• Title/Summary/Keyword: Time series forecasting

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The Effect of the Reduction in the Interest Rate Due to COVID-19 on the Transaction Prices and the Rental Prices of the House

  • KIM, Ju-Hwan;LEE, Sang-Ho
    • The Journal of Industrial Distribution & Business
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    • v.11 no.8
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    • pp.31-38
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    • 2020
  • Purpose: This study uses 'Autoregressive Integrated Moving Average Model' to predict the impact of a sharp drop in the base rate due to COVID-19 at the present time when government policies for stabilizing house prices are in progress. The purpose of this study is to predict implications for the direction of the government's house policy by predicting changes in house transaction prices and house rental prices after a sharp cut in the base rate. Research design, data, and methodology: The ARIMA intervention model can build a model without additional information with just one time series. Therefore, it is a time-series analysis method frequently used for short-term prediction. After the subprime mortgage, which had shocked since the global financial crisis in April 2007, the bank's interest rate in 2020 is set at a time point close to zero at 0.75%. After that, the model was estimated using the interest rate fluctuations for the Bank of Korea base interest rate, the house transaction price index, and the house rental price index as event variables. Results: In predicting the change in house transaction price due to interest rate intervention, the house transaction price index due to the fall in interest rates was predicted to change after 3 months. As a result, it was 102.47 in April 2020, 102.87 in May 2020, and 103.21 in June 2020. It was expected to rise in the short term. In forecasting the change in house rental price due to interest rate intervention, the house rental price index due to the drop in interest rate was predicted to change after 3 months. As a result, it was 97.76 in April 2020, 97.85 in May 2020, and 97.97 in June 2020. It was expected to rise in the short term. Conclusions: If low interest rates continue to stimulate the contracted economy caused by COVID-19, it seems that there is ample room for house transaction and rental prices to rise amid low growth. Therefore, In order to stabilize the house price due to the low interest rate situation, it is considered that additional measures are needed to suppress speculative demand.

Application of Web Query Information for Forecasting Korean Unemployment Rate (실업률 예측을 위한 인터넷 검색 정보의 활용)

  • Kwon, Chi-Myung;Hwang, Sung-Won;Jung, Jae-Un
    • Journal of the Korea Society for Simulation
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    • v.24 no.2
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    • pp.31-39
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    • 2015
  • Unemployment is related to social issues as well as personal economics activity so various policies have been made to reduce the unemployment rate in many countries. Because of delay inherent in the survey mechanism to collect unemployment data, it takes lots of time to acquire survey unemployment data. To develop proper policies for reducing unemployment rate at the right time, it is quite critical to obtain faster and more accurate information concerning about unemployment level. To remedy this problem, recently an advanced analytics utilizing internet queries is suggested. To examine the potential of Web query information, this research investigates the usefulness of internet activity data to predict Korean unemployment rate. One of selected web-query data(unemployment claim) has a quite strong correlation with unemployment rate. This research employes a time series approach of the ARIMA model that utilizes the information of keyword queries provided by the Naver(Korean representative portal site) trend together with unemployment rate data provisioned from Statistics Korea. With respect to model selection guidelines of mean squared error and prediction error, the model with utilizing the web query information shows better results than the model without such information. This suggests that there is a strong potential for the used method, which needs to be further explored.

Efficient AIOT Information Link Processing in Cloud Edge Environment Using Blockchain-Based Time Series Information (블록체인 기반의 시계열 정보를 이용한 클라우드 엣지 환경의 효율적인 AIoT 정보 연계 처리 기법)

  • Jeong, Yoon-Su
    • Journal of the Korea Convergence Society
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    • v.12 no.3
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    • pp.9-15
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    • 2021
  • With the recent development of 5G and artificial intelligence technologies, it is interested in AIOT technology to collect, process, and analyze information in cloud edge environments. AIIoT technology is being applied to various smart environments, but research is needed to perform fast response processing through accurate analysis of collected information. In this paper, we propose a technique to minimize bandwidth and processing time by blocking the connection processing between AIOT information through fast processing and accurate analysis/forecasting of information collected in the smart environment. The proposed technique generates seeds for data indexes on AIOT devices by multipointing information collected by blockchain, and blocks them along with collection information to deliver them to the data center. At this time, we deploy Deep Neural Network (DNN) models between cloud and AIOT devices to reduce network overhead. Furthermore, server/data centers have improved the accuracy of inaccurate AIIoT information through the analysis and predicted results delivered to minimize latency. Furthermore, the proposed technique minimizes data latency by allowing it to be partitioned into a layered multilayer network because it groups it into blockchain by applying weights to AIOT information.

