ARMA model based on big data is used to study China's coastal coal freight rate

Lipeng Lu; Jieshu Zhang

doi:10.1117/12.2627958

11 March 2022 ARMA model based on big data is used to study China's coastal coal freight rate

Lipeng Lu, Jieshu Zhang

Proceedings Volume 12160, International Conference on Computational Modeling, Simulation, and Data Analysis (CMSDA 2021); 121601Q (2022) https://doi.org/10.1117/12.2627958
Event: International Conference on Computational Modeling, Simulation, and Data Analysis (CMSDA 2021), 2021, Sanya, China

Abstract

Based on China's coastal coal transportation market, this paper establishes ARMA model, and carries out data analysis and prediction by using China coastal coal transport price index (CBCFI). The analysis results show that the prediction accuracy of the model is high. With the increase of time, the prediction accuracy of ARMA model is also declining. Therefore, ARMA model is suitable for short-term prediction of cbcfi, so as to provide decision-making suggestions for shipping companies and shipping operators and avoid risks.

Citation Download Citation

Lipeng Lu and Jieshu Zhang "ARMA model based on big data is used to study China's coastal coal freight rate", Proc. SPIE 12160, International Conference on Computational Modeling, Simulation, and Data Analysis (CMSDA 2021), 121601Q (11 March 2022); https://doi.org/10.1117/12.2627958

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