• Title/Summary/Keyword: Time series forecasting

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Estimating the Growth Rate of Inbound Air Travelers to Jeju with ARIMA Time-Series - Using Golf Course Visitor Data - (ARIMA 시계열 모형을 이용한 제주도 인바운드 항공여객 증가율 예측 연구 - 제주지역 골프장 내장객 현황 데이터를 활용하여 -)

  • Gun-Hee Sohn;Kee-Woong Kim;Ri-Hyun Shin;Su-Mi Lee
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.31 no.1
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    • pp.92-98
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    • 2023
  • This paper used the golf course visitors' data in Jeju region to forecast the growth of inbound air traveler to Jeju. This is because the golf course visitors were proven to bring the highest economic and production inducement effect to the Jeju region. Based on such a data, this paper forecast the short-term growth rate of inbound air traveler using ARIMA to the Jeju until December 2025. According to ARIMA (0,1,0) (0,1,1) model, it was analyzed that the monthly number of golf course visitors to Jeju has been increasing steadily even since COVID-19 pandemic and the number is expected to grow until the end of 2025. Applying the same parameters of ARIMA (0,1,0) (0,1,1) to inbound air travel data, it was found the growth rate of inbound air travelers would be higher than the growth rate of 2019 shortly without moderate variation even though the monthly number of inbound travelers to Jeju had been dropped during COVID-19 pandemic.

Does Urbanization Affect Bilateral Trade? (양국의 도시화가 무역에 미치는 영향: 중력 모형의 활용)

  • EunJung Lim;Sunghee Jun
    • Korea Trade Review
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    • v.45 no.3
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    • pp.119-132
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    • 2020
  • In this paper we explore the two analyses to know the urbanization effect on trade. First, the granger causality test to examine the relationship between trade and urbanization. The Granger causality test is a statistical hypothesis test for determining whether one time series is useful for forecasting another. The results indicated that the existence of a bidirectional causality running from trade to urbanization when six lags were applied. When eight lags were applied, we found unidirectional causality running from urbanization to trade. Second, gravity models were used to investigate the urbanization effect on trade. The production cost and specification are affected by the economies of scale, and the economies of scale increased as the greater geographically agglomeration. However, the gravity model to explain the bilateral trade flows ignores the urbanization variables. Therefore we added the urbanization variable represented as the geographically agglomeration into gravity model. The results show that the degree of urbanization of both countries has statistically positive effect on trade (export and import) and the bigger coefficients of trade partner's urbanization. The reason is that the trade share of industrial supplies, intermediate goods and capital goods is much higher than finished consumer goods. The urbanization is more important the improved the efficiency of production than demand market.

Overseas Construction Order Forecasting Using Time Series Model (시계열 모형을 이용한 해외건설 수주 전망)

  • Kim, Woon Joong
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.2
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    • pp.107-116
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    • 2018
  • Since 2010, Korea's overseas construction orders have seen dramatic fluctuations. I propose causes and remedies for the industry as a whole. Orders have recorded an annual average of $63.8 billion dollars from 2011 to 2014, reaching its highest at $71.6 billion dollars(2010) which marked the peak of Korea's overseas construction. However, due to a decline in international oil prices, starting in the last half of 2014, Korea's overseas construction orders have followed suit recording $46.1 billion dollar in 2014, $28.2 billion dollars in 2016, and $29.0 billion dollars in 2017. Facing uncertainty in Korea's overseas construction market, caused by continued slow growth of the global economy, Korean EPC contractors are at a critical point in regards to their award-winning capabilities. Together with declining oil prices, the challenges have never been bigger. To mitigate the challenges, I would suggest policy direction as a way to grow and develop the overseas construction industry. Proper counterplans are needed to foster Korea's overseas construction industry. Forecasting total order amount for overseas construction projects is essencial. Analyzing contract award & tender structure and its changing trends in both overseas and world construction markets should also be included. Korea has great potential and global competitiveness. These measures will serve to enhance Korea's overall export strategy in uncertain overseas markets and global economy.

An Error Correction Model for Long Term Forecast of System Marginal Price (전력 계통한계가격 장기예측을 위한 오차수정모형)

  • Shin, Sukha;Yoo, Hanwook
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.6
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    • pp.453-459
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    • 2021
  • The system marginal price of electricity is the amount paid to all the generating units, which is an important decision-making factor for the construction and maintenance of an electrical power unit. In this paper, we suggest a long-term forecasting model for calculating the system marginal price based on prices of natural gas and oil. As most variables used in the analysis are nonstationary time series, the long run relationship among the variables should be examined by cointegration tests. The forecasting model is similar to an error correction model which consists of a long run cointegrating equation and another equation for short run dynamics. To mitigate the robustness issue arising from the relatively small data sample, this study employs various testing and estimating methods. Compared to previous studies, this paper considers multiple fuel prices in the forecasting model of system marginal price, and provides greater emphasis on the robustness of analysis. As none of the cointegrating relations associated with system marginal price, natural gas price and oil price are excluded, three error correction models are estimated. Considering the root mean squared error and mean absolute error, the model based on the cointegrating relation between system marginal price and natural gas price performs best in the out-of-sample forecast.

