• Title/Summary/Keyword: Forecasting method

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Temporal Fusion Transformers and Deep Learning Methods for Multi-Horizon Time Series Forecasting (Temporal Fusion Transformers와 심층 학습 방법을 사용한 다층 수평 시계열 데이터 분석)

  • Kim, InKyung;Kim, DaeHee;Lee, Jaekoo
    • KIPS Transactions on Software and Data Engineering
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    • v.11 no.2
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    • pp.81-86
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    • 2022
  • Given that time series are used in various fields, such as finance, IoT, and manufacturing, data analytical methods for accurate time-series forecasting can serve to increase operational efficiency. Among time-series analysis methods, multi-horizon forecasting provides a better understanding of data because it can extract meaningful statistics and other characteristics of the entire time-series. Furthermore, time-series data with exogenous information can be accurately predicted by using multi-horizon forecasting methods. However, traditional deep learning-based models for time-series do not account for the heterogeneity of inputs. We proposed an improved time-series predicting method, called the temporal fusion transformer method, which combines multi-horizon forecasting with interpretable insights into temporal dynamics. Various real-world data such as stock prices, fine dust concentrates and electricity consumption were considered in experiments. Experimental results showed that our temporal fusion transformer method has better time-series forecasting performance than existing models.

A Study on Long-Term Spatial Load Forecasting Using Trending Method (추세분석법에 의한 영역의 장기 수요예측)

  • Hwang Kab-Ju;Choi Soo-Keon
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.53 no.11
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    • pp.604-609
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    • 2004
  • This paper suggests a long-term distribution area load forecasting algorithm which offers basic data for distribution planning of power system. To build forecasting model, 4-level hierarchical spatial structure is introduced: System, Region, Area, and Substation. And, each spatial load can be decided proportional to its portion in the higher level. This paper introduces the horizon year loads to improve the forecasting results. And, this paper also introduces an effective load transfer algorithm to improve forecasting stability in case of new or stopped substations. The proposed model is applied to the load forecasting of KEPCO system composed of 16 regions, 85 areas and 761 substations, and the results are compared with those of econometrics model to verify its validity.

Development of Electric Load Forecasting System Using Neural Network (신경회로망을 이용한 단기전력부하 예측용 시스템 개발)

  • Kim, H.S.;Mun, K.J.;Hwang, G.H.;Park, J.H.;Lee, H.S.
    • Proceedings of the KIEE Conference
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    • 1999.07c
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    • pp.1522-1522
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    • 1999
  • This paper proposes the methods of short-term load forecasting using Kohonen neural networks and back-propagation neural networks. Historical load data is divided into 5 patterns for the each seasonal data using Kohonen neural networks and using these results, load forecasting neural network is used for next day hourly load forecasting. Normal days and holidays are forecasted. For load forecasting in summer, max-, and min-temperature data are included in neural networks for a better forecasting accuracy. To show the possibility of the proposed method, it was tested with hourly load data of Korea Electric Power Corporation. (1993-1997)

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A Study of Short Term Forecasting of Daily Water Demand Using SSA (SSA를 이용한 일 단위 물수요량 단기 예측에 관한 연구)

  • Kwon, Hyun-Han;Moon, Young-Il
    • Journal of Korean Society of Water and Wastewater
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    • v.18 no.6
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    • pp.758-769
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    • 2004
  • The trends and seasonalities of most time series have a large variability. The result of the Singular Spectrum Analysis(SSA) processing is a decomposition of the time series into several components, which can often be identified as trends, seasonalities and other oscillatory series, or noise components. Generally, forecasting by the SSA method should be applied to time series governed (may be approximately) by linear recurrent formulae(LRF). This study examined forecasting ability of SSA-LRF model. These methods are applied to daily water demand data. These models indicate that most cases have good ability of forecasting to some extent by considering statistical and visual assessment, in particular forecasting validity shows good results during 15 days.

Real Time Error Correction of Hydrologic Model Using Kalman Filter

  • Wang, Qiong;An, Shanfu;Chen, Guoxin;Jee, Hong-Kee
    • Proceedings of the Korea Water Resources Association Conference
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    • 2007.05a
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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.

