• 대한전자공학회:학술대회논문집
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• 대한전자공학회 2000년도 ITC-CSCC -2
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• pp.1037-1040
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• 2000

We introduce the forecasting method for a next day electric peak load that uses the optimal combination of two types of neural networks. First network uses learning data that are past 10days of the target day. We name the neural network Short Term Neural Network (STNN). Second network uses those of last year. We name the neural network Long Term Neural Network (LTNN). Then we get the forecasting results that are the linear combination of the forecasting results by STNN and the forecasting results by LTNN. We name the method Combination Forecasting Method (CFM). Then we discuss the optimal combination of STNN and LTNN. Using CFM of the optimal combination of STNN and LTNN, we can reduce the forecasting error.

• 한국농공학회논문집
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• 제59권3호
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• pp.97-110
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• 2017

This study investigates the efficiencies of machine learning models, including artificial neural network (ANN), generalized regression neural network (GRNN), adaptive neuro-fuzzy inference system (ANFIS) and random forest (RF), for reservoir water level forecasting in the Chungju Dam, South Korea. The models' efficiencies are assessed based on model efficiency indices and graphical comparison. The forecasting results of the models are dependent on lead times and the combination of input variables. For lead time t = 1 day, ANFIS1 and ANN6 models yield superior forecasting results to RF6 and GRNN6 models. For lead time t = 5 days, ANN1 and RF6 models produce better forecasting results than ANFIS1 and GRNN3 models. For lead time t = 10 days, ANN3 and RF1 models perform better than ANFIS3 and GRNN3 models. It is found that ANN model yields the best performance for all lead times, in terms of model efficiency and graphical comparison. These results indicate that the optimal combination of input variables and forecasting models depending on lead times should be applied in reservoir water level forecasting, instead of the single combination of input variables and forecasting models for all lead times.

• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.339-347
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• 2021

This study aims to forecast the exchange rate by a combination of different models as proposed by Poon and Granger (2003). For this purpose, we include three univariate time series models, i.e., ARIMA, Naïve, Exponential smoothing, and one multivariate model, i.e., NARDL. This is the first of its kind endeavor to combine univariate models along with NARDL to the best of our knowledge. Utilizing monthly data from January 2011 to December 2020, we predict the Pakistani Rupee against the US dollar by a combination of different forecasting techniques. The observations from M1 2020 to M12 2020 are held back for in-sample forecasting. The models are then assessed through equal weightage and var-cor methods. Our results suggest that NARDL outperforms all individual time series models in terms of forecasting the exchange rate. Similarly, the combination of NARDL and Naïve model again outperformed all of the individual as well as combined models with the lowest MAPE value of 0.612 suggesting that the Pakistani Rupee exchange rate against the US Dollar is dependent upon the macro-economic fundamentals and recent observations of the time series. Further evidence shows that the combination of models plays a vital role in forecasting, as stated by Poon and Granger (2003).

• 한국수자원학회논문집
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• 제44권7호
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• pp.523-536
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• 2011

본 연구의 목적은 중소하천에서의 홍수예측을 위해 사용되는 기존의 수문학적 모형이 가지고 있는 문제점을 개선한 홍수예측 모형을 개발하는데 있다. 이를 위해 기존의 수문학적 강우-유출 모형에서 사용되는 많은 수문학적 자료 및 매개변수들의 사용 없이 오직 수위 및 강우측정 자료만을 이용하여 홍수를 예측할 수 있는 Takagi-Sugeno 퍼지 추론기법과 신경망을 연계한뉴로-퍼지홍수예측 모형을 구축하고자 하였다. 뉴로-퍼지 홍수예측 모형의 예측정확도는 입력자료로 사용되는 강우와 수위 자료의 시간적 분포 및 자료의 수에 의해 결정된다. 따라서 본 연구에서는 홍수예측 모형 구축을 위한 최적 입력 자료 조합 선정을 위해 다양한 강우와 수위의 입력자료 조합을 구성하여 적용하였고, 이를 통해 홍수 예측을 위한 뉴러-퍼지 홍수예측 모형의 최적 입력 자료 조합을 선정하였다.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.221-229
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• 2021

This study aims to forecast the exchange rate of the Chinese Yuan against the US Dollar by a combination of different models as proposed by Poon and Granger (2003) during the Covid-19 pandemic. For this purpose, we include three uni-variate time series models, i.e., ARIMA, Naïve, Exponential smoothing, and one multivariate model, i.e., NARDL. This is the first of its kind endeavor to combine univariate models along with NARDL to the best of our knowledge. Utilizing monthly data from January 2011 to December 2020, we predict the Chinese Yuan against the US dollar by two combination criteria i.e. var-cor and equal weightage. After finding out the individual accuracy, the models are then assessed through equal weightage and var-cor methods. Our results suggest that Naïve outperforms all individual & combination of time series models. Similarly, the combination of NARDL and Naïve model again outperformed all of the individual as well as combined models except the Naïve model, with the lowest MAPE value of 0764. The results suggesting that the Chinese Yuan exchange rate against the US Dollar is dependent upon the recent observations of the time series. Further evidence shows that the combination of models plays a vital role in forecasting which commensurate with the literature.

