• Journal of the Korean Data and Information Science Society
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• v.27 no.6
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• pp.1573-1583
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• 2016

It is necessary to check mutual correlations between related variables because housing prices are influenced by a lot of variables of the economy both internally and externally. In this paper, employing the Granger causality test, we have validated interrelated relationship between the variables. In addition, there is cointegration associations in the results of the cointegration test between the variables. Therefore, an analysis using a vector error correction model including an error correction term has been attempted. As a result of the empirical comparative analysis of the forecasting performance with ARIMA and VAR models, it is confirmed that the forecasting performance by vector error correction model is superior to those of the former two models.

• Journal of the Korean Data and Information Science Society
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• v.22 no.3
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• pp.401-412
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• 2011

This study uses a vector error correction model to analyze the daily time series data of the spot price of EUA (European Union Allowance). As endogenous variables, five variables are considered for the analysis, including prices of crude oil, natural gas, electricity and coal in addition to carbon price. Data period is Phase 2 period (April 21, 2008 to March 31, 2010) to avoid Phase 1 period (2005-2007) where the EUA prices were distorted. Unit-root and cointegration test results reveal that all variables have a unit root and cointegration vectors exist, so a vector error correction model is adopted instead of a vector autoregressive model.

• The Korean Journal of Applied Statistics
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• v.29 no.1
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• pp.61-73
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• 2016

We consider the wild bootstrap Ljung-Box (LB) test for autocorrelation in residuals of fitted multivariate time series models. The asymptotic chi-square distribution under the IID assumption is traditionally used for the LB test; however, size distortion tends to occur in the usage of the LB test, due to the conditional heteroskedasticity of financial time series. In order to overcome such defects, we propose the wild bootstrap LB test for autocorrelation in residuals of fitted vector autoregressive and error correction models. The simulation study and real data analysis are conducted for finite sample performance.

• 전기의세계
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• v.35 no.1
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• pp.20-26
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• 1986

시간오차 및 수수에너지오차의 교정방법은 많은 전력회사(또는 제어지역)이 한개의 대전력계통으로 동작하는 경우에 적용되는 것이므로 단일 회사의 전력계통에는 적용할 수 없다. 다만 한 전력회사계통도 수개의 제어지역으로 나누어질 수도 있으므로 수개의 제어지역이 Tie-line Bias control에 의하여 동작하는 경우에는 적용된다.(a) 시간오차 및 수수에너지오차를 한개 벡터의 두 성분으로 보고, 이를 하나의 제어지역i와 나머지 제어지역의 성분으로 분해가능하다. (b) 벡터 Decomposition은 2차원 Cartesian평면에 도시할 수 있으며 이를 (.epsilon., Ii)평면이라고 하였다. 이 평면에서 Ii=(-Br/6).epsilon.상에 있고, 나머지 제어지역이 지역i에 미치는 벡터성분은 선분 Ii=(Bi/6).epsilon. 상에 있다. (c) 제어지역i단독 또는 나머지 제어지역의 control action이 지역i의 시간오차 및 수수에너지오차에 미치는 영향을 관찰하고 현행 NERC 교정법도 이에 따라 도시하였다. (d) 현행 NERC교정법을 수정한 교정법을 제시하였으며, 두가지 교정법의 Regulation에너지를 비교하고 예시하였다.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.13 no.3
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• pp.305-319
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• 2000

Numerical solution lot frictional contact problems of nonlinearly deformable bodies having large deformation is presented. The contact conditions on the possible contact points are expressed by using the contact error vector, and the iterative scheme is used to reduce the contact error vector monotonically toward zero. At each iteration the solution consists of two steps : The first step is to revise the contact force by using the contact error vector given by the previous geometry, and the second step is to compute the displacement and the contact error vector by solving the equilibrium equation with the contact force given at the first step. Convergence of the iterative scheme to the correct solution is analyzed, and the numerical simulations we performed with a rigid-plastic membrane and a nonlinear elastic beam.

• Journal of Aerospace System Engineering
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• v.10 no.4
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• pp.35-40
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• 2016

Mid-course correction maneuvers (MCCMs) are necessary to correct the launch-vehicle dispersion to go to the Moon. There were 3 or 4 MCCMs needed for a direct transfer trajectory. But the strategy for MCCMs of the phasing-loop trajectory is different, because it has a longer trans-lunar trajectory than direct transfer does. An orbiter using a phasing-loop trajectory has several rotations of the Earth, so the orbiter has several good places, such as perigee and apogee, to correct the launch-vehicle dispersion. Although launch dispersion is relatively high, the launch vehicle is not as accurate as we expected. A good MCCM strategy can overcome the high dispersion by using small-magnitude correction maneuvers. This paper describes the phasing-loops sequence and strategy to correct high launch-vehicle dispersions.

• Korean Journal of Labor Studies
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• v.14 no.2
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• pp.1-21
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• 2008

1989~91년과 2004~7년에 이루어진 법정근로시간 단축이 실근로시간과 고용, 실질임금에 미친 영향을 분석했다. 통상적인 회귀분석과 벡터오차수정 모형을 병행해서 추정한 결과 확인된 사실은 다음과 같다. 첫째, 법정근로시간 단축으로 실근로시간과 월근로일수가 감소했다. 법정근로시간을 10% 단축할 때 실근로시간은 8.0% 감소하고 월근로일수는 3.0% 감소했다. 둘째, 법정근로시간 단축에 따른 실근로시간 단축은 고용증가로 이어졌다. 근로시간을 10% 단축할 때 단기적으로는 고용증가 폭이 미미하지만, 장기적으로 취업자는 8.5%, 노동자는 13.1% 증가했다. 셋째, 실근로시간 단축으로 시간당임금은 증가했다. 즉 실근로시간이 10% 단축될 때 시간당임금은 장기적으로 13.3% 증가했다. 그러나 월임금총액은 유의미한 영향을 받지 않았다.

• Journal of the Korean Data and Information Science Society
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• v.25 no.6
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• pp.1449-1466
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• 2014

In this paper, we consider a hedge portfolio based on futures of underlying asset. A classical way to estimate a hedge ratio for a hedge portfolio of a spot and futures is a regression analysis. However, a regression analysis is not capable of reflecting long-run equilibrium between a spot and futures and volatility clustering in the conditional variance of financial time series. In order to overcome such defects, we analyzed KOSPI200 index and futures using VECM-CC-GARCH model and computed a hedge ratio from the estimated conditional covariance-variance matrix. In real data analysis, we compared a regression and VECM-CC-GARCH models in terms of hedge effectiveness based on variance, value at risk and expected shortfall of log-returns of hedge portfolio. The empirical results show that the multivariate GARCH models significantly outperform a regression analysis and improve hedging effectiveness in the period of high volatility.

• Journal of the Institute of Electronics Engineers of Korea SP
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• v.37 no.5
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• pp.76-83
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• 2000

This paper proposes a new color halftorning method using color correction by vector error diffusion to reduce color difference, necessarily appears on cross-media color reproduction In order to predict output colors on each device, a neural system IS applied and mean prediction errors in device characterization for monitor and printer are defined to calculate the thresholds for color correction Thus, color difference between monitor and printer is compared per each pixel If color difference is larger than the predetermined mean prediction errors, the halftoned dots to the current pixel are rearranged by vector error diffusion The proposed method can reduce the smear artifact by selective vector error diffusion and decrease color difference on cross- media color reproduction by color correction.

• Proceedings of the Safety Management and Science Conference
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• 2002.11a
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• pp.341-364
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• 2002