Management Review ›› 2020, Vol. 32 ›› Issue (7): 293-301.

• Special Issue on Systems Management Methodologies of China • Previous Articles     Next Articles

Forecasting Corn Futures Prices Based on TEI@I Methodology

Wang Huijuan, Chen Hongjia, Gao Siqin, Guo Jingyi, Guan Rong   

  1. School of Statistics and Mathematics, Central University of Finance and Economics, Beijing 100081
  • Received:2019-09-16 Online:2020-07-28 Published:2020-08-08

Abstract: The forecasting of corn futures prices is of great significance in instructing agricultural production and regulating the development of agricultural downstream markets. Based on the methodology of complex system management, this paper constructs a research framework for forecasting corn futures prices based on TEI@I methodology, and analyzes and predicts corn futures prices on the basis of actual data, because existing researches lack regularity and integrity. Our research confirms that the individual forecasting results of regression, Var and RPROP neural network prediction models have large difference and are not very stable in terms of time series. However, the forecasting results of TEI@I methodology with the Bootstrap integration outperforms the equal weight integration model.

Key words: TEI@I methodology, corn future prices, forecasting, Bootstrap