An Object-Based Verification Method for Microscale Weather Analysis Module: Application to a Wind Speed Forecasting Model for the Korean Peninsula (미기상해석모듈 출력물의 정확성에 대한 객체기반 검증법: 한반도 풍속예측모형의 정확성 검증에의 응용)

  • Kim, Hea-Jung;Kwak, Hwa-Ryun;Kim, Sang-il;Choi, Young-Jean
    • The Korean Journal of Applied Statistics
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    • v.28 no.6
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    • pp.1275-1288
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    • 2015
  • A microscale weather analysis module (about 1km or less) is a microscale numerical weather prediction model designed for operational forecasting and atmospheric research needs such as radiant energy, thermal energy, and humidity. The accuracy of the module is directly related to the usefulness and quality of real-time microscale weather information service in the metropolitan area. This paper suggests an object based verification method useful for spatio-temporal evaluation of the accuracy of the microscale weather analysis module. The method is a graphical method comprised of three steps that constructs a lattice field of evaluation statistics, merges and identifies objects, and evaluates the accuracy of the module. We develop lattice fields using various evaluation spatio-temporal statistics as well as an efficient object identification algorithm that conducts convolution, masking, and merging operations to the lattice fields. A real data application demonstrates the utility of the verification method.

Chaotic Disaggregation of Daily Rainfall Time Series (카오스를 이용한 일 강우자료의 시간적 분해)

  • Kyoung, Min-Soo;Sivakumar, Bellie;Kim, Hung-Soo;Kim, Byung-Sik
    • Journal of Korea Water Resources Association
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    • v.41 no.9
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    • pp.959-967
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    • 2008
  • Disaggregation techniques are widely used to transform observed daily rainfall values into hourly ones, which serve as important inputs for flood forecasting purposes. However, an important limitation with most of the existing disaggregation techniques is that they treat the rainfall process as a realization of a stochastic process, thus raising questions on the lack of connection between the structure of the models on one hand and the underlying physics of the rainfall process on the other. The present study introduces a nonlinear deterministic (and specifically chaotic) framework to study the dynamic characteristics of rainfall distributions across different temporal scales (i.e. weights between scales), and thus the possibility of rainfall disaggregation. Rainfall data from the Seoul station (recorded by the Korea Meteorological Administration) are considered for the present investigation, and weights between only successively doubled resolutions (i.e., 24-hr to 12-hr, 12-hr to 6-hr, 6-hr to 3-hr) are analyzed. The correlation dimension method is employed to investigate the presence of chaotic behavior in the time series of weights, and a local approximation technique is employed for rainfall disaggregation. The results indicate the presence of chaotic behavior in the dynamics of weights between the successively doubled scales studied. The modeled (disaggregated) rainfall values are found to be in good agreement with the observed ones in their overall matching (e.g. correlation coefficient and low mean square error). While the general trend (rainfall amount and time of occurrence) is clearly captured, an underestimation of the maximum values are found.

High Resolution Probabilistic Quantitative Precipitation Forecasting in Korea

  • Oh, Jai-Ho;Kim, Ok-Yeon;Yi, Han-Se;Kim, Tae-Kuk
    • The Korean Journal of Quaternary Research
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    • v.19 no.2
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    • pp.74-79
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    • 2005
  • Recently, several attempts have been made to provide reasonable information on unusual severe weather phenomena such as tolerant heavy rains and very wild typhoons. Quantitative precipitation forecasts and probabilistic quantitative precipitation forecasts (QPFs and PQPFs, respectively) might be one of the most promising methodologies for early warning on the flesh floods because those diagnostic precipitation models require less computational resources than fine-mesh full-dynamics non-hydrostatic mesoscale model. The diagnostic rainfall model used in this study is the named QPM(Quantitative Precipitation Model), which calculates the rainfall by considering the effect of small-scale topography which is not treated in the mesoscale model. We examine the capability of probabilistic diagnostic rainfall model in terms of how well represented the observed several rainfall events and what is the most optimistic resolution of the mesoscale model in which diagnostic rainfall model is nested. Also, we examine the integration time to provide reasonable fine-mesh rainfall information. When we apply this QPM directly to 27 km mesh meso-scale model (called as M27-Q3), it takes about 15 min. while it takes about 87 min. to get the same resolution precipitation information with full dynamic downscaling method (called M27-9-3). The quality of precipitation forecast by M27-Q3 is quite comparable with the results of M27-9-3 with reasonable threshold value for precipitation. Based on a series of examination we may conclude that the proosed QPM has a capability to provide fine-mesh rainfall information in terms of time and accuracy compared to full dynamical fine-mesh meso-scale model.

