• Journal of Korean Society of Industrial and Systems Engineering
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• v.7 no.10
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• pp.47-51
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• 1984

In many forecasting problem, there is little or no useful historical information available at the time the initial forecast is required, The propose of this paper is study on Bayesian Method in forecasting. I : Introduction. II : Bayesian estimation. III : Constant Model. IV : General time series Models. V : Conclusion. The Bayesian procedure are then used to revise parameter estimates when time series information is available, in this paper we give a general description of the bayesian approach and demonstrate the methodology with several specific cases.

• Communications for Statistical Applications and Methods
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• v.24 no.1
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• pp.67-80
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• 2017

Over the last few decades, ensemble forecasts based on global climate models have become an important part of climate forecast due to the ability to reduce uncertainty in prediction. Moreover in ensemble forecast, assessing the prediction uncertainty is as important as estimating the optimal weights, and this is achieved through a probabilistic forecast which is based on the predictive distribution of future climate. The Bayesian model averaging has received much attention as a tool of probabilistic forecasting due to its simplicity and superior prediction. In this paper, we propose a new Bayesian model averaging method for probabilistic ensemble forecasting. The proposed method combines a deterministic ensemble forecast based on a multivariate regression approach with Bayesian model averaging. We demonstrate that the proposed method is better in prediction than the standard Bayesian model averaging approach by analyzing monthly average precipitations and temperatures for ten cities in Korea.

• Communications for Statistical Applications and Methods
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• v.31 no.3
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• pp.323-336
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• 2024

The accurate forecasting of insurance claims is a critical component for insurers' risk management decisions. Hierarchical Bayesian parametric (BP) models can be used for health insurance claims forecasting, but they are unsatisfactory to describe the claims distribution. Therefore, Bayesian nonparametric (BNP) models can be a more suitable alternative to deal with the complex characteristics of the health insurance claims distribution, including heavy tails, skewness, and multimodality. In this study, we apply both a BP model and a BNP model to predict group health claims using simulated and real-world data for a private life insurer in Indonesia. The findings show that the BNP model outperforms the BP model in terms of claims prediction accuracy. Furthermore, our analysis highlights the flexibility and robustness of BNP models in handling diverse data structures in health insurance claims.

• Korea Trade Review
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• v.47 no.5
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• pp.21-37
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• 2022

Baltic Dry Index (BDI) is difficult to forecast because of the high volatility and complexity. To improve the BDI forecasting ability, this study apply Bayesian variable selection method with a large number of predictors. Our estimation results based on the BDI and all predictors from January 2000 to September 2021 indicate that the out-of-sample prediction ability of the ADL model with the variable selection is superior to that of the AR model in terms of point and density forecasting. We also find that critical predictors for the BDI change over forecasts horizon. The lagged BDI are being selected as an key predictor at all forecasts horizon, but commodity price, the clarksea index, and interest rates have additional information to predict BDI at mid-term horizon. This implies that time variations of predictors should be considered to predict the BDI.

• Journal of Institute of Control, Robotics and Systems
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• v.19 no.10
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• pp.901-906
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• 2013

Chaff is a kind of matter spreading atmosphere with the purpose of preventing aircraft from detecting by radar. The chaff is commonly composed of small aluminum pieces, metallized glass fiber, or other lightweight strips which consists of reflecting materials. The chaff usually appears on the radar images as narrow bands shape of highly reflective echoes. And the chaff echo has similar characteristics to precipitation echo, and it interrupts weather forecasting process and makes forecasting accuracy low. In this paper, the chaff echo recognizing and removing method is suggested using Bayesian network. After converting coordinates from spherical to Cartesian in UF (Universal Format) radar data file, the characteristics of echoes are extracted by spatial and temporal clustering. And using the data, as a result of spatial and temporal clustering, a classification process for analyzing is performed. Finally, the inference system using Bayesian network is applied. As a result of experiments with actual radar data in real chaff echo appearing case, it is confirmed that Bayesian network can distinguish between chaff echo and non-chaff echo.

