• Title/Summary/Keyword: Forecast Error

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Statistical Modeling for Forecasting Maximum Electricity Demand in Korea (한국 최대 전력량 예측을 위한 통계모형)

  • Yoon, Sang-Hoo;Lee, Young-Saeng;Park, Jeong-Soo
    • Communications for Statistical Applications and Methods
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    • v.16 no.1
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    • pp.127-135
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    • 2009
  • It is necessary to forecast the amount of the maximum electricity demand for stabilizing the flow of electricity. The time series data was collected from the Korea Energy Research between January 2000 and December 2006. The data showed that they had a strong linear trend and seasonal change. Winters seasonal model, ARMA model were used to examine it. Root mean squared prediction error and mean absolute percentage prediction error were a criteria to select the best model. In addition, a nonstationary generalized extreme value distribution with explanatory variables was fitted to forecast the maximum electricity.

A Causality Analysis of the Hairtail Price by Distribution Channel Using a Vector Autoregressive Model (VAR 모형을 이용한 유통단계별 갈치가격의 인과성 분석)

  • Kim, Cheol-Hyun;Nam, Jong-Oh
    • The Journal of Fisheries Business Administration
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    • v.46 no.1
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    • pp.93-107
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    • 2015
  • This study aims to analyze causalities among Hairtail prices by distribution channel using a vector autoregressive model. This study applies unit-root test for stability of data, uses Granger causality test to know interaction among Hairtail Prices by distribution channel, and employes the vector autoregressive model to estimate statistical impacts among t-2 period variables used in model. Analyzing results of this study are as follows. First, ADF, PP, and KPSS tests show that the change rate of Hairtail price by distribution channel differentiated by logarithm is stable. Second, a Granger causality test presents that the producer price of Hairtail leads the wholesale price and then the wholesale price leads the consumer price. Third, the vector autoregressive model suggests that the change rate of Hairtail producer price of t-2 period variables statistically, significantly impacts change rates of own, wholesale, and consumer prices at current period. Fourth, the impulse response analysis indicates that impulse responses of the structural shocks with a respectively distribution channel of the Hairtail prices are relatively more powerful in own distribution channel than in other distribution channels. Fifth, a forecast error variance decomposition of the Hairtail prices points out that the own price has relatively more powerful influence than other prices.

A Prediction Model of the Sum of Container Based on Combined BP Neural Network and SVM

  • Ding, Min-jie;Zhang, Shao-zhong;Zhong, Hai-dong;Wu, Yao-hui;Zhang, Liang-bin
    • Journal of Information Processing Systems
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    • v.15 no.2
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    • pp.305-319
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    • 2019
  • The prediction of the sum of container is very important in the field of container transport. Many influencing factors can affect the prediction results. These factors are usually composed of many variables, whose composition is often very complex. In this paper, we use gray relational analysis to set up a proper forecast index system for the prediction of the sum of containers in foreign trade. To address the issue of the low accuracy of the traditional prediction models and the problem of the difficulty of fully considering all the factors and other issues, this paper puts forward a prediction model which is combined with a back-propagation (BP) neural networks and the support vector machine (SVM). First, it gives the prediction with the data normalized by the BP neural network and generates a preliminary forecast data. Second, it employs SVM for the residual correction calculation for the results based on the preliminary data. The results of practical examples show that the overall relative error of the combined prediction model is no more than 1.5%, which is less than the relative error of the single prediction models. It is hoped that the research can provide a useful reference for the prediction of the sum of container and related studies.

The Accuracy of the National Population Projections for the Republic of Korea and Its Implications (우리나라 인구추계의 정확성과 시사점)

  • Woo, Hae-Bong
    • Survey Research
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    • v.10 no.2
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    • pp.71-96
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    • 2009
  • This paper examined the accuracy of the national population projections for the Republic of Korea produced from the 1980s to the early 2000s. Specifically, this study assessed the forecast accuracy of the Total Fertility Rate and life expectancy at birth as well as total and age-group populations. Overall, the data indicated no significant improvement in forecasting total populations. The largest forecast errors were for the young and the elderly, while projections of the working age population were comparatively accurate. The past population projections consistently over-estimated TFR but under-estimated life expectancy at birth. This study also showed that forecast errors in fertility were substantially larger than those in mortality, indicating that behaviorally determined factors are difficult to forecast.

