• Communications for Statistical Applications and Methods
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• v.29 no.1
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• pp.1-25
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• 2022

A modified Bagdonavičius-Nikulin chi-square goodness-of-fit is defined and studied. The lymphoma data is analyzed using the modified goodness-of-fit test statistic. Different non-Bayesian estimation methods under complete samples schemes are considered, discussed and compared such as the maximum likelihood least square estimation method, the Cramer-von Mises estimation method, the weighted least square estimation method, the left tail-Anderson Darling estimation method and the right tail Anderson Darling estimation method. Numerical simulation studies are performed for comparing these estimation methods. The potentiality of the new model is illustrated using three real data sets and compared with many other well-known generalizations.

• Korean Journal of Construction Engineering and Management
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• v.17 no.5
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• pp.13-21
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• 2016

Insolvency of construction companies that play the role of main contractors can lead to clients' losses due to non-fulfillment of construction contracts, and it can have negative effects on the financial soundness of construction companies and suppliers. The construction industry has the cash flow financial characteristic of receiving a project and getting payment based on the progress of the construction. As such, insolvency during project progress can lead to financial losses, which is why the prediction of construction companies is so important. The prediction of insolvency of Korean construction companies are often made through the KMV model from the KMV (Kealhofer McQuown and Vasicek) Company developed in the U.S. during the early 90s, but this model is insufficient in predicting construction companies because it was developed based on credit risk assessment of general companies and banks. In addition, the predictive performance of KMV value's insolvency probability is continuously being questioned due to lack of number of analyzed companies and data. Therefore, in order to resolve such issues, the Bayesian Probabilistic Approach is to be combined with the existing insolvency predictive probability model. This is because if the Prior Probability of Bayesian statistics can be appropriately predicted, reliable Posterior Probability can be predicted through ensured conditionality on the evidence despite the lack of data. Thus, this study is to measure the Expected Default Frequency (EDF) by utilizing the Bayesian Probabilistic Approach with the existing insolvency predictive probability model and predict the accuracy by comparing the result with the EDF of the existing model.

• Journal of the Korean Association of Geographic Information Studies
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• v.19 no.4
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• pp.36-51
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• 2016

This study assessed urban flood risk using a Bayesian probability statistical method and GIS incorporating a climate change scenario. Risk is assessed based on a combination of hazard probability and its consequences, the degree of impact. Flood probability was calculated on the basis of a Bayesian model and future flood occurrence likelihoods were estimated using climate change scenario data. The flood impacts include human and property damage. Focusing on Seocho-gu, Seoul, the findings are as follows. Current flood probability is high in areas near rivers, as well as low lying and impervious areas, such as Seocho-dong and Banpo-dong. Flood risk areas are predicted to increase by a multiple of 1.3 from 2030 to 2050. Risk assessment results generally show that human risk is relatively high in high-rise residential zones, whereas property risk is high in commercial zones. The magnitude of property damage risk for 2050 increased by 6.6% compared to 2030. The proposed flood risk assessment method provides detailed spatial results that will contribute to decision making for disaster mitigation.

• The Korean Journal of Applied Statistics
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• v.27 no.5
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• pp.705-715
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• 2014

Metabolic syndrome is a major factor for cardiovascular disease that can develop into a variety of complications such as stroke disease. This study utilizes a Bayesian network to model metabolic syndrome. In addition, we tried to find the best risk combinations to diagnose metabolic syndrome. We confirmed that the combinations are difference according to individual characteristics. The paper used data from 4,489 adults who responded to all health interview questions from the the $5^{th}$ Korea National Health and Nutrition Examination Survey conducted in 2010.

• The Korean Journal of Applied Statistics
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• v.27 no.6
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• pp.1069-1076
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• 2014

Rainfall weather patterns have changed due to global warming and sudden heavy rainfalls have become more frequent. Economic loss due to heavy rainfall has increased. We study the generalized Pareto distribution for modelling rainfall in Seoul based on data from 1973 to 2008. We use several priors including Jeffrey's noninformative prior and Gibbs sampling method to derive Bayesian posterior predictive distributions. The probability of heavy rainfall has increased over the last ten years based on estimated posterior predictive distribution.

• The Korean Journal of Applied Statistics
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• v.22 no.3
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• pp.443-461
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• 2009

In order to overcome the lack of Korean credit rating migration data, we consider an empirical Bayes procedure to estimate credit rating migration matrices. We derive the posterior probabilities of Korean credit rating transitions by utilizing the Moody's rating migration data and the credit rating assignments from Korean rating agency as prior information and likelihood, respectively. Metrics based upon the average transition probability are developed to characterize the migration matrices and compare our Bayesian migration matrices with some given matrices. Time series data for the metrics show that our Bayesian matrices are stable, while the matrices based on Korean data have large variation in time. The bootstrap tests demonstrate that the results from the three estimation methods are significantly different and the Bayesian matrices are more affected by Korean data than the Moody's data. Finally, Monte Carlo simulations for computing the values of a portfolio and its credit VaRs are performed to compare these migration matrices.

• 한국데이터정보과학회:학술대회논문집
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• 2006.04a
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• pp.1-6
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• 2006

We consider the issue of Bayesian prediction of the unobservable random effects, And we characterize priors that ensure approximate frequentist validity of posterior quantiles of unobservable random effects. Finally we show that the probability matching criteria for prediction of unobservable random effects in one-way random ANOVA model.

• Journal of the Korean Statistical Society
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• v.7 no.1
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• pp.11-16
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• 1978

Bayesian procedures are in vogue to revise the parameter estimates of the forecasting model in the light of actual time series data. In this paper, we study the Bayes forecast for demand and the risk when (a) 'noise' and (b) mean demand rate in a constant process model have moderately non-normal probability distributions.

• Journal of the Korean Data and Information Science Society
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• v.27 no.5
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• pp.1155-1168
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• 2016

This paper considers a probability density estimation problem of climate values. In particular, we focus on estimating probability densities of summer extreme temperature over South Korea. It is known that the probability density of climate values at one location is similar to those at near by locations and one doesn't follow well known parametric distributions. To accommodate these properties, we use a mixture of conditional autoregressive species sampling model, which is a nonparametric Bayesian model with a spatial dependency. We apply the model to a dataset consisting of summer maximum temperature and minimum temperature over South Korea. The dataset is obtained from University of East Anglia.

• 한국데이터정보과학회:학술대회논문집
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• 2005.10a
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• pp.27-34
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• 2005

We consider the problem of estimating the system reliability noninformative priors when both stress and strength follow generalized gamma distributions. We first derive Jeffreys' prior, group ordering reference priors, and matching priors. We investigate the propriety of posterior distributions and provide marginal posterior distributions under those noninformative priors. We also examine whether the reference priors satisfy the probability matching criterion.