• Smart Structures and Systems
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• v.21 no.5
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• pp.705-713
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• 2018

High-speed rail (HSR) has been in operation and development in many countries worldwide. The explosive growth of HSR has posed great challenges for operation safety and ride comfort. Among various technological demands on high-speed trains, vibration is an inevitable problem caused by rail/wheel imperfections, vehicle dynamics, and aerodynamic instability. Ride comfort is a key factor in evaluating the operational performance of high-speed trains. In this study, online monitoring data have been acquired from an in-service high-speed train for condition assessment. The measured dynamic response signals at the floor level of a train cabin are processed by the Sperling operator, in which the ride comfort index sequence is used to identify the train's operation condition. In addition, a novel technique that incorporates salient features of Bayesian inference and time series analysis is proposed for outlier detection and change detection. The Bayesian forecasting approach enables the prediction of conditional probabilities. By integrating the Bayesian forecasting approach with time series analysis, one-step forecasting probability density functions (PDFs) can be obtained before proceeding to the next observation. The change detection is conducted by comparing the current model and the alternative model (whose mean value is shifted by a prescribed offset) to determine which one can well fit the actual observation. When the comparison results indicate that the alternative model performs better, then a potential change is detected. If the current observation is a potential outlier or change, Bayes factor and cumulative Bayes factor are derived for further identification. A significant change, if identified, implies that there is a great alteration in the train operation performance due to defects. In this study, two illustrative cases are provided to demonstrate the performance of the proposed method for condition assessment of high-speed trains.

• Proceedings of the Korea Water Resources Association Conference
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• 2022.05a
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• pp.134-134
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• 2022

Streamflow forecasting plays a crucial role in water resource control, especially in highly urbanized areas that are very vulnerable to flooding during heavy rainfall event. In addition to providing the accurate prediction, the evaluation of effects and importance of the input predictors can contribute to water manager. Recently, machine learning techniques have applied their advantages for modeling complex and nonlinear hydrological processes. However, the techniques have not considered properly the importance and uncertainty of the predictor variables. To address these concerns, we applied the GA-BART, that integrates a genetic algorithm (GA) with the Bayesian additive regression tree (BART) model for hourly streamflow forecasting and analyzing input predictors. The Jungrang urban basin was selected as a case study and a database was established based on 39 heavy rainfall events during 2003 and 2020 from the rain gauges and monitoring stations. For the goal of this study, we used a combination of inputs that included the areal rainfall of the subbasins at current time step and previous time steps and water level and streamflow of the stations at time step for multistep-ahead streamflow predictions. An analysis of multiple datasets including different input predictors was performed to define the optimal set for streamflow forecasting. In addition, the GA-BART model could reasonably determine the relative importance of the input variables. The assessment might help water resource managers improve the accuracy of forecasts and early flood warnings in the basin.

• Proceedings of the KIEE Conference
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• 2003.11c
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• pp.588-591
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• 2003

This paper presents a new short-term load forecasting system using data mining. Since the electric load has very different pattern according to the day, it definitely gives rise to the forecasting error if only one forecasting model is used. Thus, to resolve this problem, the fuzzy model-based classifier and predictor are proposed for the forecasting of the hourly electric load. The proposed classifier is the multi-input and multi-output fuzzy system of which the consequent part is composed of the Bayesian classifier. The proposed classifier attempts to categorize the input electric load into Monday, Tuesday$\sim$Friday, Saturday, and Sunday electric load, Then, we construct the Takagi-Sugeno (T-S) fuzzy model-based predictor for each class. The parameter identification problem is converted into the generalized eigenvalue problem (GEVP) by formulating the linear matrix inequalities (LMIs). Finally, to show the feasibility of the proposed method, this paper provides the short-term load forecasting example.

• Journal of the Korean Operations Research and Management Science Society
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• v.31 no.2
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• pp.157-167
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• 2006

Estimating the effects of price increase on a company's sales is important task faced by managers. If consumer has prior information on price increase or expects it, there would be stockpiling and subsequent drops in sales. In addition, consumer can suppress demand in the short run. These factors make the sales dynamic and unstable. In this paper we develop a time series model to evaluate the sales patterns with stockpiling and short-term suppression of demand and also propose a forecasting procedure. For estimation, we use panel data and extend the model to Bayesian hierarchical structure. By borrowing strength across cross-sectional units, this estimation scheme gives more robust and reasonable result than one from the individual estimation. Furthermore, the proposed scheme yields improved predictive power in the forecasting of hold-out sample periods.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.38 no.5
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• pp.655-669
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• 2018

In this study, we developed a hybrid forecasting model based on a four-parameter distribution which allows a simultaneous season-ahead forecasting for both seasonal rainfall and sub-daily rainfall in Han-River and Geum-River basins. The proposed model is mainly utilized a set of time-varying predictors and the associated model parameters were estimated within a Bayesian nonstationary rainfall frequency framework. The hybrid forecasting model was validated through an cross-validatory experiment using the recent rainfall events during 2014~2017 in both basins. The seasonal precipitation results showed a good agreement with the observations, which is about 86.3% and 98.9% in Han-River basin and Geum-River basin, respectively. Similarly, for the extreme rainfalls at sub-daily scale, the results showed a good correspondence between the observed and simulated rainfalls with a range of 65.9~99.7%. Therefore, it can be concluded that the proposed model could be used to better consider climate variability at multiple time scales.