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Research on Forecasting Sales of Pure Electric Vehicles in China Based on the Seasonal Autoregressive Integrated Moving Average–Gray Relational Analysis–Support Vector Regression Model

Authors :
Ru Yu
Xiaoli Wang
Xiaojun Xu
Zhiwen Zhang
Source :
Systems, Vol 12, Iss 11, p 486 (2024)
Publication Year :
2024
Publisher :
MDPI AG, 2024.

Abstract

Aiming to address the complexity and challenges of predicting pure electric vehicle (EV) sales, this paper integrates a time series model, support vector machine and combined model to forecast EV sales in China. Firstly, a seasonal autoregressive integrated moving average (SARIMA) model was constructed using historical EV sales data, and the model was trained on sales statistics to obtain forecasting results. Secondly, variables that were highly correlated with sales were analyzed using gray relational analysis (GRA) and utilized as input parameters for the support vector regression (SVR) model, which was constructed to optimize sales predictions for EVs. Finally, a combined model incorporating different algorithms was verified against market sales data to explore the optimal sales prediction approach. The results indicate that the SARIMA-GRA-SVR model with the squared prediction error and inverse method achieved the best predictive performance, with MAPE, MAE and RMSE values of 12%, 1.45 and 2.08, respectively. This empirical study validates the effectiveness and superiority of the SARIMA-GRA-SVR model in forecasting EV sales.

Details

Language :
English
ISSN :
20798954
Volume :
12
Issue :
11
Database :
Directory of Open Access Journals
Journal :
Systems
Publication Type :
Academic Journal
Accession number :
edsdoj.551ff5479fb4488a89c56b541abe4895
Document Type :
article
Full Text :
https://doi.org/10.3390/systems12110486