Container Volume Prediction Using Time-Series Decomposition with a Long Short-Term Memory Models

Autor: Eunju Lee, Dohee Kim, Hyerim Bae
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Zdroj: Applied Sciences, Vol 11, Iss 19, p 8995 (2021)
Druh dokumentu: article
ISSN: 2076-3417
DOI: 10.3390/app11198995
Popis: The purpose of this study is to improve the prediction of container volumes in Busan ports by applying external variables and time-series data decomposition methods to deep learning prediction models. Previous studies on container volume forecasting were based on traditional statistical methodologies, such as ARIMA, SARIMA, and regression. However, these methods do not explain the complexity and variability of data caused by changes in the external environment, such as the global financial crisis and economic fluctuations. Deep learning can explore the inherent patterns of data and analyze the characteristics (time series, external environmental variables, and outliers); hence, the accuracy of deep learning-based volume prediction models is better than that of traditional models. However, this does not include the study of overall trends (upward, steady, or downward). In this study, a novel deep learning prediction model is proposed that combines prediction and trend identification of container volume. The proposed model explores external variables that are related to container volume, combining port volume time-series decomposition with external variables and deep learning-based multivariate long short-term memory (LSTM) prediction. The results indicate that the proposed model performs better than the traditional LSTM model and follows the trend simultaneously.
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