperforms all benchmark models in the final simulation results, providing a novel and efficient forecasting method for the carbon trading industry.