• Journal of the Korea Convergence Society
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• v.13 no.5
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• pp.237-247
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• 2022

This study predicts the economic activity level of the elderly in Korea using various machine learning methods. While the previous studies mainly focused on testing the relationship between the economic activity level and the life satisfaction or the social security system, this study aims at the accurate prediction on the economic activity level of the elderly using various machine learning methods and the forecast combination. Dependent variables such as the activity rate, employment rate, etc and independent variables such as the income, average wage, etc compose the dataset in this study. Five different machine learning methods and two forecast combinations are applied to the given dataset. The prediction performances of the machine learning method and the forecast combination varied across the dependent variables and prediction intervals, but it was found that the forecast combination was relatively superior to other methods in terms of the stability of prediction. This study has significance in that it accurately predicted the economic activity level of the elderly and achieved the stability of the prediction, raising practicality from a policy perspective.

• Journal of Korea Water Resources Association
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• v.39 no.9 s.170
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• pp.801-812
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• 2006

In this study, Combined Drought Index which can monitor the drought severity and intensity has been developed using PDSI, SPI and MSWSI. To verify the accuracy and applicability of combined drought index, Drought map of Korea using the combined drought index has compared with past drought event. Drought map using the combined drought index shows good accordance with past drought event and accurate quantitative drought monitoring results. Also the drought outlook technique has been developed using the weather forecast data of Korea Meteorological Administration (KMA). Drought outlook technique of this study can be used effectively as a primitive stage tool for real time drought forecast. As a result of this study, Integrated drought monitoring system has been developed which has capabilities of producing and generating the drought monitoring map and drought outlook map as well as various kinds of drought related information.

• Communications for Statistical Applications and Methods
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• v.31 no.1
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• pp.143-154
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• 2024

This paper considers a combined model of exponential smoothing (ETS) and autoregressive integrated moving average (ARIMA) models that are commonly used to forecast time series data. The combined model is constructed through an innovational state space model based on the level variable instead of the differenced variable, and the identifiability of the model is investigated. We consider the maximum likelihood estimation for the model parameters and suggest the model selection steps. The forecasting performance of the model is evaluated by two real time series data. We consider the three competing models; ETS, ARIMA and the trigonometric Box-Cox autoregressive and moving average trend seasonal (TBATS) models, and compare and evaluate their root mean squared errors and mean absolute percentage errors for accuracy. The results show that the combined model outperforms the competing models.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.10
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• pp.9-21
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• 2020

The aim of this paper is to predict the Borsa Istanbul (BIST) 30 index movements to determine the most accurate buy and sell decisions using the methods of Artificial Neural Networks (ANN) and Genetic Algorithm (GA). We combined these two methods to obtain a hybrid intelligence method, which we apply. In the financial markets, over 100 technical indicators can be used. However, several of them are preferred by analysts. In this study, we employed nine of these technical indicators. They are moving average convergence divergence (MACD), relative strength index (RSI), commodity channel index (CCI), momentum, directional movement index (DMI), stochastic oscillator, on-balance volume (OBV), average directional movement index (ADX), and simple moving averages (3-day moving average, 5-day moving average, 10-day moving average, 14-day moving average, 20-day moving average, 22-day moving average, 50-day moving average, 100-day moving average, 200-day moving average). In this regard, we combined these two techniques and obtained a hybrid intelligence method. By applying this hybrid model to each of these indicators, we forecast the movements of the Borsa Istanbul (BIST) 30 index. The experimental result indicates that our best proposed hybrid model has a successful forecast rate of 75%, which is higher than the single ANN or GA forecasting models.

• Communications for Statistical Applications and Methods
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• v.10 no.3
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• pp.931-954
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• 2003

It is widely recognized that economic time series involved not only the linearities but also the non-linearities. In this paper, when the economic time series data have the nonlinear characteristics we propose the forecasts method using combinations of both forecasts from linear and nonlinear models. In empirical study, we compare the forecasting performance of 4 exchange rates models(AR, GARCH, AR+GARCH, Bilinear model) and combination of these forecasts for dairly Won/Dollar exchange rates returns. The combination method is selected by the estimated individual forecast errors using Monte Carlo simulations. And this study shows that the combined forecasts using unrestricted least squares method is performed substantially better than any other combined forecasts or individual forecasts.

