• Title/Summary/Keyword: ARIMA Model

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Development of Traffic Accident Forecasting Model in Pusan (부산시 교통사고예측모형의 개발)

  • 이일병;임현정
    • Journal of Korean Society of Transportation
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    • v.10 no.3
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    • pp.103-122
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    • 1992
  • The objective of this research is to develop a traffic accident forecasting model using traffic accident data in pusan from 1963 to 1991 and then to make short-term forecasts('93~'94) of traffic accidents in pusan. In this research, several forecasting models are developed. They include a multiple regression model, a time-series ARIMA model, a Logistic curve model, and a Gompertz curve model. Among them, the model which shows the most significance in forecasting accuracy is selected as the traffic accident forecasting model. The results of this research are as followings. 1. The existing model such as Smeed model which was developed for foreign countries shows only 47.8% explanation for traffic accident deaths in Korea. 2. A nonliner regression model ($R^2$=0.9432) and a Logistic curve model are appeared to be th gest forecasting models for the number of traffic accidents, and a Logistic curve model shows th most significance in predicting the accident deaths and injuries. 3. The forecasting figures of the traffic accidents in pusan are as followings: . In 1993, 31, 180 accidents are predicted to happen, and 430 persons are predicted to be deaths and 29, 680 persons are predicated to be injuries. . In 1994, 33, 710 accidents are predicted to happen, and 431.persons are predicted to be deat! and 30, 510 persons are predicted to be injuried. Therefore, preventive measures against traffic accidents are certainly required.

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A study on the forecasting models using housing price index (주택가격지수 예측모형에 관한 비교연구)

  • Lim, Seong Sik
    • Journal of the Korean Data and Information Science Society
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    • v.25 no.1
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    • pp.65-76
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    • 2014
  • Housing prices are influenced by external shock factors such as real estate policy or economy. Thus, the intervention effect is important for the development of forecasting model for housing price index. In this paper, we examined the degree of effective power of external shock factors for forecasting housing price index and analyzed time series models for efficient forecasting of housing price index. It is shown that intervention models are better than other models in forecasting results using real data based on the accuracy criteria.

Forecasting of building construction cost variation using BCCI and it's application (건축공사비지수를 이용한 건설물가 변동분석 및 공사비 실적자료 활용방안 연구)

  • Cho Hun Hee;Kang Kyung In;Kim Chang Duk;Cho moon Young
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.64-71
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    • 2002
  • This research developed construction cost forecasting model using Building Construction Cost Index, time series analysis and Artificial Neural Networks. By this model, we could calculate the forecasted values of construction cost precisely and efficiently. And we also could find out that the standard deviation of forecasted values is 0.375 and it is a very exact result, so the standard deviation is just 0.33 percent of 112.28, the average of Building Construction Cost Index. And it show more exact forecasting result in comparison with Time Series Analysis.

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Exploratory data analysis for Korean daily exchange rate data with recurrence plots (재현그림을 통한 우리나라 환율 자료에 대한 탐색적 자료분석)

  • Jang, Dae-Heung
    • Journal of the Korean Data and Information Science Society
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    • v.24 no.6
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    • pp.1103-1112
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    • 2013
  • Exploratory data analysis focuses mostly on data exploration instead of model fitting. We can use the recurrence plot as a graphical exploratory data analysis tool. With the recurrence plot, we can obtain the structural pattern of the time series and recognize the structural change points in time series at a glance.

Electricity Price Forecasting in Ontario Electricity Market Using Wavelet Transform in Artificial Neural Network Based Model

  • Aggarwal, Sanjeev Kumar;Saini, Lalit Mohan;Kumar, Ashwani
    • International Journal of Control, Automation, and Systems
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    • v.6 no.5
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    • pp.639-650
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    • 2008
  • Electricity price forecasting has become an integral part of power system operation and control. In this paper, a wavelet transform (WT) based neural network (NN) model to forecast price profile in a deregulated electricity market has been presented. The historical price data has been decomposed into wavelet domain constitutive sub series using WT and then combined with the other time domain variables to form the set of input variables for the proposed forecasting model. The behavior of the wavelet domain constitutive series has been studied based on statistical analysis. It has been observed that forecasting accuracy can be improved by the use of WT in a forecasting model. Multi-scale analysis from one to seven levels of decomposition has been performed and the empirical evidence suggests that accuracy improvement is highest at third level of decomposition. Forecasting performance of the proposed model has been compared with (i) a heuristic technique, (ii) a simulation model used by Ontario's Independent Electricity System Operator (IESO), (iii) a Multiple Linear Regression (MLR) model, (iv) NN model, (v) Auto Regressive Integrated Moving Average (ARIMA) model, (vi) Dynamic Regression (DR) model, and (vii) Transfer Function (TF) model. Forecasting results show that the performance of the proposed WT based NN model is satisfactory and it can be used by the participants to respond properly as it predicts price before closing of window for submission of initial bids.

