• The Korean Journal of Applied Statistics
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• v.37 no.2
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• pp.255-263
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• 2024

GDP represents the total market value of goods and services produced by all economic entities, including households, businesses, and governments in a country, during a specific time period. It is a representative economic indicator that helps identify the size of a country's economy and influences government policies, so various studies are being conducted on it. This paper presents a GDP growth rate forecasting model based on a dynamic factor model using key macroeconomic indicators of G20 countries. The extracted factors are combined with various regression analysis methodologies to compare results. Additionally, traditional time series forecasting methods such as the ARIMA model and forecasting using common components are also evaluated. Considering the significant volatility of indicators following the COVID-19 pandemic, the forecast period is divided into pre-COVID and post-COVID periods. The findings reveal that the dynamic factor model, incorporating ridge regression and lasso regression, demonstrates the best performance both before and after COVID.

• Korean Journal of Construction Engineering and Management
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• v.12 no.2
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• pp.111-120
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• 2011

High-rise buildings have recently increased over the residential, commercial and office facilities, thus an understanding of construction cost for high-rise building projects has been a fundamental issue due to enormous construction cost as well as unpredictable market conditions and fluctuations in the rate of inflation by long-term construction periods of high-rise projects. Especially, recent violent fluctuations of construction material prices add to problems in construction cost forecasting. This research, therefore, develops a time-series model with the Box-Jenkins methodologies and material prices time-series data in Korea in order to forecast future trends of unit prices of required materials. BIM (Building Information Modeling) approaches are also used to analyze injection time of construction resources and to conduct quantity takeoff so that total material price can be forecasted. Comparative analysis of Predictability of tentative ARIMA (Autoregressive Integrated Moving Average) models was conducted to determine optimal time-series model for forecasting future price trends. Proposed BIM based time series forecasting model can help to deal with sudden changes in economic conditions by estimating future material prices.

• Journal of Distribution Science
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• v.12 no.2
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• pp.59-71
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• 2014

Purpose - In recent years, many firms have attempted various approaches to cope with the continual increase of aviation transportation. The previous research into freight charge forecasting models has focused on regression analyses using a few influence factors to calculate the future price. However, these approaches have limitations that make them difficult to apply into practice: They cannot respond promptly to small price changes and their predictive power is relatively low. Therefore, the current study proposes a freight charge-forecasting model using time series data instead a regression approach. The main purposes of this study can thus be summarized as follows. First, a proper model for freight charge using the autoregressive integrated moving average (ARIMA) model, which is mainly used for time series forecast, is presented. Second, a modified ARIMA model for freight charge prediction and the standard process of determining freight charge based on the model is presented. Third, a straightforward freight charge prediction model for practitioners to apply and utilize is presented. Research design, data, and methodology - To develop a new freight charge model, this study proposes the ARIMAC(p,q) model, which applies time difference constantly to address the correlation coefficient (autocorrelation function and partial autocorrelation function) problem as it appears in the ARIMA(p,q) model and materialize an error-adjusted ARIMAC(p,q). Cargo Account Settlement Systems (CASS) data from the International Air Transport Association (IATA) are used to predict the air freight charge. In the modeling, freight charge data for 72 months (from January 2006 to December 2011) are used for the training set, and a prediction interval of 23 months (from January 2012 to November 2013) is used for the validation set. The freight charge from November 2012 to November 2013 is predicted for three routes - Los Angeles, Miami, and Vienna - and the accuracy of the prediction interval is analyzed using mean absolute percentage error (MAPE). Results - The result of the proposed model shows better accuracy of prediction because the MAPE of the error-adjusted ARIMAC model is 10% and the MAPE of ARIMAC is 11.2% for the L.A. route. For the Miami route, the proposed model also shows slightly better accuracy in that the MAPE of the error-adjusted ARIMAC model is 3.5%, while that of ARIMAC is 3.7%. However, for the Vienna route, the accuracy of ARIMAC is better because the MAPE of ARIMAC is 14.5% and the MAPE of the error-adjusted ARIMAC model is 15.7%. Conclusions - The accuracy of the error-adjusted ARIMAC model appears better when a route's freight charge variance is large, and the accuracy of ARIMA is better when the freight charge variance is small or has a trend of ascent or descent. From the results, it can be concluded that the ARIMAC model, which uses moving averages, has less predictive power for small price changes, while the error-adjusted ARIMAC model, which uses error correction, has the advantage of being able to respond to price changes quickly.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2021.10a
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• pp.533-535
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• 2021

The differences between this study and previous studies are as follows. First, by building a cloud-based system using IoT technology, the system was built to monitor the status of buildings in real time from anywhere with an internet connection. Second, a model for predicting the future was developed using artificial intelligence (LSTM) and statistical (ARIMA) methods for the measured time series sensor data, and the effectiveness of the proposed prediction model was experimentally verified using a scaled-down building model. Third, a method to analyze the condition of a building more three-dimensionally by visualizing the structural deformation of a building by convergence of multiple sensor data was proposed, and the effectiveness of the proposed method was demonstrated through the case of an actual earthquake-damaged building.

