The long distance and tight construction period of the earth pressure balance shield tunneling in Beijing sandy cobble ground have a very positive impact on grasping the construction progress and improving the organization efficiency. Based on the real-time monitoring data of on-site earth pressure, cutter head speed, total thrust, screw conveyor speed, and cutter head torque, this study investigated the correlation between the shield advancement rate and the above parameters based on multiple nonlinear regression analysis method, which lay down the foundation of shield advancement rate prediction. The prediction model achieved satisfactory results and was further applied to an airport project. The results show that it is of guiding significance to use multiple regression method to establish shield prediction model and put forward the best advancement parameters to ensure the construction progress. The order in which the four operational parameters affect the advancement rate is total thrust, cutter head torque, screw conveyor speed, and cutter head speed. When the advancement time is greater than 57 min, the average advancement rate and daily progress are highly positively correlated. The research provides a reliable basis for the advancement rate prediction, safety control, and parameter optimization of shield advancement in similar ground.