• Title/Summary/Keyword: error estimate

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A Study on the Impact of Oil Price Volatility on Korean Macro Economic Activities : An EGARCH and VECM Approach (국제유가의 변동성이 한국 거시경제에 미치는 영향 분석 : EGARCH 및 VECM 모형의 응용)

  • Kim, Sang-Su
    • Journal of Distribution Science
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    • v.11 no.10
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    • pp.73-79
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    • 2013
  • Purpose - This study examines the impact of oil price volatility on economic activities in Korea. The new millennium has seen a deregulation in the crude oil market, which invited immense capital inflow into Korea. It has also raised oil price levels and volatility. Drawing on the recent theoretical literature that emphasizes the role of volatility, this paper attends to the asymmetric changes in economic growth in response to the oil price movement. This study further examines several key macroeconomic variables, such as interest rate, production, and inflation. We come to the conclusion that oil price volatility can, in some part, explain the structural changes. Research design, data, and methodology - We use two methodological frameworks in this study. First, in regards to the oil price uncertainty, we use an Exponential-GARCH (Exponential Generalized Autoregressive Conditional Heteroskedasticity: EGARCH) model estimate to elucidate the asymmetric effect of oil price shock on the conditional oil price volatility. Second, along with the estimation of the conditional volatility by the EGARCH model, we use the estimates in a VECM (Vector Error Correction Model). The study thus examines the dynamic impacts of oil price volatility on industrial production, price levels, and monetary policy responses. We also approximate the monetary policy function by the yield of monetary stabilization bond. The data collected for the study ranges from 1990: M1 to 2013: M7. In the VECM analysis section, the time span is split into two sub-periods; one from 1990 to 1999, and another from 2000 to 2013, due to the U.S. CFTC (Commodity Futures Trading Commission) deregulation on the crude oil futures that became effective in 2000. This paper intends to probe the relationship between oil price uncertainty and macroeconomic variables since the structural change in the oil market became effective. Results and Conclusions - The dynamic impulse response functions obtained from the VECM show a prolonged dampening effect of oil price volatility shock on the industrial production across all sub-periods. We also find that inflation measured by CPI rises by one standard deviation shock in response to oil price uncertainty, and lasts for the ensuing period. In addition, the impulse response functions allude that South Korea practices an expansionary monetary policy in response to oil price shocks, which stems from oil price uncertainty. Moreover, a comparison of the results of the dynamic impulse response functions from the two sub-periods suggests that the dynamic relationships have strengthened since 2000. Specifically, the results are most drastic in terms of industrial production; the impact of oil price volatility shocks has more than doubled from the year 2000 onwards. These results again indicate that the relationships between crude oil price uncertainty and Korean macroeconomic activities have been strengthened since the year2000, which resulted in a structural change in the crude oil market due to the deregulation of the crude oil futures.

The Evaluation of Application to MODIS LAI (Leaf Area Index) Product (MODIS LAI (엽면적지수) Product의 활용성 평가)

  • Ha, Rim;Shin, Hyung-Jin;Park, Geun-Ae;Hong, Woo-Yong;Kim, Seong-Jun
    • Journal of the Korean Association of Geographic Information Studies
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    • v.11 no.2
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    • pp.61-72
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    • 2008
  • Leaf area index (LAI) is a key biophysical variable influencing land surface processes such as photosynthesis, transpiration and energy balance, and is a required input to estimate evapotranspiration in various ecological and hydrological models. The development of more correct and useful LAIs estimation techniques is required by these importance, but LAIs had been assumed in most LAI research through simple relations with the normalized difference vegetation index (NDVI) because the field measurement is difficult on wide area. This paper is to evaluate the MODIS LAI Product's practical use by comparing with LAIs that is derived from NOAA AVHRR NDVIs and the 2 years (2003-2004) measured LAIs of Korea Forest Research Institute in Gyeongancheon watershed (561.12 $Km^2$). As a result, the MODIS LAIs of deciduous forests showed higher values about 14 % and 15~30 % than the measured LAIs and NOAA LAIs. In the year of 2003, the MODIS LAIs in coniferous forests were 5 % higher than the measured LAIs, and showed about 7 % differences comparing with the NOAA LAIs except April. These differences come from the insufficient field data measured in partial points of the target area, and the extracted reference data from MODIS LAIs include the limits of spatial resolution and the error of incorrect land cover classification. Thus, using the MODIS data by the proper correction with the measured data can be useful as an input data for ecological and hydrological models which offers the vegetation information and simulates the water balance of a given watershed.

