• The Journal of Asian Finance, Economics and Business
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• v.6 no.2
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• pp.45-54
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• 2019

This study examines whether auditors restrain the analysts' opportunistic behavior as reviewing the companies' interim reports. Analysts' forecasts show a walkdown pattern in which their optimism has decreased as the earnings announcement date has approached. At the beginning of the year, there is a lack of high-quality benchmark information that enables information users to judge the accuracy of analyst's earnings forecasts. Thus, early in the year, analysts are highly inspired to disseminate optimistic forecasts in order to gain manager's favor. In this study, we examine adequate benchmarks prevent analysts from disclosing optimistically biased forecasts. We conjecture that auditors' efforts might mitigate analysts' walkdown pattern. To test this hypothesis, we use data from Korea, where it is mandatory to disclose auditor's review hours. We find that the analyst forecast's walkdown decreases with the ratio as well as the number of audit hours. It implies that an auditor's effort in reviewing interim financial information has a monitoring function that reduces analysts' opportunistic optimism at the beginning of the year. We conjecture that the tendency will be more pronounced when BIG4 auditors review the interim reports. Consistent with the prediction, BIG4 auditors' interim review effort is more effective in suppressing the analysts' walkdown.

• Journal of Korea Multimedia Society
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• v.24 no.10
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• pp.1414-1424
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• 2021

In this paper, the importance of input factors of a DNN (Deep Neural Network) PM_2.5 forecasting model using LRP(Layer-wise Relevance Propagation) is analyzed, and forecasting performance is improved. Input factor importance analysis is performed by dividing the learning data into time and PM_2.5 concentration. As a result, in the low concentration patterns, the importance of weather factors such as temperature, atmospheric pressure, and solar radiation is high, and in the high concentration patterns, the importance of air quality factors such as PM_2.5, CO, and NO₂ is high. As a result of analysis by time, the importance of the measurement factors is high in the case of the forecast for the day, and the importance of the forecast factors increases in the forecast for tomorrow and the day after tomorrow. In addition, date, temperature, humidity, and atmospheric pressure all show high importance regardless of time and concentration. Based on the importance of these factors, the LRP_DNN prediction model is developed. As a result, the ACC(accuracy) and POD(probability of detection) are improved by up to 5%, and the FAR(false alarm rate) is improved by up to 9% compared to the previous DNN model.

• International journal of advanced smart convergence
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• v.10 no.4
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• pp.59-65
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• 2021

Electricity contributes to the development of the economy. Therefore, forecasting electricity demand plays an important role in the development of the electricity industry in particular and the economy in general. This study aims to provide a precise model for long-term electricity demand forecast in the residential sector by using three independent variables include: Population, Electricity price, Average annual income per capita; and the dependent variable is yearly electricity consumption. Based on the support of Multiple variable regression, the proposed method established a model with variables that relate to the forecast by ignoring variables that do not affect lead to forecasting errors. The proposed forecasting model was validated using historical data from Vietnam in the period 2013 and 2020. To illustrate the application of the proposed methodology, we presents a five-year demand forecast for the residential sector in Vietnam. When demand forecasts are performed using the predicted variables, the R square value measures model fit is up to 99.6% and overall accuracy (MAPE) of around 0.92% is obtained over the period 2018-2020. The proposed model indicates the population's impact on total national electricity demand.

• Journal of The Korean Astronomical Society
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• v.53 no.6
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• pp.139-147
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• 2020

The sunspot area is a critical physical quantity for assessing the solar activity level; forecasts of the sunspot area are of great importance for studies of the solar activity and space weather. We developed an innovative hybrid model prediction method by integrating the complementary ensemble empirical mode decomposition (CEEMD) and extreme learning machine (ELM). The time series is first decomposed into intrinsic mode functions (IMFs) with different frequencies by CEEMD; these IMFs can be divided into three groups, a high-frequency group, a low-frequency group, and a trend group. The ELM forecasting models are established to forecast the three groups separately. The final forecast results are obtained by summing up the forecast values of each group. The proposed hybrid model is applied to the smoothed monthly mean sunspot area archived at NASA's Marshall Space Flight Center (MSFC). We find a mean absolute percentage error (MAPE) and a root mean square error (RMSE) of 1.80% and 9.75, respectively, which indicates that: (1) for the CEEMD-ELM model, the predicted sunspot area is in good agreement with the observed one; (2) the proposed model outperforms previous approaches in terms of prediction accuracy and operational efficiency.

