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A good risk warning model is an effective way to guarantee the stable operation of the carbon market and exert its emission reduction function. This paper takes the China's pilot carbon market as the research object and measures the carbon market risk by ARMA-GARCH-VaR. Then, influential factors are selected as non-market characteristics from the perspective of causality and incorporated into the risk warning model, and SMOTE and SMOTEENN are introduced to deal with the unbalanced samples. Results show that (1) The risk fluctuations of Beijing and Shenzhen carbon market are large, and the risk fluctuations of Guangdong carbon market are relatively smooth in the early period and larger in the recent period. (2) Air quality, average daily temperature, CSI 300, power coal, natural gas, European carbon market, exchange rate, and Baidu index are all important factors in the risk volatility of carbon market. (3) The Classification Decision Tree (CDT) has the best performance. CDT has the best performance in Guangdong carbon market, SMOTE-CDT has the best performance in Hubei carbon market, and SMOTEENN-CDT has the best performance in Shanghai carbon market, in which SMOTEENN-CDT has a 76% Recall. The non-equilibrium treatment improves the overall Recall, and the risk warning model after non-equilibrium treatment can avoid missing important risk points. This paper can provide a certain degree of reference for the improvement of carbon trading market and risk management. [Display omitted] • A carbon market warning model is constructed. • The average VaR of the carbon trading markets in Shenzhen and Beijing is larger. • CDT performs better in market risk warning. • The model improves 34.8% in the avoidance of risk compared with other models. [ABSTRACT FROM AUTHOR]

Accurate traffic congestion estimation and prediction are critical building blocks for smart trip planning and rerouting decisions in transportation systems. Over the decades, there have been many studies focusing on traffic congestion estimation and prediction with different statistical approaches (e.g., Markov chain) and machine learning models (e.g., clustering, Bayesian networks, and artificial neural networks). However, there is a lack of a unified framework to address the mechanisms of different models and integrate the advantages of different methods through combinations. This paper introduces the FD-Markov-LSTM model, a hybrid interpretable approach that combines the fundamental diagram (FD), Markov chain, and long short-term memory (LSTM). The aim is to estimate and predict traffic states by integrating statistical data in both congested and uncongested scenarios. The FD-Markov-LSTM model leverages the FD to identify hierarchical traffic states and utilizes the Markov process to capture the probabilistic transitions between these states. We employ the LSTM model to further capture the residual time series produced by the Markov chain model (assuming a memoryless property) to enhance the estimation and prediction performance. The proposed model's accuracy in estimating and predicting traffic flow is evaluated using empirical data from three case studies conducted in Beijing and Los Angeles. The results highlight a significant improvement in accuracy compared to classical benchmark models such as the Markov model, ARIMA model, k-Nearest Neighbor model, Random Forest model, and LSTM. Specifically, the FD-Markov-LSTM model achieves reductions of over 39% in mean absolute error, 35% in root mean squared error, and 7.4% in mean absolute percentage error. These results clearly demonstrate that the FD-Markov-LSTM model outperforms the benchmark models, enabling more precise predictions of traffic flow. [ABSTRACT FROM AUTHOR]

• Experiments contrasted ten machine learning models in susceptibility prediction. • Hybrid ensemble models significantly outperformed widely-used individual models. • Study profiled the first urban waterlogging susceptibility map in Beijing, China. • Urban road network and densely populated areas face severer waterlogging risk. Urban waterlogging has emerged as a significant problem worldwide, particularly in densely populated cities. Accurate assessment of waterlogging susceptibility at the city scale is crucial for mitigating the risks associated with waterlogging and optimizing municipal design accordingly. However, existing studies on urban waterlogging susceptibility assessment have primarily relied on individual machine learning models. It is worthwhile to explore whether hybrid ensemble models have the potential to enhance the predictive performance. This research presents two hybrid ensemble machine learning models, namely Stacking and Blending, for assessing urban waterlogging susceptibility in the metropolitan area of Beijing, China. The performances of these models are compared with those of the widely used individual machine learning models. Evaluation of all the models is based on metrics such as Accuracy rate and Area Under Curve (AUC) score. The results demonstrate that the Stacking and Blending models consistently outperform the traditional machine learning models, such as Random Forest, Logistic Regression, etc. Through susceptibility analysis and model interpretation with SHAP method, this paper obtains several key findings that low lying areas may not necessarily be areas with severe waterlogging; urban roads and densely populated areas are highly susceptible to becoming high-risk areas for waterlogging in the study area. This study not only highlights the effectiveness of the Stacking and Blending models for urban waterlogging susceptibility assessment but also provides valuable insights for waterlogging mitigation strategies in urban planning. [ABSTRACT FROM AUTHOR]