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The Impact of Satellite Observations on the UM-4DVar Analysis and Prediction System at KMA (위성자료가 기상청 전지구 통합 분석 예측 시스템에 미치는 효과)

  • Lee, Juwon;Lee, Seung-Woo;Han, Sang-Ok;Lee, Seung-Jae;Jang, Dong-Eon
    • Atmosphere
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    • v.21 no.1
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    • pp.85-93
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    • 2011
  • UK Met Office Unified Model (UM) is a grid model applicable for both global and regional model configurations. The Met Office has developed a 4D-Var data assimilation system, which was implemented in the global forecast system on 5 October 2004. In an effort to improve its Numerical Weather Prediction (NWP) system, Korea Meteorological Administration (KMA) has adopted the UM system since 2008. The aim of this study is to provide the basic information on the effects of satellite data assimilation on UM performance by conducting global satellite data denial experiments. Advanced Tiros Operational Vertical Sounder (ATOVS), Infrared Atmospheric Sounding Interferometer (IASI), Special Sensor Microwave Imager Sounder (SSMIS) data, Global Positioning System Radio Occultation (GPSRO) data, Air Craft (CRAFT) data, Atmospheric Infrared Sounder (AIRS) data were assimilated in the UM global system. The contributions of assimilation of each kind of satellite data to improvements in UM performance were evaluated using analysis data of basic variables; geopotential height at 500 hPa, wind speed and temperature at 850 hPa and mean sea level pressure. The statistical verification using Root Mean Square Error (RMSE) showed that most of the satellite data have positive impacts on UM global analysis and forecasts.

Evaluation of UM-LDAPS Prediction Model for Solar Irradiance by using Ground Observation at Fine Temporal Resolution (고해상도 일사량 관측 자료를 이용한 UM-LDAPS 예보 모형 성능평가)

  • Kim, Chang Ki;Kim, Hyun-Goo;Kang, Yong-Heack;Kim, Jin-Young
    • Journal of the Korean Solar Energy Society
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    • v.40 no.5
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    • pp.13-22
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    • 2020
  • Day ahead forecast is necessary for the electricity market to stabilize the electricity penetration. Numerical weather prediction is usually employed to produce the solar irradiance as well as electric power forecast for longer than 12 hours forecast horizon. Korea Meteorological Administration operates the UM-LDAPS model to produce the 36 hours forecast of hourly total irradiance 4 times a day. This study interpolates the hourly total irradiance into 15 minute instantaneous irradiance and then compare them with observed solar irradiance at four ground stations at 1 minute resolution. Numerical weather prediction model employed here was produced at 00 UTC or 18 UTC from January to December, 2018. To compare the statistical model for the forecast horizon less than 3 hours, smart persistent model is used as a reference model. Relative root mean square error of 15 minute instantaneous irradiance are averaged over all ground stations as being 18.4% and 19.6% initialized at 18 and 00 UTC, respectively. Numerical weather prediction is better than smart persistent model at 1 hour after simulation began.

Learning Wind Speed Forecast Model based on Numeric Prediction Algorithm (수치 예측 알고리즘 기반의 풍속 예보 모델 학습)

  • Kim, Se-Young;Kim, Jeong-Min;Ryu, Kwang-Ryel
    • Journal of the Korea Society of Computer and Information
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    • v.20 no.3
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    • pp.19-27
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    • 2015
  • Technologies of wind power generation for development of alternative energy technology have been accumulated over the past 20 years. Wind power generation is environmentally friendly and economical because it uses the wind blowing in nature as energy resource. In order to operate wind power generation efficiently, it is necessary to accurately predict wind speed changing every moment in nature. It is important not only averagely how well to predict wind speed but also to minimize the largest absolute error between real value and prediction value of wind speed. In terms of generation operating plan, minimizing the largest absolute error plays an important role for building flexible generation operating plan because the difference between predicting power and real power causes economic loss. In this paper, we propose a method of wind speed prediction using numeric prediction algorithm-based wind speed forecast model made to analyze the wind speed forecast given by the Meteorological Administration and pattern value for considering seasonal property of wind speed as well as changing trend of past wind speed. The wind speed forecast given by the Meteorological Administration is the forecast in respect to comparatively wide area including wind generation farm. But it contributes considerably to make accuracy of wind speed prediction high. Also, the experimental results demonstrate that as the rate of wind is analyzed in more detail, the greater accuracy will be obtained.

