Please wait a minute...
Journal of Integrative Agriculture  2013, Vol. 12 Issue (12): 2292-2299    DOI: 10.1016/S2095-3119(13)60610-3
Agricultural Economics And Management Advanced Online Publication | Current Issue | Archive | Adv Search |
Prediction Model of Weekly Retail Price for Eggs Based on Chaotic Neural Network
 LI Zhe-min, CUI Li-guo, XU Shi-wei, WENG Ling-yun, DONG Xiao-xia, LI Gan-qiong , YU Hai-peng
Agricultural Information Institute, Chinese Academy of Agricultural Sciences/Key Laboratory of Agri-Information Service Technology, Ministry of Agriculture, Beijing 100081, P.R.China
Download:  PDF in ScienceDirect  
Export:  BibTeX | EndNote (RIS)      
摘要  This paper establishes a short-term prediction model of weekly retail prices for eggs based on chaotic neural network with the weekly retail prices of eggs from January 2008 to December 2012 in China. In the process of determining the structure of the chaotic neural network, the number of input layer nodes of the network is calculated by reconstructing phase space and computing its saturated embedding dimension, and then the number of hidden layer nodes is estimated by trial and error. Finally, this model is applied to predict the retail prices of eggs and compared with ARIMA. The result shows that the chaotic neural network has better nonlinear fitting ability and higher precision in the prediction of weekly retail price of eggs. The empirical result also shows that the chaotic neural network can be widely used in the field of short-term prediction of agricultural prices.

Abstract  This paper establishes a short-term prediction model of weekly retail prices for eggs based on chaotic neural network with the weekly retail prices of eggs from January 2008 to December 2012 in China. In the process of determining the structure of the chaotic neural network, the number of input layer nodes of the network is calculated by reconstructing phase space and computing its saturated embedding dimension, and then the number of hidden layer nodes is estimated by trial and error. Finally, this model is applied to predict the retail prices of eggs and compared with ARIMA. The result shows that the chaotic neural network has better nonlinear fitting ability and higher precision in the prediction of weekly retail price of eggs. The empirical result also shows that the chaotic neural network can be widely used in the field of short-term prediction of agricultural prices.
Keywords:  chaos theory       chaotic neural network       neural network technology       short-term prediction       weekly retail price of eggs  
Received: 29 January 2013   Accepted:
Fund: 

This research was financially supported by the National KeyTechnology R&D Program during the 12th Five-Year Plan period(2012BAH20B04), the 948 Program of Ministry of Agriculture, China (2013-Z1).

Corresponding Authors:  XU Shi-wei, Tel: +86-10-82109902, E-mail: xushiwei@caas.cn     E-mail:  xushiwei@caas.cn
About author:  LI Zhe-min, Tel: +86-10-82105203, E-mail: lizhemin@caas.cn

Cite this article: 

LI Zhe-min, CUI Li-guo, XU Shi-wei, WENG Ling-yun, DONG Xiao-xia, LI Gan-qiong , YU Hai-peng. 2013. Prediction Model of Weekly Retail Price for Eggs Based on Chaotic Neural Network. Journal of Integrative Agriculture, 12(12): 2292-2299.

[1]Ahmad H A, Dozier G V, Roland D A. 2001. Egg price forecasting using neural networks. The Journal of Applied Poultry Research, 10, 162-171

[2]Amjady N, Keynia F. 2011. A new neural network approachto short term load forecasting of electrical power systems. Energies, 4, 488-503

[3]Ardalani-Farsa M, Zolfaghari S. 2010. Chaotic time series prediction with residual analysis method using hybridElman-NARX neural networks. Neurocomputing, 73,2540-2553

[4]Chen Z, Lu C, Zhang W J, Du X W. 2010. A chaotic timeseries prediction method based on fuzzy neural networkand its application. In: Chaos-Fractals Theories andApplications (IWCFTA), 2010 International Workshopon IEEE. Kunming. pp. 355-359

