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This study proposes a novel hybrid method, FVMD-WOA-GA, for enhancing traffic flow prediction in 5G-enabled intelligent transportation systems. The method integrates fast variational mode decomposition (FVMD) with optimization techniques, namely, the whale optimization algorithm (WOA) and genetic algorithm (GA), to improve the accuracy of overall traffic flow based on models tailored for each decomposed sub-sequence. The selected predictive models-long short-term memory (LSTM), bidirectional LSTM (BiLSTM), gated recurrent unit (GRU), and bidirectional GRU (BiGRU)-were considered to capture diverse temporal dependencies in traffic data. This research explored a multi-stage approach, where the decomposition, optimization, and selection of models are performed systematically to improve prediction performance. Experimental validation on two real-world traffic datasets further underscores the method's efficacy, achieving root mean squared errors (RMSEs) of 152.43 and 7.91 on the respective datasets, which marks improvements of 3.44% and 12.87% compared to the existing methods. These results highlight the ability of the FVMD-WOA-GA approach to improve prediction accuracy significantly, reduce inference time, enhance system adaptability, and contribute to more efficient traffic management.