Prediction of China’s Polysilicon Prices: A Combination Model Based on Variational Mode Decomposition, Sparrow Search Algorithm and Long Short-Term Memory

Given the non-stationarity, nonlinearity, and high complexity of polysilicon prices in the photovoltaic (PV) industry chain, this paper introduces upstream and downstream material prices of the PV industry chain and macroeconomic indicators as influencing factors. The VMD–SSA–LSTM combination model is constructed to predict polysilicon prices, which is based on Variational Mode Decomposition (VMD) and utilizes the Sparrow Search Algorithm (SSA) to optimize the Long Short-Term Memory (LSTM) network. The research shows that decomposing the original polysilicon time series using the VMD algorithm effectively extracts the main features of polysilicon price data, reducing data instability. By optimizing the learning rate, hidden layer nodes, and regularization coefficients of the LSTM model using the Sparrow Search Algorithm, the model achieves higher convergence accuracy. Compared to the traditional LSTM model and VMD–LSTM model, the VMD–SSA–LSTM model exhibits the smallest error and the highest goodness-of-fit on the polysilicon dataset, demonstrating higher predictive accuracy for polysilicon prices, which provides more accurate reference data for market analysis and pricing decisions of the polysilicon industry.

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Publication Details

Journal
Mathematics
Published
2024-11-25
DOI
https://doi.org/10.3390/math12233690
Citations
4
Primary Topic
Advanced Algorithms and Applications
Type
article
Field-Weighted Citation Impact
1.31

Funders

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article

Prediction of China’s Polysilicon Prices: A Combination Model Based on Variational Mode Decomposition, Sparrow Search Algorithm and Long Short-Term Memory

Jining Wang, Lei Wang, Lin Jiang
4 citations
Mathematics
Advanced Algorithms and Applications
1.31
article

Prediction of China’s Polysilicon Prices: A Combination Model Based on Variational Mode Decomposition, Sparrow Search Algorithm and Long Short-Term Memory

Jining Wang, Lei Wang, Lin Jiang
article en
4 citations

Abstract

Given the non-stationarity, nonlinearity, and high complexity of polysilicon prices in the photovoltaic (PV) industry chain, this paper introduces upstream and downstream material prices of the PV industry chain and macroeconomic indicators as influencing factors. The VMD–SSA–LSTM combination model is constructed to predict polysilicon prices, which is based on Variational Mode Decomposition (VMD) and utilizes the Sparrow Search Algorithm (SSA) to optimize the Long Short-Term Memory (LSTM) network. The research shows that decomposing the original polysilicon time series using the VMD algorithm effectively extracts the main features of polysilicon price data, reducing data instability. By optimizing the learning rate, hidden layer nodes, and regularization coefficients of the LSTM model using the Sparrow Search Algorithm, the model achieves higher convergence accuracy. Compared to the traditional LSTM model and VMD–LSTM model, the VMD–SSA–LSTM model exhibits the smallest error and the highest goodness-of-fit on the polysilicon dataset, demonstrating higher predictive accuracy for polysilicon prices, which provides more accurate reference data for market analysis and pricing decisions of the polysilicon industry.

MathematicsVol. 12(23)
Nanjing Tech University (CN)
National Natural Science Foundation of China
Industry, innovation and infrastructure
Openalex Percentile: Top 18%
Advanced Algorithms and Applications
1.31
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Prediction of China’s Polysilicon Prices: A Combination Model Based on Variational Mode Decomposition, Sparrow Search Algorithm and Long Short-Term Memory — Jining Wang, Lei Wang, et al. · Mathematics (2024) | TGRS Research Map | TGRS