TY  - EJOU
AU  - Guo, Yibin 
AU  - Ye, Lingxiao 
AU  - Wang, Xiang 
AU  - Wu, Di 
AU  - Wang, Zirong 
AU  - Wang, Hao 

TI  - A Hybrid CEEMDAN-HOA-Transformer-GRU Model for Crude Oil Futures Price Forecasting
T2  - Energy Engineering

PY  - 2026
VL  - 123
IS  - 4
SN  - 1546-0118

AB  - Accurate forecasting of crude oil futures prices is crucial for understanding global energy market dynamics and formulating effective macroeconomic and energy strategies. However, the strong nonlinearity and multi-scale temporal characteristics of crude oil prices pose significant challenges to traditional forecasting methods. To address these issues, this study proposes a hybrid CEEMDAN–HOA–Transformer–GRU model that integrates decomposition, complexity analysis, adaptive modeling, and intelligent optimization. Specifically, Complete Ensemble Empirical Mode Decomposition with Adaptive Noise (CEEMDAN) is employed to decompose the original series into multi-scale components, after which entropy-based complexity analysis quantitatively evaluates each component. A differentiated modeling strategy is then applied: Transformer networks capture long-term dependencies in high-complexity components, while Gated Recurrent Units (GRU) model short-term dynamics in relatively simple components. To further enhance robustness, the Hiking Optimization Algorithm (HOA) is used for joint hyperparameter optimization across both base learners. Empirical analysis of WTI and Brent crude oil futures demonstrates the technical effectiveness of the framework. Compared with benchmark models, the proposed method reduces RMSE by 79.16% for WTI and 77.47% for Brent. Incorporating complexity analysis further decreases RMSE by 36.51% for WTI and 34.93% for Brent, confirming the superior nonlinear modeling capacity and generalization performance of the integrated framework. Overall, this study provides not only a technically reliable tool for modeling complex financial time series but also practical guidance for improving the accuracy and stability of crude oil price forecasting, thereby supporting market monitoring, risk management, and policy formulation.
KW  - Crude oil futures price; CEEMDAN; complexity analysis; transformer; hybrid forecasting model

DO  - 10.32604/ee.2025.072163