Study on Imputation Methods of Missing Real-Time Traffic Data (실시간 누락 교통자료의 대체기법에 관한 연구)

  • Jang Jin-hwan;Ryu Seung-ki;Moon Hak-yong;Byun Sang-cheal
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.3 no.1 s.4
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    • pp.45-52
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    • 2004
  • There are many cities installing ITS(Intelligent Transportation Systems) and running TMC(Trafnc Management Center) to improve mobility and safety of roadway transportation by providing roadway information to drivers. There are many devices in ITS which collect real-time traffic data. We can obtain many valuable traffic data from the devices. But it's impossible to avoid missing traffic data for many reasons such as roadway condition, adversary weather, communication shutdown and problems of the devices itself. We couldn't do any secondary process such as travel time forecasting and other transportation related research due to the missing data. If we use the traffic data to produce AADT and DHV, essential data in roadway planning and design, We might get skewed data that could make big loss. Therefore, He study have explored some imputation techniques such as heuristic methods, regression model, EM algorithm and time-series analysis for the missing traffic volume data using some evaluating indices such as MAPE, RMSE, and Inequality coefficient. We could get the best result from time-series model generating 5.0$\%$, 0.03 and 110 as MAPE, Inequality coefficient and RMSE, respectively. Other techniques produce a little different results, but the results were very encouraging.

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Development of Real time Air Quality Prediction System

  • Oh, Jai-Ho;Kim, Tae-Kook;Park, Hung-Mok;Kim, Young-Tae
    • Proceedings of the Korean Environmental Sciences Society Conference
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    • 2003.11a
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    • pp.73-78
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    • 2003
  • In this research, we implement Realtime Air Diffusion Prediction System which is a parallel Fortran model running on distributed-memory parallel computers. The system is designed for air diffusion simulations with four-dimensional data assimilation. For regional air quality forecasting a series of dynamic downscaling technique is adopted using the NCAR/Penn. State MM5 model which is an atmospheric model. The realtime initial data have been provided daily from the KMA (Korean Meteorological Administration) global spectral model output. It takes huge resources of computation to get 24 hour air quality forecast with this four step dynamic downscaling (27km, 9km, 3km, and lkm). Parallel implementation of the realtime system is imperative to achieve increased throughput since the realtime system have to be performed which correct timing behavior and the sequential code requires a large amount of CPU time for typical simulations. The parallel system uses MPI (Message Passing Interface), a standard library to support high-level routines for message passing. We validate the parallel model by comparing it with the sequential model. For realtime running, we implement a cluster computer which is a distributed-memory parallel computer that links high-performance PCs with high-speed interconnection networks. We use 32 2-CPU nodes and a Myrinet network for the cluster. Since cluster computers more cost effective than conventional distributed parallel computers, we can build a dedicated realtime computer. The system also includes web based Gill (Graphic User Interface) for convenient system management and performance monitoring so that end-users can restart the system easily when the system faults. Performance of the parallel model is analyzed by comparing its execution time with the sequential model, and by calculating communication overhead and load imbalance, which are common problems in parallel processing. Performance analysis is carried out on our cluster which has 32 2-CPU nodes.

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Prediction of Highy Pathogenic Avian Influenza(HPAI) Diffusion Path Using LSTM (LSTM을 활용한 고위험성 조류인플루엔자(HPAI) 확산 경로 예측)

  • Choi, Dae-Woo;Lee, Won-Been;Song, Yu-Han;Kang, Tae-Hun;Han, Ye-Ji
    • The Journal of Bigdata
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    • v.5 no.1
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    • pp.1-9
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    • 2020
  • The study was conducted with funding from the government (Ministry of Agriculture, Food and Rural Affairs) in 2018 with support from the Agricultural, Food, and Rural Affairs Agency, 318069-03-HD040, and in based on artificial intelligence-based HPAI spread analysis and patterning. The model that is actively used in time series and text mining recently is LSTM (Long Short-Term Memory Models) model utilizing deep learning model structure. The LSTM model is a model that emerged to resolve the Long-Term Dependency Problem that occurs during the Backpropagation Through Time (BPTT) process of RNN. LSTM models have resolved the problem of forecasting very well using variable sequence data, and are still widely used.In this paper study, we used the data of the Call Detailed Record (CDR) provided by KT to identify the migration path of people who are expected to be closely related to the virus. Introduce the results of predicting the path of movement by learning the LSTM model using the path of the person concerned. The results of this study could be used to predict the route of HPAI propagation and to select routes or areas to focus on quarantine and to reduce HPAI spread.