Development of Mid-range Forecast Models of Forest Fire Risk Using Machine Learning (기계학습 기반의 산불위험 중기예보 모델 개발)

  • Park, Sumin;Son, Bokyung;Im, Jungho;Kang, Yoojin;Kwon, Chungeun;Kim, Sungyong
    • Korean Journal of Remote Sensing
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    • v.38 no.5_2
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    • pp.781-791
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    • 2022
  • It is crucial to provide forest fire risk forecast information to minimize forest fire-related losses. In this research, forecast models of forest fire risk at a mid-range (with lead times up to 7 days) scale were developed considering past, present and future conditions (i.e., forest fire risk, drought, and weather) through random forest machine learning over South Korea. The models were developed using weather forecast data from the Global Data Assessment and Prediction System, historical and current Fire Risk Index (FRI) information, and environmental factors (i.e., elevation, forest fire hazard index, and drought index). Three schemes were examined: scheme 1 using historical values of FRI and drought index, scheme 2 using historical values of FRI only, and scheme 3 using the temporal patterns of FRI and drought index. The models showed high accuracy (Pearson correlation coefficient >0.8, relative root mean square error <10%), regardless of the lead times, resulting in a good agreement with actual forest fire events. The use of the historical FRI itself as an input variable rather than the trend of the historical FRI produced more accurate results, regardless of the drought index used.

Establishing a Demand Forecast Model for Container Inventory in Liner Shipping Companies (정기선사의 컨테이너 재고 수요예측모델 구축에 대한 연구)

  • Jeon, Jun-woo;Jung, Kil-su;Gong, Jeong-min;Yeo, Gi-tae
    • Journal of Korea Port Economic Association
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    • v.32 no.4
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    • pp.1-13
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    • 2016
  • This study attempts to establish a precise forecast model for the container inventory demand of shipping companies through forecasts based on equipment type/size, ports, and weekly system dynamics. The forecast subjects were Shanghai and Yantian Ports. Only dry containers (20, 40) and high cubes (40) were used as the subject container inventory in this study due to their large demand and valid data computation. The simulation period was from 2011 to 2017 and weekly data were used, applying the actual data frequency among shipping companies. The results of the model accuracy test obtained through an application of Mean Absolute Percentage Error (MAPE) verified that the forecast model for dry 40' demand, dry 40' high cube demand, dry 20' supply, dry 40' supply, and dry 40' high cube supply in Shanghai Port provided an accurate prediction, with $0%{\leq}MAPE{\leq}10%$. The forecast model for supply and demand in Shanghai Port was otherwise verified to have relatively high prediction power, with $10%{\leq}MAPE{\leq}20%$. The forecast model for dry 40' high cube demand and dry 20' supply in Yantian Port was accurate, with $0%{\leq}MAPE{\leq}10%$. The forecast model for supply and demand in Yantian Port was generally verified to have relatively high prediction power, with $10%{\leq}MAPE{\leq}20%$. The forecast model in this study also had relatively high accuracy when compared with the actueal data managed in shipping companies.

Short-Term Load Forecast in Microgrids using Artificial Neural Networks (신경회로망을 이용한 마이크로그리드 단기 전력부하 예측)

  • Chung, Dae-Won;Yang, Seung-Hak;You, Yong-Min;Yoon, Keun-Young
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.66 no.4
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    • pp.621-628
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    • 2017
  • This paper presents an artificial neural network (ANN) based model with a back-propagation algorithm for short-term load forecasting in microgrid power systems. Owing to the significant weather factors for such purpose, relevant input variables were selected in order to improve the forecasting accuracy. As remarked above, forecasting is more complex in a microgrid because of the increased variability of disaggregated load curves. Accurate forecasting in a microgrid will depend on the variables employed and the way they are presented to the ANN. This study also shows numerically that there is a close relationship between forecast errors and the number of training patterns used, and so it is necessary to carefully select the training data to be employed with the system. Finally, this work demonstrates that the concept of load forecasting and the ANN tools employed are also applicable to the microgrid domain with very good results, showing that small errors of Mean Absolute Percentage Error (MAPE) around 3% are achievable.