• Economic Analysis
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• v.27 no.4
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• pp.1-42
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• 2021

The outlook for Korea's consumer price inflation rate has a profound impact not only on the Bank of Korea's operation of the inflation target system but also on the overall economy, including the bond market and private consumption and investment. This study presents the prediction results of consumer price inflation in Korea for the next three years. To this end, first, model selection is performed based on the out-of-sample predictive power of autoregressive distributed lag (ADL) models, AR models, small-scale vector autoregressive (VAR) models, and large-scale VAR models. Since there are many potential predictors of inflation, a Bayesian variable selection technique was introduced for 12 macro variables, and a precise tuning process was performed to improve predictive power. In the case of the VAR model, the Minnesota prior distribution was applied to solve the dimensional curse problem. Looking at the results of long-term and short-term out-of-sample predictions for the last five years, the ADL model was generally superior to other competing models in both point and distribution prediction. As a result of forecasting through the combination of predictions from the above models, the inflation rate is expected to maintain the current level of around 2% until the second half of 2022, and is expected to drop to around 1% from the first half of 2023.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.13 no.4
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• pp.765-773
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• 2009

Currently Telematics traffic information services have been various because we can collect real-time traffic information through Intelligent Transport System. In this paper, we proposed and implemented a short-term traffic information prediction model for giving to guarantee the traffic information with high quality in the near future. A Short-term prediction model is for forecasting traffic flows of each segment in the near future. Our prediction model gives an average speed on the each segment from 5 minutes later to 60 minutes later. We designed a Bayesian network for each segment with some casual nodes which makes an impact to the road situation in the future and found out its joint probability density function on the supposition of GMM(Gaussian Mixture Model) using EM(Expectation Maximization) algorithm with training real-time traffic data. To validate the precision of our prediction model we had conducted various experiments with real-time traffic data and computed RMSE(Root Mean Square Error) between a real speed and its prediction speed. As the result, our model gave 4.5, 4.8, 5.2 as an average value of RMSE about 10, 30, 60 minutes later, respectively.

• Environmental and Resource Economics Review
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• v.19 no.1
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• pp.81-100
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• 2010

This paper measures the impacts of the Korea-China Free Trade Agreement (FTA) on the emissions of carbon dioxide ($CO_2$) in Korean export industries. The Korean industrial exports were forecasted by employing Bayesian Kalman Filter Vector Auto-Regression (BVAR) model. The emissions of $CO_2$ were then estimated by applying the $CO_2$ emission coeffcients on the conditionally forecasted values of export by industries. Under the conditional scenario of the 50% reduction in current tariff rate through FTA between Korea and China, the total $CO_2$ emissions in Korea were expected to increase by 1.96% compared to the BAU (Non FT A) trend at the end of 2010. Another conditional scenario with no tariff after 2012 was also adopted. In this case, the total $CO_2$ emlssions were estimated to increase by 2.06% compared to the BAU up until the end of 2014. These facts imply that the FTA between Korea and China would not result in the significant increase of $CO_2$ emissions in Korea.

• Information Systems Review
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• v.10 no.2
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• pp.137-158
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• 2008

Rapid development of various information technologies creates new opportunities in online and offline markets. In this changing market environment, customers have various demands on new products and services. Therefore, their power and influence on the markets grow stronger each year. Companies have paid great attention to customer relationship management. Especially, personalized product recommendation systems, which recommend products and services based on customer's private information or purchasing behaviors in stores, is an important asset to most companies. CRM is one of the important business processes where reliable information is mined from customer database. Data mining techniques such as artificial intelligence are popular tools used to extract useful information and knowledge from these customer databases. In this research, we propose a recommendation system that predicts customer's purchase intention. Then, customer's purchasing intention of specific product is predicted by using data mining techniques using receipt data set. The performance of this suggested method is compared with that of other data mining technologies.

• Asian-Australasian Journal of Animal Sciences
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• v.33 no.3
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• pp.408-415
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• 2020

Objective: The aim of the paper was to compare the fit of data derived from daily automatic milking systems (AMS) and monthly test-day records with the use of lactation curves; data was analysed separately for primiparas and multiparas. Methods: The study was carried out on three Polish Holstein-Friesians (PHF) dairy herds. The farms were equipped with an automatic milking system which provided information on milking performance throughout lactation. Once a month cows were also subjected to test-day milkings (method A4). Most studies described in the literature are based on test-day data; therefore, we aimed to compare models based on both test-day and AMS data to determine which mathematical model (Wood or Wilmink) would be the better fit. Results: Results show that lactation curves constructed from data derived from the AMS were better adjusted to the actual milk yield (MY) data regardless of the lactation number and model. Also, we found that the Wilmink model may be a better fit for modelling the lactation curve of PHF cows milked by an AMS as it had the lowest values of Akaike information criterion, Bayesian information criterion, mean square error, the highest coefficient of determination values, and was more accurate in estimating MY than the Wood model. Although both models underestimated peak MY, mean, and total MY, the Wilmink model was closer to the real values. Conclusion: Models of lactation curves may have an economic impact and may be helpful in terms of herd management and decision-making as they assist in forecasting MY at any moment of lactation. Also, data obtained from modelling can help with monitoring milk performance of each cow, diet planning, as well as monitoring the health of the cow.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.12 no.5
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• pp.229-235
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• 2012