A SE Approach for Real-Time NPP Response Prediction under CEA Withdrawal Accident Conditions

  • Felix Isuwa, Wapachi;Aya, Diab
    • Journal of the Korean Society of Systems Engineering
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    • v.18 no.2
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    • pp.75-93
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    • 2022
  • Machine learning (ML) data-driven meta-model is proposed as a surrogate model to reduce the excessive computational cost of the physics-based model and facilitate the real-time prediction of a nuclear power plant's transient response. To forecast the transient response three machine learning (ML) meta-models based on recurrent neural networks (RNNs); specifically, Long Short Term Memory (LSTM), Gated Recurrent Unit (GRU), and a sequence combination of Convolutional Neural Network (CNN) and LSTM are developed. The chosen accident scenario is a control element assembly withdrawal at power concurrent with the Loss Of Offsite Power (LOOP). The transient response was obtained using the best estimate thermal hydraulics code, MARS-KS, and cross-validated against the Design and control document (DCD). DAKOTA software is loosely coupled with MARS-KS code via a python interface to perform the Best Estimate Plus Uncertainty Quantification (BEPU) analysis and generate a time series database of the system response to train, test and validate the ML meta-models. Key uncertain parameters identified as required by the CASU methodology were propagated using the non-parametric Monte-Carlo (MC) random propagation and Latin Hypercube Sampling technique until a statistically significant database (181 samples) as required by Wilk's fifth order is achieved with 95% probability and 95% confidence level. The three ML RNN models were built and optimized with the help of the Talos tool and demonstrated excellent performance in forecasting the most probable NPP transient response. This research was guided by the Systems Engineering (SE) approach for the systematic and efficient planning and execution of the research.

A Design and Implement of Efficient Agricultural Product Price Prediction Model

  • Im, Jung-Ju;Kim, Tae-Wan;Lim, Ji-Seoup;Kim, Jun-Ho;Yoo, Tae-Yong;Lee, Won Joo
    • Journal of the Korea Society of Computer and Information
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    • v.27 no.5
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    • pp.29-36
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    • 2022
  • In this paper, we propose an efficient agricultural products price prediction model based on dataset which provided in DACON. This model is XGBoost and CatBoost, and as an algorithm of the Gradient Boosting series, the average accuracy and execution time are superior to the existing Logistic Regression and Random Forest. Based on these advantages, we design a machine learning model that predicts prices 1 week, 2 weeks, and 4 weeks from the previous prices of agricultural products. The XGBoost model can derive the best performance by adjusting hyperparameters using the XGBoost Regressor library, which is a regression model. The implemented model is verified using the API provided by DACON, and performance evaluation is performed for each model. Because XGBoost conducts its own overfitting regulation, it derives excellent performance despite a small dataset, but it was found that the performance was lower than LGBM in terms of temporal performance such as learning time and prediction time.

Variation and Forecast of Rural Population in Korea: 1960-1985 (농촌인구(農村人口)의 변화(變化)와 예측(豫測))

  • Kwon, Yong Duk;Choi, Kyu Seob
    • Current Research on Agriculture and Life Sciences
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    • v.8
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    • pp.129-138
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    • 1990
  • This study investigated the relationship between the cutflow of rural population and agricultural policy by using time series method. For the analytical tools, decomposition time series methods and regression technique were employed in computing seasonal fluctuation and cyclical fluctuation of population migration. Also, this study predicted farmhouse, rural population till the 2000's by means of the mathematical methods. The analytical forms employed in forecasting farmhouse, rural population were Exponential curve, Gompertz curve and Transcendental form. The major findings of this study were identified as follows: 1) Rural population and farmhouse population began to decrease from 1965 and hastily went down since 1975. Rural population which accounted for 36.4 percent, 35.6 percent of national population respectively in 1960 diminished about two times: 17.5 percent, 17.1 percent respectively. 2) The rapid decreasing of the rural population was caused because of the outflow of rural people to the urban regions. Of course, that was also caused from the natural decreases but the main reason was heavily affected more the former than the latter. In the outflowing course shaped from rural to the urban regions, rural people concentrated on such metropolis as Seoul, Pusan, Keanggi. But these trends were diminishing slowly. On the other hand, compared with that of the 1970's the migration to Keanggi was still increasing in the 1980's. That is, people altered the way of migration from the migration to Seoul, Pusan to the migration to the out-skirts of Seoul. 3) The seasonal fluctuation index of population migration has gone down since the June which the request of agricultural labor force increases and has turned to be greatly wanted in the March as result of decomposition time series method. As result of cyclical analysis, the cyclical patterns of migration have greatly 7 cycle. 4) As result of forecasting the rural and farmhouse population, rural and farmhouse population in the 2000 will be about 9,655(thousand/people) and 4,429(thousand/people) respectively. Thus, it is important to analyze the probloms that rural and farmhouse population will decrease or increase by the degree. But fairly defining the agricultural into a industry that supply the food, this problem - how much our nation need the rural and farmhouse population - is greatly significant too. Therefore, the basic problems of the agricultural including the outflows of rural people are the earning differentials between rural and urban regions. And we should regard the problems of the gap of relative incomes between rural and urban regions as the main task of the agricultural policy and treat the agricultural policy in the viewpoint of developing economic equilibrium than efficiency by using actively the natural resources of the rural regions.

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