With the orderly advancement of ‘China's energy development strategic action plan’, the natural gas industry has achieved unprecedented development. Currently, it is planned that by 2020, China’s natural gas consumption will account for at least 10% of the total primary energy consumption, have an orderly and improved energy structure, and achieved energy-saving and emission-reduction targets. Therefore, the accurate prediction of natural gas consumption becomes significantly important. Firstly, based on the research status of forecasting methods and the factors which affect natural gas consumption, this paper used the particle swarm optimization (PSO) algorithm to obtain the input layer weight, and used the optimized extreme learning machine (ELM) algorithm to obtain the hidden layer threshold; by using PSO-ELM as the base predictor and the AdaBoost algorithm, we have constructed the natural gas consumption integrated learning prediction model. Secondly, from the perspective of different provinces and industries, we deeply analyze the current status of natural gas consumption, and the random forest algorithm is used to extract the core influencing factors of natural gas consumption as the independent variables of the prediction model. Finally, data on China's natural gas consumption from 1995 to 2017 are selected, then the feasibility analysis and comparative analysis with other methods are performed. The results show: 1) Using the random forest algorithm to extract the core influencing factors, economic growth, population, household consumption and import dependence degree are significantly representative. 2) Based on the AdaBoost integrated learning algorithm, transforming the weak predictor with poor prediction effect into a strong predictor with strong prediction effect, compared with PSO-ELM、AdaBoost-ELM and ELM algorithm, with R-Square as 0.9999, Mean Square Error (MSE) as 0.8435,Mean Absolute Error (MAE) as 0.2379, Mean Absolute Percentage Error (MAPE) as 0.0008,effectively validated the significant effect of the AdaBoost-PSO-ELM prediction model. 3) Based on the AdaBoost-PSO-ELM prediction model, predict the natural gas core influencing factors and natural gas consumption in the year of 2018–2030. There is an apparent growth trend in the next 13 years, and the average growth rate of natural gas consumption has reached 7.68%.
As global financial markets become highly dependent on each other, risk contagion among stock markets is a primary feature of progressing globalization, which poses uncertainties for government agencies. The deficiency of previous studies is that it is difficult to accurately grasp the direction of risk diffusion in different time periods, and to depict the intensity of risk contagion constantly. Research on causality and measurement of financial risk contagion based on nonlinear causality tests and dynamic Copula methods will help governments to allocate financial resources reasonably and effectively, thus promoting the sustainable development of the social economy and financial markets. Taking the Chinese stock market as an example, this paper evaluated the risk contagion effect between the Chinese stock market and six other stock markets including developed and emerging markets from January 2006 to December 2018. From the aspect of causality, the nonlinear Granger causality test was applied to the entire time period and the phased time periods involving specific events like the subprime mortgage crisis and the Chinese stock market crash. From the aspect of measurement, the dynamic Markov state transition Copula model was used to describe the asymmetrically dependent structure of markets, from which was derived the time-varying lower tail dependence coefficients. The results have been summarized as follows. Firstly, after the outbreak of the subprime mortgage crisis, the stock markets in developed and emerging markets unilaterally affected the Chinese stock market, indicating that China was the recipient at this stage. Then, after the outbreak of the Chinese stock market crash, the Chinese stock market had a risk contagion effect on both Japanese and Russian stock markets, indicating that China became a source of financial risk contagion within a limited area at this stage. Lastly, in terms of the degree of risk contagion, the lower tail dependence coefficients of the Chinese stock market and other markets were significantly increased after the occurrence of specific risk events, while the risk contagion degree of developed markets was higher than that of emerging markets. Policymakers can recognize and apply the characteristics of risk contagion at different stages to refrain from unreasonable institutional arrangements, thus improving the sustainability of economic development.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2025 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.