Short-term Predictive Models for Influenza-like Illness in Korea: Using Weekly ILI Surveillance Data and Web Search Queries (한국 인플루엔자 의사환자 단기 예측 모형 개발: 주간 ILI 감시 자료와 웹 검색 정보의 활용)

  • Jung, Jae Un
    • Journal of Digital Convergence
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    • v.16 no.9
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    • pp.147-157
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    • 2018
  • Since Google launched a prediction service for influenza-like illness(ILI), studies on ILI prediction based on web search data have proliferated worldwide. In this regard, this study aims to build short-term predictive models for ILI in Korea using ILI and web search data and measure the performance of the said models. In these proposed ILI predictive models specific to Korea, ILI surveillance data of Korea CDC and Korean web search data of Google and Naver were used along with the ARIMA model. Model 1 used only ILI data. Models 2 and 3 added Google and Naver search data to the data of Model 1, respectively. Model 4 included a common query used in Models 2 and 3 in addition to the data used in Model 1. In the training period, the goodness of fit of all predictive models was higher than 95% ($R^2$). In predictive periods 1 and 2, Model 1 yielded the best predictions (99.98% and 96.94%, respectively). Models 3(a), 4(b), and 4(c) achieved stable predictability higher than 90% in all predictive periods, but their performances were not better than that of Model 1. The proposed models that yielded accurate and stable predictions can be applied to early warning systems for the influenza pandemic in Korea, with supplementary studies on improving their performance.

Comparative Usefulness of Naver and Google Search Information in Predictive Models for Youth Unemployment Rate in Korea (한국 청년실업률 예측 모형에서 네이버와 구글 검색 정보의 유용성 분석)

  • Jung, Jae Un
    • Journal of Digital Convergence
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    • v.16 no.8
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    • pp.169-179
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    • 2018
  • Recently, web search query information has been applied in advanced predictive model research. Google dominates the global web search market in the Korean market; however, Naver possesses a dominant market share. Based on this characteristic, this study intends to compare the utility of the Korean web search query information of Google and Naver using predictive models. Therefore, this study develops three time-series predictive models to estimate the youth unemployment rate in Korea using the ARIMA model. Model 1 only used the youth unemployment rate in Korea, whereas Models 2 and 3 added the Korean web search query information of Naver and Google, respectively, to Model 1. Compared to the predictability of the models during the training period, Models 2 and 3 showed better fit compared with Model 1. Models 2 and 3 correlated different query information. During predictive periods 1 (continuous with the training period) and 2 (discontinuous with the training period), Model 3 showed the best performance. During predictive period 2, only Model 3 exhibited a significant prediction result. This comparative study contributes to a general understanding of the usefulness of Korean web query information using the Naver and Google search engines.

Comparing Monthly Precipitation Predictions Using Time Series Analysis with Deep Learning Models (시계열 분석 및 딥러닝 모형을 활용한 월 강수량 예측 비교)

  • Chung, Yeon-Ji;Kim, Min-Ki;Um, Myoung-Jin
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.44 no.4
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    • pp.443-463
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    • 2024
  • This study sought to improve the accuracy of precipitation prediction by utilizing monthly precipitation data for each region over the past 30 years. Using statistical models (ARIMA, SARIMA) and deep learning models (LSTM, GBM), we learned monthly precipitation data from 1983 to 2012 in Gangneung, Gwangju, Daegu, Daejeon, Busan, Seoul, Jeju, and Chuncheon. Based on this, monthly precipitation was predicted for 10 years from 2013 to 2022. As a result of the prediction, most models accurately predicted the precipitation trend, but showed a tendency to underpredict the actual precipitation. To solve these problems, appropriate models were selected for each region and season. The LSTM model showed suitable results in Gangneung, Gwangju, Daegu, Daejeon, Busan, Seoul, Jeju, and Chuncheon. When comparing forecasting power by season, the SARIMA model showed particularly suitable forecasting performance in winter in Gangneung, Gwangju, Daegu, Daejeon, Seoul, and Chuncheon. Additionally, the LSTM model showed higher performance than other models in the summer when precipitation is concentrated. In conclusion, closely analyzing regional and seasonal precipitation patterns and selecting the optimal prediction model based on this plays a critical role in increasing the accuracy of precipitation prediction.

KOSPI directivity forecasting by time series model (시계열 모형을 이용한 주가지수 방향성 예측)

  • Park, In-Chan;Kwon, O-Jin;Kim, Tae-Yoon
    • Journal of the Korean Data and Information Science Society
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    • v.20 no.6
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    • pp.991-998
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    • 2009
  • This paper deals with directivity forecasting of time series which is useful for futures trading in stock market. Directivity forecasting of time series is to forecast whether a given time series will rise or fall at next observation time point. For directional forecasting, we consider time regression model and ARIMA model. In particular, we study two statistics, intra-model and extra-model deviation and then show usefulness of intra-model deviation.

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A Fitness Verification of Time Series Models for Network Traffic Predictions (네트워크 트래픽 예측을 위한 시계열 모형의 적합성 검증)

  • 정상준;김동주;권영헌;김종근
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.29 no.2B
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    • pp.217-227
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    • 2004
  • With a rapid growth in the Internet technology, the network traffic is increasing swiftly. As for the increase of traffic, it had a large influence on performance of a total network. Therefore, a traffic management became an important issue of network management. In this paper, we study a forecast plan of network traffic in order to analyze network traffic and to establish efficient correspondence. We use time series forecast models and determine fitness whether the model can forecast network traffic exactly. In order to predict a model, AR, MA, ARMA, and ARIMA must be applied. The suitable model can be found that can express the nature of traffic for the forecast among these models. We determines whether it is satisfied with stationary in the assumption step of the model. The stationary can get the results by using ACF(Auto Correlation Function) and PACF(Partial Auto Correlation Function). If the result of this function cannot satisfy then the forecast model is unsuitable. Therefore, we are going to get the correct model that is to satisfy stationary assumption. So, we proposes a way to classify in order to get time series materials to satisfy stationary. The correct prediction method is managed traffic of a network with a way to be better than now. It is possible to manage traffic dynamically if it can be used.