[5]Cui L G, Li Z M. 2013. Comparing with the results of short-term price forecasting for cabbage by different optimization algorithm of chaos-RBF neural networkmodel. Journal of System Science and Mathematical, 33,45-54 (in Chinese)

[6]Dian S M, He R, Fu S W. 2011. Approach of networkflow prediction based on chaotic time series and neuralnetwork. Modern Electronics Technique, 3, 65-71 (inChinese)

[7]Dou C X 2003. Design of fuzzy neural network controllerbased on chaos neural network forecast model andapplication. Systems Engineering- Theory & Practice, 8,48-52 (in Chinese)

[8]Guo G, Shi Z K, Dai G Z. 2000. Select optimal number of variable to nonlinear modeling with chaotic theory.Control and Decision, 2, 233-235. (in Chinese)

[9]Grassberger P, Procaccia I. 1983. Measuring the strangenessof strange attractors. Physica D: Nonlinear Phenomena,9, 189-208

[10]Kulshreshtha S N. 1971. A short-run model for forecastingmonthly egg production in Canada. Canadian Journal ofAgricultural Economics, 19, 36-46

[11]Li J. 2011. Applications and research on chaotic time seriesprediction model. Computer Simpulation, 4, 100-102. (inChinese)

[12]Li Z M, Li G Q. 2010. The short-term forecasting of the market price of eggs. Food and Nutrition in China, 6,36-40. (in Chinese)

[13]Li Z M, Xu S W, Cui L G, Li G Q, Dong X X, Wu J Z.2013. The short-term forecast model of pork price basedon CNN-GA. Advanced Materials Research, 628, 350-358

[14]Mehdi K, Mehdi B. 2010. An artificial neural network (p, d,q) model for time series forecasting. Expert Systems withApplications, 37, 479-489

[15]Mehdi K, Mehdi B. 2011. A novel hybridization of artificialneural networks and ARIMA models for time series forecasting. Applied Soft Computing, 11, 2664-2675

[16]Niu D X, Wang Y L, Duan C M, Xing M. 2009. A new short-term power load forecasting model based onchaotic time series and SVM. Journal of Universal Computer Science, 15, 2726-2745

[17]Oguri K, Adachi H, Yi C H, Sugiyama M. 1992. Study onegg price forecasting in Japan. Research Bulletin of theFaculty of Agriculture- Gifu University, 57, 157-164

[18]Soloviev V, Saptsin V, Chabanenko D. 2010. Financial timeseries prediction with the technology of complex markovchains. Computer Modelling and New Technologies, 14,63-67

[19]Sousa J C, Neves L P, Jorge H M. 2012. Assessing the relevance of load profiling information in electrical load forecasting based on neural network models.International Journal of Electrical Power & Energy Systems, 40, 85-93

[20]Takens F. 1981. Detecting strange attractor in turbulence. Lecture Notes in Math, 898, 366-381

[21]Wang Y, Xu W. 2006. The methods and performance of phase space reconstruction for the time series in Lorenzsystem. Journal of Vibration Engineering, 2, 277-282. (inChinese)

[22]Wang S H. 2008. Gray predict model application in egg prices forecast. Guide to Chinese Poultry, 15, 48-50. (inChinese)

[23]Xu N, Liao S Y, Deng G L. 2011. Prediction of petroleumfutures price based on PSO-BP network. ComputerEngineering and Applications, 47, 234-236. (in Chinese)

[24]Yang Y W, Liu G Z, Zhang Z P. 2001. Chaotic data prediction and its applications in stock market basedon embedding theory and neural networks. Systems Engineering- Theory & Practice, 6, 52-58. (in Chinese)

[25]Yu G R, Yang J R, Xia Z Q. 2011. The prediction model ofchaotic series based on support vector machine and its application to Runoff. Advanced Materials Research,255, 3594-3599

[26]Zhang G M, Yuan Y H, Gong S J. 2011. A predictive modelof short-term wind speed based on improved least squares support vector machine algorithm. Journal of Shanghai Jiaotong University (Science), 45, 1125-1129.
No related articles found!
No Suggested Reading articles found!