• Journal of the Korean earth science society
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• v.33 no.3
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• pp.219-232
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• 2012

The intensive observation (ProbeX-2010) was performed to investigate an urban effect on summer rainfall over the Seoul metropolitan area from 13 August to 3 September 2010. Two kinds of urban effect were detected. First, weak rainfall (${\leq}1\;mm\;hr^{-1}$) was observed more frequently in the downwind area of Seoul than any other area of the country. The high frequency of weak rainfall in the downwind area was also confirmed from the recent five years of observational data (2006-2010). Because the high frequency was more apparent in mountainous regions during nighttime, the weak rainfall seems to be caused by a combined effect of urbanization and topography. Second, sporadically, a convective system was developed rapidly in the downwind area of Seoul, causing heavy rainfall (${\geq}10\;mm\;hr^{-1}$). It can be most clearly seen in series of radar images around 1300-1500 KST 27 August 2010. We investigated in detail the synoptic and local weather and upper air conditions. As a result, not only urban-induced high sensible heat but also conditionally unstable atmosphere (especially unstable in low level) and low level moisture were pointed out as important factors that contributed to urban-induced heavy rainfall.

• Journal of the Korea Convergence Society
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• v.10 no.9
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• pp.199-207
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• 2019

This study aims to analyze the profitability of Robo-Advisors portfolio combined with the analysts' forecasts on the Korean stock prices. Sample stocks are 8 blue-chips and sample period is from 2003 to 2019. Robo-Advisor portfolio was suggested using the Black-Litterman model combined with the analysts' forecasts and its profitability was analyzed. Empirical result showed the suggested Robo-Advisor algorithm produced 1% annual excess return more than that of the benchmark. The study documented that the analysts' forecasts had an economic value when applied in the Robo-Advisor portfolio despite the prevalent blames from investors. The profitability on small or medium-sized stocks will need to be analyzed in the Robo-Advisor context because their information is relatively less known to investors and as such is expected to be strongly influenced by the analysts' forecasts.

• Proceedings of the KIEE Conference
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• 2008.07a
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• pp.111-112
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• 2008

Although two types of uncertainty such as randomness and fuzziness simultaneously exist in power systems, yet they have been treated as distinct fields to evaluate the power system reliability. Thus, this paper presents a reliability assessment method based on a combined concept of fuzzy and probability. To reflect the two-fold uncertainty, a modified load duration curve(MLDC) is proposed using the probability distribution of historical load data in which a fuzzy model for the peak load forecast is embedded. IEEE RTS system was used to demonstrate the usefulness and applicability of the proposed method, and the reliability indices were obtained using the proposed MLDC. The results show a wider insight into impact of load fuzziness on uncertainties of reliability indices for power systems.

• Proceedings of the Korea Inteligent Information System Society Conference
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• 2000.11a
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• pp.417-426
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• 2000

This study suggests integrated neural network models for Interest rate forecasting using change-point detection, classifiers, and classification functions based on structural change. The proposed model is composed of three phases with tee-staged learning. The first phase is to detect successive and appropriate structural changes in interest rare dataset. The second phase is to forecast change-point group with classifiers (discriminant analysis, logistic regression, and backpropagation neural networks) and their. combined classification functions. The fecal phase is to forecast the interest rate with backpropagation neural networks. We propose some classification functions to overcome the problems of two-staged learning that cannot measure the performance of the first learning. Subsequently, we compare the structured models with a neural network model alone and, in addition, determine which of classifiers and classification functions can perform better. This article then examines the predictability of the proposed classification functions for interest rate forecasting using structural change.

• Journal of the Korean Data and Information Science Society
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• v.28 no.5
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• pp.1125-1132
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• 2017

In a situation where the severity and frequency of drought events getting stronger and higher, many studies related to drought forecast have been conducted to improve the drought forecast accuracy. However it is difficult to predict drought events using a single model because of nonlinear and complicated characteristics of temporal behavior of drought events. In this study, in order to overcome the shortcomings of the single model approach, we first build various single models capable to explain the relationship between the meteorological drought index, Standardized Precipitation Index (SPI), and other independent variables such as world climate indices. Then, we developed a combined models using Stochastic Gradient Descent method among Ensemble Learnings.