• Journal of Information Processing Systems
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• 제12권1호
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• pp.109-128
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• 2016

This paper presents a new combined forecasting method that is guided by the soft set theory (CFBSS) to predict business failures with different sample sizes. The proposed method combines both qualitative analysis and quantitative analysis to improve forecasting performance. We considered an expert system (ES), logistic regression (LR), and support vector machine (SVM) as forecasting components whose weights are determined by the receiver operating characteristic (ROC) curve. The proposed procedure was applied to real data sets from Chinese listed firms. For performance comparison, single ES, LR, and SVM methods, the combined forecasting method based on equal weights (CFBEWs), the combined forecasting method based on neural networks (CFBNNs), and the combined forecasting method based on rough sets and the D-S theory (CFBRSDS) were also included in the empirical experiment. CFBSS obtains the highest forecasting accuracy and the second-best forecasting stability. The empirical results demonstrate the superior forecasting performance of our method in terms of accuracy and stability.

• 응용통계연구
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• 제23권2호
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• pp.249-261
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• 2010

Long-term forecasting of seasonal time series is critical in many applications such as planning business strategies and resolving possible problems of a business company. Unlike the traditional approach that depends solely on dynamic models, Li and Hinich (2002) introduced a combination of stochastic dynamic modeling with filter bank approach for forecasting seasonal patterns using highly coherent(High-C) waveforms. We modify the filter selection and forecasting procedure on wavelet domain to be more feasible and compare the resulting predictor with one that obtained from the wavelet variance estimation method. An improvement over other seasonal pattern extraction and forecasting methods based on such as wavelet scalogram, Holt-Winters, and seasonal autoregressive integrated moving average(SARIMA) is shown in terms of the prediction error. The performance of the proposed method is illustrated by a simulation study and an application to the real stock price data.

• 한국수자원학회:학술대회논문집
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• 한국수자원학회 2007년도 학술발표회 논문집
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• pp.1592-1596
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• 2007

Accuracy of flood forecasting is an important non-structural measure on the flood control and mitigation. Hence, combination of horologic model with real time error correction became an important issue. It is one of the efficient ways to improve the forecasting precision. In this work, an approach based on Kalman Filter (KF) is proposed to continuously revise state estimates to promote the accuracy of flood forecasting results. The case study refers to the Wi River in Korea, with the flood forecasting results of Xinanjiang model. Compared to the results, the corrected results based on the Kalman filter are more accurate. It proved that this method can take good effect on hydrologic forecasting of Wi River, Korea, although there are also flood peak discharge and flood reach time biases. The average determined coefficient and the peak discharge are quite improved, with the determined coefficient exceeding 0.95 for every year.

• 한국환경과학회지
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• 제27권8호
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• pp.723-735
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• 2018

In this study, to investigate an optimal configuration method for the modeling system, we performed an optimization experiment by controlling the types of compilers and libraries, and the number of CPU cores because it was important to provide reliable model data very quickly for the national air quality forecast. We were made up the optimization experiment of twelve according to compilers (PGI and Intel), MPIs (mvapich-2.0, mvapich-2.2, and mpich-3.2) and NetCDF (NetCDF-3.6.3 and NetCDF-4.1.3) and performed wall clock time measurement for the WRF and CMAQ models based on the built computing resources. In the result of the experiment according to the compiler and library type, the performance of the WRF (30 min 30 s) and CMAQ (47 min 22 s) was best when the combination of Intel complier, mavapich-2.0, and NetCDF-3.6.3 was applied. Additionally, in a result of optimization by the number of CPU cores, the WRF model was best performed with 140 cores (five calculation servers), and the CMAQ model with 120 cores (five calculation servers). While the WRF model demonstrated obvious differences depending on the number of CPU cores rather than the types of compilers and libraries, CMAQ model demonstrated the biggest differences on the combination of compilers and libraries.

• 산업경영시스템학회지
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• 제20권44호
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• pp.243-255
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• 1997

Forecasting the future values of an observed time series is an important problem in many areas, including economics, traffic engineering, production planning, sales forecasting, and stock control. The purpose of this paper is aimed to discover the more efficient forecasting model through the parameter estimation and residual analysis among the quantitative method such as Winters' exponential smoothing model, Box-Jenkins' model, and Kalman filtering model. The mean of the time series is assumed to be a linear combination of known functions. For a parameter estimation and residual analysis, Winters', Box-Jenkins' model use Statgrap and Timeslab software, and Kalman filtering utilizes Fortran language. Therefore, this paper can be used in real fields to obtain the most effective forecasting model.