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

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.

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Publication Details

Journal
Systems
Published
2024-11-13
DOI
https://doi.org/10.3390/systems12110486
Citations
3
Primary Topic
Grey System Theory Applications
Type
article
Field-Weighted Citation Impact
1.47
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article

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

Ru Qi Yu, Xiaoli Wang, Zhiwen Zhang, Xiaojun Xu
3 citations
Systems
Grey System Theory Applications
1.47
article

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

Ru Qi Yu, Xiaoli Wang, Zhiwen Zhang, Xiaojun Xu
article en
3 citations

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.

SystemsVol. 12(11)
Yanshan University (CN)
Openalex Percentile: Top 15%
Grey System Theory Applications
1.47
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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 — Ru Qi Yu, Xiaoli Wang, et al. · Systems (2024) | TGRS Research Map | TGRS