• Title/Summary/Keyword: ARIMA Forecasting

Search Result 222, Processing Time 0.024 seconds

Time Series Forecasting on Car Accidents in Korea Using Auto-Regressive Integrated Moving Average Model (자동 회귀 통합 이동 평균 모델 적용을 통한 한국의 자동차 사고에 대한 시계열 예측)

  • Shin, Hyunkyung
    • Journal of Convergence for Information Technology
    • /
    • v.9 no.12
    • /
    • pp.54-61
    • /
    • 2019
  • Recently, IITS (intelligent integrated transportation system) has been important topic in Smart City related industry. As a main objective of IITS, prevention of traffic jam (due to car accidents) has been attempted with help of advanced sensor and communication technologies. Studies show that car accident has certain correlation with some factors including characteristics of location, weather, driver's behavior, and time of day. We concentrate our study on observing auto correlativity of car accidents in terms of time of day. In this paper, we performed the ARIMA tests including ADF (augmented Dickey-Fuller) to check the three factors determining auto-regressive, stationarity, and lag order. Summary on forecasting of hourly car crash counts is presented, we show that the traffic accident data obtained in Korea can be applied to ARIMA model and present a result that traffic accidents in Korea have property of being recurrent daily basis.

Statistical Modeling on Weather Parameters to Develop Forest Fire Forecasting System

  • Trivedi, Manish;Kumar, Manoj;Shukla, Ripunjai
    • The Korean Journal of Applied Statistics
    • /
    • v.22 no.1
    • /
    • pp.221-235
    • /
    • 2009
  • This manuscript illustrates the comparative study between ARIMA and Exponential Smoothing modeling to develop forest fire forecasting system using different weather parameters. In this paper, authors have developed the most suitable and closest forecasting models like ARIMA and Exponential Smoothing techniques using different weather parameters. Authors have considered the extremes of the Wind speed, Radiation, Maximum Temperature and Deviation Temperature of the Summer Season form March to June month for the Ranchi Region in Jharkhand. The data is taken by own resource with the help of Automatic Weather Station. This paper consists a deep study of the effect of extreme values of the different parameters on the weather fluctuations which creates forest fires in the region. In this paper, the numerical illustration has been incorporated to support the present study. Comparative study of different suitable models also incorporated and best fitted model has been tested for these parameters.

A Study on the Seasonal Effects of the Tourism Demand Forecasting Models (관광 수요 예측 모형의 계절효과에 대한 연구)

  • Kim, Sahm;Lee, Ju-Hyoung
    • The Korean Journal of Applied Statistics
    • /
    • v.24 no.1
    • /
    • pp.93-102
    • /
    • 2011
  • In this paper, we compared the performance of the several time series models for tourism demand forecasting. We showed that seasonal effects in the data(Japan, China, USA, and Philippines) exist in the tourism data and the forecasting accuracies are compared by the RMSE criterion.

Estimation of Smoothing Constant of Minimum Variance and its Application to Industrial Data

  • Takeyasu, Kazuhiro;Nagao, Kazuko
    • Industrial Engineering and Management Systems
    • /
    • v.7 no.1
    • /
    • pp.44-50
    • /
    • 2008
  • Focusing on the exponential smoothing method equivalent to (1, 1) order ARMA model equation, a new method of estimating smoothing constant using exponential smoothing method is proposed. This study goes beyond the usual method of arbitrarily selecting a smoothing constant. First, an estimation of the ARMA model parameter was made and then, the smoothing constants. The empirical example shows that the theoretical solution satisfies minimum variance of forecasting error. The new method was also applied to the stock market price of electrical machinery industry (6 major companies in Japan) and forecasting was accomplished. Comparing the results of the two methods, the new method appears to be better than the ARIMA model. The result of the new method is apparently good in 4 company data and is nearly the same in 2 company data. The example provided shows that the new method is much simpler to handle than ARIMA model. Therefore, the proposed method would be better in these general cases. The effectiveness of this method should be examined in various cases.

Forecasting the East Sea Rim Container Volume by SARIMA Time Series Model (SARIMA 시계열 모형을 이용한 환동해 물동량 예측)

  • Min-Ju Song;Hee-Yong Lee
    • Korea Trade Review
    • /
    • v.45 no.5
    • /
    • pp.75-89
    • /
    • 2020
  • The purpose of this paper was to analyze the trend of container volume using the Seasonal Autoregressive Intergrated Moving Average (SARIMA) model. To this end, this paper used monthly time-series data of the East Sea Rim from 2001 to 2019. As a result, the SARIMA(2,1,1)12 model was identified as the most suitable model, and the superiority of the SARIMA model was demonstrated by comparative analysis with the ARIMA model. In addition, to confirmed forecasting accuracy of SARIMA model, this paper compares the volume of predict container to the actual volume. According to the forecast for 24 months from 2020 to 2021, the volume of containaer increased from 60,100,000Ton in 2020 to 64,900,000Ton in 2021

Forecasting of Yeongdeok Tourist by Seasonal ARIMA Model (계절 아리마 모형을 이용한 관광객 예측 -경북 영덕지역을 대상으로-)

