A combination forecasting model based on Support Vector Machine (SVM) whose objective is to minimize the
structure risk, is proposed. The storage failure of two-state materials tends to fail immediately without any recognizable
defeats prior to the failure, which increases the difficulty of forecasting, so the combination forecasting model is often
used to optimize the prediction effect. The core ideas of previous combination forecasting models such as those based on
forecasting error and those based on nonlinear weighted average are finding the optimal weights, but the structure of
forecasting model is fixed. In this paper, three single forecasting models, Weibull distribution statistic method, BP neural
network prediction method and SPFM (Sliding Polynomial Fitting Method) are chosen in which their forecast
mechanisms are completely different. The results of single forecasting methods are used as training set of SVM. By using
libsvm toolbox, we can get the nonlinear mapping functions that have the minimum structure risk. At last, a simulation is
conducted to verify this model by using the data from Petroleum Center.