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Short-Term Load Forecasting Using Multiple Time-Series Model Including Dummy Variables (더미변수(Dummy Variable)를 포함하는 다변수 시계열 모델을 이용한 단기부하예측)

  • 이경훈;김진오
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.52 no.8
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    • pp.450-456
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    • 2003
  • This paper proposes a multiple time-series model with dummy variables for one-hour ahead load forecasting. We used 11 dummy variables that were classified by day characteristics such as day of the week, holiday, and special holiday. Also, model specification and selection of input variables including dummy variables were made by test statistics such as AIC(Akaike Information Criterion) and t-test statistics of each coefficient. OLS (Ordinary Least Squares) method was used for estimation and forecasting. We found out that model specifications for each hour are not identical usually at 30% of optimal significance level, and dummy variables reduce the forecasting error if they are classified properly. The proposed model has much more accurate estimates in forecasting with less MAPE (Mean Absolute Percentage Error).

Forecasting Multi-Generation Diffusion Demand based on System Dynamics : A Case for Forecasting Mobile Subscription Demand (시스템다이내믹스 기반의 다세대 확산 수요 예측 : 이동통신 가입자 수요 예측 적용사례)

  • Song, Hee Seok;kim, Jae Kyung
    • Journal of Information Technology Applications and Management
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    • v.24 no.2
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    • pp.81-96
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    • 2017
  • Forecasting long-term mobile service demand is inevitable to establish an effective frequency management policy despite the lack of reliability of forecast results. The statistical forecasting method has limitations in analyzing how the forecasting result changes when the scenario for various drivers such as consumer usage pattern or market structure for mobile communication service is changed. In this study, we propose a dynamic model of the mobile communication service market using system dynamics technique and forecast the future demand for long-term mobile communication subscriber based on the dynamic model, and also experiment on the change pattern of subscriber demand under various scenarios.

Short-term 24 hourly Load forecasting for holidays using fuzzy linear regression (퍼지 선형회귀분석법을 이용한 특수일의 24시간 단기수요예측)

  • Ha, Seong-Kwan;Song, Kyung-Bin;Kim, Byung-Su
    • Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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    • 2004.05a
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    • pp.434-436
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    • 2004
  • Load forecasting is essential in the electricity market for the participants to manage the market efficiently and stably. The percentage errors of 24 hourly load forecasting for holidays is relatively large. In this paper, we propose the maximum and minimum load forecasting method for holidays using a fuzz linear regression algorithm. 24 hourly loads are forecasted from the maximum and minimum loads and the 24 hourly normalized values. The proposed algorithm is tested for 24 hourly load forecasting in 1996. The test results show the proposed algorithm improves the accuracy of the load forecasting.

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A CASE STUDY ON DISPLACMENT FORECASTING METHOD IN TUNNELLING BY MATM IN URBAN AREA (도시 NATM 터널에서 변위예측기술의 적용사례 연구)

  • 정한중;조경나
    • Proceedings of the Korean Geotechical Society Conference
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    • 1993.03a
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    • pp.27-32
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    • 1993
  • In tunnelling by NATM convergence data are most Importantly to ascertain the safety of tunnel. Therefore, a reliable method is required that can predict ultimate displacements by using earler displacement data. Displacement forecasting method is classified into statistical method and functional regression method. Convergence data measured in Seoul subway 5~45 site during '92.5 ~ '92.12 were analyzed by above said two methods. The analysis results of convergence data show that the functional regression method is more relieable in completely weathered rock, but the statistical method in slightly wearhred rock.

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Patent Keyword Analysis for Forecasting Emerging Technology : GHG Technology (부상기술 예측을 위한 특허키워드정보분석에 관한 연구 - GHG 기술 중심으로)

  • Choe, Do Han;Kim, Gab Jo;Park, Sang Sung;Jang, Dong Sik
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.9 no.2
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    • pp.139-149
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    • 2013
  • As the importance of technology forecasting while countries and companies manage the R&D project is growing bigger, the methodology of technology forecasting has been diversified. One of the forecasting method is patent analysis. This research proposes quick forecasting process of emerging technology based on keyword approach using text mining. The forecasting process is following: First, the term-document matrix is extracted from patent documents by using text mining. Second, emerging technology keyword are extracted by analyzing the importance of word from utilizing mean values and standard deviation values of the term and the emerging trend of word discovered from time series information of the term. Next, association between terms is measured by using cosine similarity. finally, the keyword of emerging technology is selected in consequence of the synthesized result and we forecast the emerging technology according to the results. The technology forecasting process described in this paper can be applied to developing computerized technology forecasting system integrated with various results of other patent analysis for decision maker of company and country.