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Rapid Optimization of Multiple Isocenters Using Computer Search for Linear Accelerator-based Stereotactic Radiosurgery (Multiple isocenter를 이용한 뇌정위적 방사선 수술시 컴퓨터 자동 추적 방법에 의한 고속의 선량 최적화)

  • Suh Tae-suk;Park Charn Il;Ha Sung Whan;Yoon Sei Chul;Kim Moon Chan;Bahk Yong Whee;Shinn Kyung Sub
    • Radiation Oncology Journal
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    • v.12 no.1
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    • pp.109-115
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    • 1994
  • The purpose of this paper is to develop an efficient method for the quick determination of multiple isocenters plans to provide optimal dose distribution in sterotactic radiosurgery. A Spherical dose model was developed through the use of fit to the exact dose data calculated in a 18cm diameter of spherical head phantom. It computes dose quickly for each spherical part and is useful to estimate dose distribution for multiple isocenters. An automatic computer search algorithm was developed using the relationship between the isocenter move and the change of dose shape, and adapted with a spherical dose model to determine isocenter separation and cellimator sizes quickly and automatically. A spheric81 dose model shows a comparable isodose distribution with exact dose data and permits rapid calculations of 3-D isodoses. the computer search can provide reasonable isocenter settings more quickly than trial and error types of plans, while producing steep dose gradient around target boundary. A spherical dose model can be used for the quick determination of the multiple isocenter plans with 3 computer automatic search. Our guideline is useful to determine the initial multiple isocenter plans.

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Evaluation of Feed Values for Whole Crop Rice Using Near Infrared Reflectance Spectroscopy (근적외선분광법을 이용한 사료용 벼의 사료가치 평가)

  • Kim, Ji Hye;Lee, Ki-Won;Oh, Mirae;Park, Hyung Soo
    • Journal of The Korean Society of Grassland and Forage Science
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    • v.39 no.4
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    • pp.292-297
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    • 2019
  • In this study, whole crop rice samples were used to develop near-infrared reflectance (NIR) equations to estimate six forage quality parameters: Moisture, crude protein (CP), neutral detergent fiber (NDF), acid detergent fiber (ADF), Ash and relative feed value (RFV). A population of 564 whole crop rice representing a wide range in chemical parameters was used in this study. Undried finely chopped whole crop rice samples were scanned at 1 nm intervals over the wavelength range 680-2500 nm and the optical data recorded as log 1/Reflectance (log 1/R). NIRS calibrations were developed by means of partial least-squares (PLS) regression. The correlation coefficients of cross-validation (R2cv) and standard error of cross-validation (SECV) for whole crop rice calibration were 0.98 (SECV 1.81%) for moisture, 0.89 (SECV 0.50%) for CP, 0.86 (SECV 1.79%) for NDF, 0.89 (SECV 0.86%) for ash, and 0.84 (SECV 5.21%) for RFV on a dry matter (%), respectively. The NIRS calibration equations developed in this study will be useful in predicting whole crop rice quality for these six quality parameters.

Prediction of Occupant Load Density using People Counting System in Discount Stores (무인계수시스템을 이용한 대형할인점의 재실자밀도 예측)

  • Seo, Dong-Goo;Hwang, Eun-Kyoung
    • Fire Science and Engineering
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    • v.31 no.6
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    • pp.53-59
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    • 2017
  • The purpose of this study is to verify the suitability of the current standards by predicting the density of the occupant load density for discount stores. An internal data survey as well as an actual survey using a People Counting System (PCS) were employed to ascertain the number of occupants and 95% confidence interval of nationwide discount stores. According to the results of the actual survey, the time and days on which the maximum number of occupants were reached was from 16:00 to 18:00 and Christmas Eve and the weekend before New Year's Day, respectively. From the results of the maximum number of occupants, a regression equation was derived from the relationship between the internal data and the amount of sales, and this equation was verified in a previous study. Thus, the internal data of 50 discount stores were analyzed using this process. As a result, the 95% confidence interval was determined to be $2.7{\sim}2.9m^2/pers.$ and the error level was not large compared to the domestic and foreign standards. Therefore, this study proposes that a conservative estimate of the standard occupant load density for discount stores is $2.7m^2/pers.$