• Journal of the Korean earth science society
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• v.44 no.3
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• pp.185-195
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• 2023

The prolonged and heavy East Asian summer precipitation in 2020 may have been caused by an enhanced Madden-Julian Oscillation (MJO), which requires evaluation using forecast models. We examined the performance of GloSea6, an operational forecast model, in predicting the East Asian summer precipitation during July 2020, and investigated the role of MJO in the extreme rainfall event. Two experiments, CON and EXP, were conducted using different convection schemes, 6A and 5A, respectively to simulate various aspects of MJO. The EXP runs yielded stronger forecasts of East Asian precipitation for July 2020 than the CON runs, probably due to the prominent MJO realization in the former experiment. The stronger MJO created stronger moist southerly winds associated with the western North Pacific subtropical high, which led to increased precipitation. The strengthening of the MJO was found to improve the prediction accuracy of East Asian summer precipitation. However, it is important to note that this study does not discuss the impact of changes in the convection scheme on the modulation of MJO. Further research is needed to understand other factors that could strengthen the MJO and improve the forecast.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.11 no.4
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• pp.1419-1429
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• 2010

Industry structure and environment of the domestic bank have been changed by an influx of large foreign-banks and advanced financial products when the currency crisis erupted in Korea. In a competitive environment, accurate forecasts of changes and tendencies are essential for the survival and development. Forecast of whether to approve loan applications for customer or not is an important matter because that is related to profit generation and risk management on the bank. Therefore, this paper proposes the method to improve forecast accuracy of loan underwriting. Processes in experiments are as follows. First, we select the predictor variables which affect significantly to the result of loan underwriting by correlation analysis and feature selection technique, and then cluster the customers by the 2-Step clustering technique based on selected variables. Second, we find the most accurate forecasting model for each clustering by applying LR, NN and SVM. Finally, we compare the forecasting accuracy of the proposed method with the forecasting accuracy of existing application way.

• Journal of Korean Society of Water and Wastewater
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• v.19 no.4
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• pp.395-403
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• 2005

It is very important to forecast water supply for reasonal operation and management of water utilities. In this paper, water supply forecasting models using artificial intelligence are developed. Artificial intelligence models shows better results by using Temperature(t), water supply discharge (t-1) and water supply discharge (t-2), which are expressed by neural network(LMNNWS; Levenberg-Marquardt Neural Network for Water Supply, MDNNWS; MoDular Neural Network for Water Supply) and neuro fuzzy(ANASWS; Adaptive Neuro-Fuzzy Inference Systems for Water Supply). ANFISWS model which is applied for water supply forecasting shows stable application to the variable water supply data. As results, MDNNWS model shows the highest overall accuracy among proposed water supply forecasting models and the lowest estimation error with the order of ANFISWS, LMNNWS model.

• Journal of the Korea Computer Industry Society
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• v.6 no.2
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• pp.241-248
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• 2005

Conventional estimating methods forecast the future that it usually using the past statistical numerical value. In order to forecast the farming price, it must need many effort and accuracy knowledge. Therefore, to solve the these problems, this paper to improve forecasting farming price using fuzzy rules and neural network as a preprocessing. Also, we developed an intelligent farming expert system for real time forecasting as a postprocessing about unexpectable conditions. Computer simulation results proved reducing pricing error which proposed farming price expecting system better than conventional demand forecasting system does not using fuzzy rules.

• Proceedings of the KIEE Conference
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• 2000.07a
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• pp.298-300
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• 2000

This paper proposes a fuzzy linear regression algorithm based on Tanaka's theory for holiday load forecasting. The load patterns of holidays are quite different from those of ordinary weekdays. It is difficult to accurately forecast the holiday load due to the insufficiency of the load patterns compared with ordinary weekdays. The test results show that the proposed method greatly improves the forecast accuracy for holidays.

• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.843-845
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• 2005

The uncertainty of long term electricity plan consists of the uncertainty of demand forecast and additional generating capacity. Demand forecast is clearly improved the accuracy than the past through improving forecasting methods. However, the uncertainty of additional generating capacity is increased due to the change of market environment. In an operation by a sole utility, additional generating capacity would be possible by the regulation of government. Currently the generation companies have spined off from KEPCO and some IPPs participate the electricity market. It increases the uncertainty due to weakened regulation. Also the environment movement by NGOs and occurrence of civil affairs cause the increase of uncertainty. This research would analyze the current situation on the uncertainty of additional generating capacity and construction delays. Furthermore this research would present the plan to reflecting it in long term electricity plan.