  • Son, Eun-Ho;Park, Duk-Byeong
    • Journal of Agricultural Extension & Community Development
    • /
    • v.19 no.2
    • /
    • pp.301-320
    • /
    • 2012
  • The study uses a seasonal ARIMA model to forecast the number of tourists of Yeongdeok in an uni-variable time series. The monthly data for time series were collected ranging from 2006 to 2011 with some variation between on-season and off-season tourists in Yeongdeok county. A total of 72 observations were used for data analysis. The forecast multiplicative seasonal ARIMA(1,0,0)$(0,1,1)_{12}$ model was found the most appropriate one. Results showed that the number of tourists was 10,974 thousands in 2012 and 13,465 thousands in 2013, It was suggested that the grasping forecast model is very important in respect of how experts in tourism development in Yeongdeok county, policy makers or planners would establish strategies to allocate service in Yeongdeok tourist destination and provide tourism facilities efficiently.

Application of SARIMA Model in Air Cargo Demand Forecasting: Focussing on Incheon-North America Routes (항공화물수요예측에서 계절 ARIMA모형 적용에 관한 연구: 인천국제공항발 미주항공노선을 중심으로)

  • SUH, Bo Hyoun;YANG, Tae Woong;HA, Hun-Koo
    • Journal of Korean Society of Transportation
    • /
    • v.35 no.2
    • /
    • pp.143-159
    • /
    • 2017
  • For forecasting air cargo demand from Incheon National Airport to all of airports in the United States (US), this study employed the Seasonal Autoregressive Integrated Moving Average (SARIMA) method and the time-series data collected from the first quarter of 2003 to the second quarter of 2016. By comparing the SARIMA method against the ARIMA method, it was found that the SARIMA method performs well, relatively with time series data highlighting seasonal periodic characteristics. While existing previous research was generally focused on the air passenger and the air cargo as a whole rather than specific air routes, this study emphasized on a specific air cargo demand to the US route. The meaningful findings would support the future research.

A Machine Learning Univariate Time series Model for Forecasting COVID-19 Confirmed Cases: A Pilot Study in Botswana

  • Mphale, Ofaletse;Okike, Ezekiel U;Rafifing, Neo
    • International Journal of Computer Science & Network Security
    • /
    • v.22 no.1
    • /
    • pp.225-233
    • /
    • 2022
  • The recent outbreak of corona virus (COVID-19) infectious disease had made its forecasting critical cornerstones in most scientific studies. This study adopts a machine learning based time series model - Auto Regressive Integrated Moving Average (ARIMA) model to forecast COVID-19 confirmed cases in Botswana over 60 days period. Findings of the study show that COVID-19 confirmed cases in Botswana are steadily rising in a steep upward trend with random fluctuations. This trend can also be described effectively using an additive model when scrutinized in Seasonal Trend Decomposition method by Loess. In selecting the best fit ARIMA model, a Grid Search Algorithm was developed with python language and was used to optimize an Akaike Information Criterion (AIC) metric. The best fit ARIMA model was determined at ARIMA (5, 1, 1), which depicted the least AIC score of 3885.091. Results of the study proved that ARIMA model can be useful in generating reliable and volatile forecasts that can used to guide on understanding of the future spread of infectious diseases or pandemics. Most significantly, findings of the study are expected to raise social awareness to disease monitoring institutions and government regulatory bodies where it can be used to support strategic health decisions and initiate policy improvement for better management of the COVID-19 pandemic.

A Study on Application of Neural Network using Genetic Algorithm in Container Traffic Prediction (컨테이너물동량 예측에 있어 유전알고리즘을 이용한 인공신경망 적용에 관한 연구)

  • Shin, Chang-Hoon;Park, Soo-Nam;Jeong, Dong-Hun;Jeong, Su-Hyun
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
    • /
    • 2009.10a
    • /
    • pp.187-188
    • /
    • 2009
  • On this study, the artificial neural network, one of the nonlinear forecasting methods, is compared with ARIMA model through performing a forecast of container traffic. The existing studies have been used the rule of thumb in topology design for network which had a great effect on forecasting performance of the artificial neural network. However, this study applied the genetic algorithm, known as the effectively optimal algorithm in the huge and complex sample space, as the alternative.

  • PDF

A Comparison Study of Forecasting Time Series Models for the Harmful Gas Emission (유해가스 배출량에 대한 시계열 예측 모형의 비교연구)

  • Jang, Moonsoo;Heo, Yoseob;Chung, Hyunsang;Park, Soyoung
    • Journal of the Korean Society of Industry Convergence
    • /
    • v.24 no.3
    • /
    • pp.323-331
    • /
    • 2021
  • With global warming and pollution problems, accurate forecasting of the harmful gases would be an essential alarm in our life. In this paper, we forecast the emission of the five gases(SOx, NO2, NH3, H2S, CH4) using the time series model of ARIMA, the learning algorithms of Random forest, and LSTM. We find that the gas emission data depends on the short-term memory and behaves like a random walk. As a result, we compare the RMSE, MAE, and MAPE as the measure of the prediction performance under the same conditions given to three models. We find that ARIMA forecasts the gas emissions more precisely than the other two learning-based methods. Besides, the ARIMA model is more suitable for the real-time forecasts of gas emissions because it is faster for modeling than the two learning algorithms.