• The Journal of Bigdata
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• v.4 no.2
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• pp.105-114
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• 2019

Missing value replacement is one of the big issues in data analysis. If you ignore the occurrence of the missing value and proceed with the analysis, a bias can occur and give incorrect results for the estimate. In this paper, we need to find and apply an appropriate alternative to missing data from weather data. Through this, we attempted to clarify and compare the simulations for various situations using existing methods such as MICE and MissForest based on R and time series-based models. When comparing these results with each variable, it was determined that the kalman filter of the auto arima model using the ImputeTS package and the MissForest model gave good results in the weather data.

• 한국태양에너지학회:학술대회논문집
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• 2008.11a
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• pp.288-293
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• 2008

A predictive model of wind speed in the wind farm has very important meanings. This paper presents an estimation model of wind speed based on time series analysis using the observed wind data at Hangyeong Wind Farm in Jeju island, and verification of the predictive model. In case of Hangyeong Wind Farm and Haengwon Wind Farm, The ARIMA(Autoregressive Integrated Moving Average) predictive model was appropriate, and the wind speed estimation model was developed by means of parametric estimation using Maximum likelihood Estimation.

• Journal of the Korea Convergence Society
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• v.12 no.12
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• pp.83-91
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• 2021

For agricultural products, supply is irregular due to changes in meteorological conditions, and it has high price elasticity. For example, if the supply decreases by 10%, the price increases by 50%. Due to these fluctuations in the prices of agricultural products, the Korean government guarantees the safety of prices to producers through small merchants' auctions. However, when prices plummet due to overproduction, protection measures for producers are insufficient. Therefore, in this paper, we designed a business model that can be used in the electronic transaction system by predicting the price of agricultural products with an artificial intelligence algorithm. To this end, the trained model with the training pattern pairs and a predictive model was designed by applying ARIMA, SARIMA, RNN, and CNN. Finally, the agricultural product forecast price data was classified into short-term forecast and medium-term forecast and verified. As a result of verification, based on 2018 data, the actual price and predicted price showed an accuracy of 91.08%.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2019.05a
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• pp.330-333
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• 2019

본 연구는 기존 관중 수 예측에 주로 사용되는 ARIMA 모형과 다른 GKFN(Network with Gaussian kernel functions) 모델을 시계열 모델로 제안하고 여러 변수 간의 상관관계를 분석한 MLP(Multilayer Perceptron) 모델을 각각 따로 만들어 두 가지 RMSE값의 가중치를 결합한 새로운 모델을 최종적으로 제안한다. GKFN 모델은 phase space 분석을 위해 smoothness measure를 측정하고 커널 개수를 늘려가며 학습시키는 방법이다. 또한, MLP 모델은 관중 수에 영향을 주는 여러 변수(날짜, 날씨 등 팀과 관련된 특징들)의 상관관계를 correlation coefficient 값을 이용해 분석하고 높은 상관관계를 가지는 변수들을 이용해 MLP 모델을 만들어 학습하는 것이다. 이를 통해 프로야구팀 기아 타이거즈의 일일 단위 관중 수를 예측하고자 하였다. 관중 수 예측을 통해 구단과 관객 모두 긍정적인 활용이 가능할 것이다. 훈련 자료는 2010년부터 2018년까지 9년 동안 기아 타이거즈의 일별 관중 수를 자료로 하였다.

• Journal of KIISE:Information Networking
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• v.37 no.4
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• pp.284-293
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• 2010

For the successful deployment of Mobile Internet, fast handover technologies are essential. For the past few years several handover mechanisms are suggested, and Fast Handover for Proxy Mobile IPv6 (PFMIPv6) is one of the promising schemes for this purpose. In this paper, we propose a novel L2/L3 cross layer handover scheme based on ARIMA prediction model to apply PFMIPv6 to Mobile Internet environment effectively. Performance gains are evaluated in terms of probabilities of predictive-mode operation, handover latencies, packet loss probabilities, and signaling costs. Three mobilities models are used for our simulation: Manhattan Model, Open Area Model, and Freeway Model. Simulation results show that the proposed scheme can increase probabilities of predictive-mode operation and reduce handover latency, packet loss probabilities, and signaling cost.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.18 no.2
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• pp.197-207
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• 2018

SMEs manufacturing Factory, which are small-scale production systems of various types, mass-produce and sell products in order to meet customer needs. This means that the company has an excessive amount of material supply to reduce the loss due to lack of inventory and high inventory maintenance cost. And the products that fail to respond to the demand are piled up in the management warehouse, which is the reality that the storage cost is incurred. To overcome this problem, this paper uses ARIMA model, a time series analysis technique, to predict demand in terms of seasonal factors. In this way, demand forecasting model based on economic order quantity model was developed to prevent stock shortage risk. Simulation is carried out to evaluate the effectiveness of the development model and to demonstrate the effectiveness of the development model as applied to SMEs in the future.