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Recognition Model of the Vehicle Type usig Clustering Methods (클러스터링 방법을 이용한 차종인식 모형)

  • Jo, Hyeong-Gi;Min, Jun-Yeong;Choe, Jong-Uk
    • The Transactions of the Korea Information Processing Society
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    • v.3 no.2
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    • pp.369-380
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    • 1996
  • Inductive Loop Detector(ILD) has been commonly used in collecting traffic data such as occupancy time and non-occupancy time. From the data, the traffic volume and type of passing vehicle is calculated. To provide reliable data for traffic control and plan, accuracy is required in type recognition which can be utilized to determine split of traffic signal and to provide forecasting data of queue-length for over-saturation control. In this research, a new recognition model issuggested for recognizing typeof vehicle from thecollected data obtained through ILD systems. Two clustering methods, based on statistical algorithms, and one neural network clustering method were employed to test the reliability and occuracy for the methods. In a series of experiments, it was found that the new model can greatly enhance the reliability and accuracy of type recongition rate, much higher than conventional approa-ches. The model modifies the neural network clustering method and enhances the recongition accuracy by iteratively applying the algorithm until no more unclustered data remains.

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A study on stock price prediction system based on text mining method using LSTM and stock market news (LSTM과 증시 뉴스를 활용한 텍스트 마이닝 기법 기반 주가 예측시스템 연구)

  • Hong, Sunghyuck
    • Journal of Digital Convergence
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    • v.18 no.7
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    • pp.223-228
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    • 2020
  • The stock price reflects people's psychology, and factors affecting the entire stock market include economic growth rate, economic rate, interest rate, trade balance, exchange rate, and currency. The domestic stock market is heavily influenced by the stock index of the United States and neighboring countries on the previous day, and the representative stock indexes are the Dow index, NASDAQ, and S & P500. Recently, research on stock price analysis using stock news has been actively conducted, and research is underway to predict the future based on past time series data through artificial intelligence-based analysis. However, even if the stock market is hit for a short period of time by the forecasting system, the market will no longer move according to the short-term strategy, and it will have to change anew. Therefore, this model monitored Samsung Electronics' stock data and news information through text mining, and presented a predictable model by showing the analyzed results.

A Study on ODA Budget Allocation by Economic Development Stage and International Norm (경제발전과 국제규범 형성에 기반한 ODA 예산규모에 관한 연구)

  • Chang, Ji-Soon;Jeon, Yongil
    • International Area Studies Review
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    • v.18 no.3
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    • pp.3-21
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    • 2014
  • The OECD DAC has recommended the member countries to raise the ODA budget by 0.7% of GNI. Most of DAC's members, howver, have not reached at the target level, mainly due to global economic crisis, with some exceptions in Northern Europe countries. Korea has increased the ODA budget allocation dramatically, but she could not still meet even the level 0.3%, which is the average level of DAC countries. In terms of national budget operation, DAC country groups are classified as the international norm type and the self-economic dependence type. And then, this study analyzes the time trends of the ODA budget in Korea, comparing with DAC's members on the economic scale. By forecasting Korean ODA budgets by country-type classifications, the optimal size of Korean government's ODA budget is proposed and discussed.

Research on Prediction of Maritime Traffic Congestion to Support VTSO (관제 지원을 위한 선박 교통 혼잡 예측에 관한 연구)

  • Jae-Yong Oh;Hye-Jin Kim
    • Journal of Navigation and Port Research
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    • v.47 no.4
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    • pp.212-219
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    • 2023
  • Vessel Traffic Service (VTS) area presents a complex traffic pattern due to ships entering or leaving the port to utilize port facilities, as well as ships passing through the coastal area. To ensure safe and efficient management of maritime traffic, VTS operators continuously monitor and control vessels in real time. However, during periods of high traffic congestion, the workload of VTS operators increases, which can result in delayed or inadequate VTS services. Therefore, it would be beneficial to predict traffic congestion and congested areas to enable more efficient traffic control. Currently, such prediction relies on the experience of VTS operators. In this paper, we defined vessel traffic congestion from the perspective of a VTS operator. We proposed a method to generate traffic networks using historical navigational data and predict traffic congestion and congested areas. Experiments were performed to compare prediction results with real maritime data (Daesan port VTS) and examine whether the proposed method could support VTS operators.