Hybrid approaches based on LSSVR model for container throughput forecasting: A comparative study

In this study, three hybrid approaches based on least squares support vector regression (LSSVR) model for container throughput forecasting at ports are proposed. The proposed hybrid approaches are compared empirically with each other and with other benchmark methods in terms of measurement criteria on the forecasting performance. The results suggest that the proposed hybrid approaches can achieve better forecasting performance than individual approaches. It is implied that the description of the seasonal nature and nonlinear characteristics of container throughput series is important for good forecasting performance, which can be realized efficiently by decomposition and the “divide and conquer” principle.

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► We propose three hybrid approaches for container throughput forecasting.
► They can achieve better forecasting performance than individual models.
► Seasonal nature and nonlinear characteristic of time series should be captured.
► The “divide and conquer” principle is efficient.