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Construction of prediction model of neural network railway bulk cargo floating price based on random forest regression algorithm

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Abstract

In order to improve the prediction accuracy and modeling speed of railway freight volume, this paper combines the cargo floating price prediction model with the neural network algorithm (hereinafter referred to as NNA) to establish a prediction model. The railway cargo floating price based on neural network (hereinafter referred to as PMBCFP) relies on the random forest regression algorithm (hereinafter referred to as RFRA). Through the neural network operator in the prediction model of the floating price of goods, the randomness of the original sequence is weakened, and the implicit rules in the series are mined. The characteristics of neural networks are computationally very simple. In addition, a random forest regression algorithm is applied to the optimization, RFRA’s choice. Case studies of China’s rail freight volume show that RMSE and other indicators are faster. The MAE, MPE and Tell inequality coefficients obtained from this model were 0.0628, 0.0523, 0.0162 and 0.0107, respectively. This model has good prediction results. The time to search for the best parameters of RFRA using the NNA algorithm is 55.656 s, which is 10.462 s less than the time required for traditional cross-validation methods. Therefore, it is suitable for short-term forecasting of railway freight volume.

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Acknowledgements

This work was supported by the National Natural Science Foundation of China (No. 61803147), the Key Scientific and Technological Project of Henan Province (No. 182102310799) and the Foundation of Henan Educational Committee (No. 18A580003).

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Correspondence to Jian Wang.

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Guo, J., Wang, J., Li, Q. et al. Construction of prediction model of neural network railway bulk cargo floating price based on random forest regression algorithm. Neural Comput & Applic 31, 8139–8145 (2019). https://doi.org/10.1007/s00521-018-3903-5

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  • DOI: https://doi.org/10.1007/s00521-018-3903-5

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