Forex trading participants, due to the intensified economic internationalization exchange risk avoidance measures are needed. In this research, Model suitable for estimation of time-series data, such as stock prices and exchange rates, through the concealment of HMM and estimate the short-term exchange rate forecasting model is applied to the prediction of the future. Estimated by applying the optimal model if the real exchange rate data for a certain period of the future will be able to predict the movement aspect of it. Alleged concealment of HMM. For the estimation of the model to accurately estimate the number of states of the model via Bayesian Information Criterion was confirmed as a model predictive aspect of physical exercise aspect and predict the movement of the two curves were similar.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2012.10a
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• pp.547-549
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• 2012

Forex trading participants, due to the intensified economic internationalization exchange risk avoidance measures are needed. In this research, Model suitable for estimation of time-series data, such as stock prices and exchange rates, through the concealment of HMM and estimate the short-term exchange rate forecasting model is applied to the prediction of the future. Estimated by applying the optimal model if the real exchange rate data for a certain period of the future will be able to predict the movement aspect of it. Alleged concealment of HMM. For the estimation of the model to accurately estimate the number of states of the model via Bayesian Information Criterion was confirmed as a model predictive aspect of physical exercise aspect and predict the movement of the two curves were similar.

• Proceedings of the Korea Water Resources Association Conference
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• 2021.06a
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• pp.392-392
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• 2021

자료동화(data assimilation) 기법은 관측 자료와 예측 모형의 정보를 동시에 활용, 모형의 상태량(state variables)이나 매개변수(model parameters)를 실시간으로 업데이트하는 Bayesian 필터링 이론에 근거한 방법으로, 최근 이를 활용한 수문 모의 정확도 향상 기술이 빠르게 발전하고 있다. 본 연구에서는 앙상블 자료동화의 정확성을 향상시키기 위한 세부 방법인 along-the-stream localization과 inflation 기법의 분포형 수문 모형에 대한 적용성을 대규모 지역 단위(regional-scale) 모의를 통해 검토한다. 분포형 수문모형과 자료동화 framework로는 WRF-Hydro(Weather Research and Forecasting Model Hydrological Modeling System)와 DART(Data Assimilation Research Testbed)를 각각 적용한다. WRF-Hydro는 미국의 전 대륙지역(CONUS; continental United States)에 대한 수문 모델링 framework인 National Water Model의 핵심엔진이고, DART는 미국 National Center for Atmospheric Research(NCAR) 연구소에서 개발한 범용 자료동화 도구이다. 본 연구에서는 지표수 수문모형의 자료동화를 위해 개발된 기법인 along-the-stream localization과 inflation 기법이 하도 추적에 미치는 영향을 분석한다. along-the stream localization 기법은 공간적 근접도 외에 하도의 수문학적 연관관계를 고려하는 localization 기법으로, 상대적으로 수문학적 상관도가 떨어지는 하도에 대한 과도한 자료동화를 줄여줄 수 있다. inflation 기법은 앙상블의 다양성을 증가시키는 기법으로, 칼만 필터(Kalman filter)에 의한 업데이트의 이전이나 이후 적용하여 앙상블 예측의 정확도를 추가적으로 향상시킬 수 있다. 본 고에서는 앙상블 자료동화 기법을 지표수 수문 모의에 적용할 경우 남아 있는 난제와 적용 가능한 방법에 대해 중점적으로 논의한다.

• Journal of Korean Society of Transportation
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• v.18 no.5
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• pp.83-97
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• 2000

The traffic management schemes through traffic signal control and information provision could be effective when the link-level data and trip-level data were used simultaneously in analysis Procedures. But, because the trip-level data. such as origin, destination and departure time, can not be obtained through the existing surveillance systems directly. It is needed to estimate it using the link-level data which can be obtained easily. Therefore the objective of this study is to develop the model to estimate O-D demand using only the link flows in highway network as a real time. The methodological approaches in this study are kalman filer, least-square method and normalized least-square method. The kalman filter is developed in the basis of the bayesian update. The normalized least-square method is developed in the basis of the least-square method and the natural constraint equation. These three models were experimented using two kinds of simulated data. The one has two abrupt changing Patterns in traffic flow rates The other is a 24 hours data that has three Peak times in a day Among these models, kalman filer has Produced more accurate and adaptive results than others. Therefore it is seemed that this model could be used in traffic demand management. control, travel time forecasting and dynamic assignment, and so forth.

• Journal of the Korean Data and Information Science Society
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• v.27 no.3
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• pp.587-598
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• 2016

In predicting an outcome of election using a variety of methods ahead of the election, non-response is one of the major issues. Therefore, to address the non-response issue, a variety of methods of non-response imputation may be employed, but the result of forecasting tend to vary according to methods. In this study, in order to improve electoral forecasts, we studied a model based method of non-response imputation attempting to apply the Monte Carlo Expectation Maximization (MCEM) algorithm, introduced by Wei and Tanner (1990). The MCEM algorithm using maximum likelihood estimates (MLEs) is applied to solve the boundary solution problem under the non-ignorable non-response mechanism. We performed the simulation studies to compare estimation performance among MCEM, maximum likelihood estimation, and Bayesian estimation method. The results of simulation studies showed that MCEM method can be a reasonable candidate for non-response model estimation. We also applied MCEM method to the Korean presidential election exit poll data of 2012 and investigated prediction performance using modified within precinct error (MWPE) criterion (Bautista et al., 2007).