One of the most important bases in the management of catchments and sustainable use of water resources is the prediction of hydrological parameters. In this study, support vector machine (SVM), support vector machine combined with wavelet transform (W-SVM), autoregressive moving average with exogenous variable (ARMAX) model, and autoregressive integrated moving average (ARIMA) models were used to predict monthly values of precipitation, discharge, and evaporation. For this purpose, the monthly time series of rain-gauge, hydrometric, and evaporation-gauge stations located in the catchment area of Hamedan during a 25-year period (1991–2015) were used. Out of this statistical period, 17 years (1991–2007), 4 years (2008–2011), and 4 years (2012–2015) were used for training, calibration, and validation of the models, respectively. The results showed that the ARIMA, SVM, ARMAX, and W-SVM ranked from first to fourth in the monthly precipitation prediction and SVM, ARIMA, ARMAX, and W-SVM were ranked from first to fourth in the monthly discharge and monthly evaporation prediction. It can be said that the SVM has fewer adjustable parameters than other models. Thus, the model is able to predict hydrological changes with greater ease and in less time, because of which it is preferred to other methods.