A Method for Predicting Egg Price Based on Multi Model Combination Optimization

With the rapid growth of the national economy and the improvement of people's living quality, eggs, as an important nutritious food, have witnessed a continuous increase in market demand. Accurately grasping the changing patterns and trends of national egg market prices is of great significance to production managers and consumers, which is conducive to promoting the stability of the laying hen industry and the social economy. This study constructs a national monthly egg market price prediction model from January 2000 to April 2024 based on a combination of methods including Seasonal-Trend decomposition using LOESS (STL), Support Vector Regression (SVR), Long Short-Term Memory (LSTM), and Seasonal Autoregressive Integrated Moving Average (SARIMA). The results show that egg prices overall exhibit an upward trend, with seasonal and nonlinear fluctuation characteristics of “high in spring and low in autumn”. The model STL-SARIMA-SVR-LSTM constructed in this study performs best in single-step prediction of egg prices, with RMSE=0.40 and MAPE=2.68%, both of which are the minimum values.

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Published
2024-09-20
DOI
https://doi.org/10.1109/icmlc63072.2024.10935148
Primary Topic
Advanced Algorithms and Applications
Type
article
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article

A Method for Predicting Egg Price Based on Multi Model Combination Optimization

Zhihui Wu, Bin Wen, Qi Zhu, Xudong Lin et al.
Advanced Algorithms and Applications
article

A Method for Predicting Egg Price Based on Multi Model Combination Optimization

Zhihui Wu, Bin Wen, Qi Zhu, Xudong Lin, Zhiguo Du
article en

Abstract

With the rapid growth of the national economy and the improvement of people's living quality, eggs, as an important nutritious food, have witnessed a continuous increase in market demand. Accurately grasping the changing patterns and trends of national egg market prices is of great significance to production managers and consumers, which is conducive to promoting the stability of the laying hen industry and the social economy. This study constructs a national monthly egg market price prediction model from January 2000 to April 2024 based on a combination of methods including Seasonal-Trend decomposition using LOESS (STL), Support Vector Regression (SVR), Long Short-Term Memory (LSTM), and Seasonal Autoregressive Integrated Moving Average (SARIMA). The results show that egg prices overall exhibit an upward trend, with seasonal and nonlinear fluctuation characteristics of “high in spring and low in autumn”. The model STL-SARIMA-SVR-LSTM constructed in this study performs best in single-step prediction of egg prices, with RMSE=0.40 and MAPE=2.68%, both of which are the minimum values.

South China Agricultural University (CN)
Openalex Percentile: Top 64%
Advanced Algorithms and Applications
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A Method for Predicting Egg Price Based on Multi Model Combination Optimization — Zhihui Wu, Bin Wen, et al. · (2024) | TGRS Research Map | TGRS