Proposing a Technique for Regional Flood Frequency Analysis: Bayesian-GLS Regression (국내 지역 홍수빈도해석을 위한 기법 제안: Bayesian-GLS 회귀)

  • Jeong, Dae-Il;Stedinger, Jery R.;Kim, Young-Oh;Sung, Jang-Hyun
    • Proceedings of the Korea Water Resources Association Conference
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    • 2007.05a
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    • pp.241-245
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    • 2007
  • 국내 홍수빈도 분포의 매개변수 추정에서 지점추정(at-site estimate) 방법은 유량 자료의 부족으로 발생하는 표본오차(sampling error)가 크기 때문에 충분한 유량 자료를 보유한 지점에 한하여 제한적으로 사용되고 있다. 대안으로 동질성을 가진 유역의 유량 자료를 모아 지역 매개변수를 추정하는 지수홍수법(Index Flood Method)이 제안되기도 하였으나, 이질성이 큰 우리나라의 유역특성 때문에 적용이 쉽지 않다. Stedinger와 Tasker가 1986년 제안한 GLS(Generalized Least Square) 기법은 유역을 동질지역으로 구분할 필요가 없으며 지점들간의 상관관계와 이분산성을 고려할 수 있어, 국내 홍수빈도 해석을 위해서 꼭 도입해야할 기법으로 생각된다. 본 연구에서는 기존의 GLS 기법의 단점을 보완한 Bayesian-GLS 기법을 이용하여, 국내 대유역에 골고루 위치하며 댐의 영향을 받지 않는 31개 지점의 연최대 일유량 시계열의 L-변동계수(L-moment coefficient variation)와 L-왜도계수(L-moment coefficient skewness)를 추정할 수 있는 회귀모형을 제안하였다. 위 회귀모형을 구성하기 위한 유역특성으로는 유역면적, 유역경사, 유역평균강우 등을 사용하였다. Bayesian-GLS (B-GLS) 적용 결과를 OLS(Ordinary Least Square) 및 Bayesian-GLS 기법에서 지점간의 상관관계를 고려하지 않는 Bayesian-WLS(Weighted Least Square)와 비교 평가하여 그 우수성을 입증하였다. 따라서 본 연구에서 제안된 B-GLS에 의한 지역회귀모형은 국내의 미계측유역이나 또는 관측 길이가 짧은 계측유역의 홍수빈도분석을 위해 매우 유용할 것으로 기대된다.년 홍수 피해가 발생하고 있지만, 다른 한편 인구밀도가 높고 1인당 가용 수자원이 상대적으로 적기 때문에 국지적 물 부족 문제를 경험하고 있다. 최근 국제적으로도 농업용수의 물 낭비 최소화와 절약 노력 및 타 분야 물 수요 증대에 대한 대응 능력 제고가 매우 중요한 과제로 부각되고 있다. 2006년 3월 멕시코에서 개최된 제4차 세계 물 포럼에서 국제 강 네트워크는 "세계 물 위기의 주범은 농경지", "농민들은 모든 물 위기 논의에서 핵심"이라고 주장하고, 전 프랑스 총리 미셀 로카르는 "...관개시설에 큰 문제점이 있고 덜 조방적 농업을 하도록 농민들을 설득해야 한다. 이는 전체 농경법을 바꾸는 문제..."(segye.com, 2006. 3. 19)라고 주장하는 등 세계 물 문제 해결을 위해서는 농업용수의 효율적 이용 관리가 중요함을 강조하였다. 본 연구는 이러한 국내외 여건 및 정책 환경 변화에 적극적으로 대처하고 물 분쟁에 따른 갈등해소 전략 수립과 효율적인 물 배분 및 이용을 위한 기초연구로서 농업용수 수리권과 관련된 법 및 제도를 분석하였다.. 삼요소의 시용 시험결과 그 적량은 10a당 질소 10kg, 인산 5kg, 및 가리 6kg 정도였으며 질소는 8kg 이상의 경우에는 분시할수록 비효가 높았으며 특히 벼의 후기 중점시비에 의하여 1수영화수와 결실율의 증대가 크게 이루어졌다. 3. 파종기와 파종량에 관한 시험결과는 공시품종선단의 파종적기는 4월 25일부터 5월 10일경까지 인데 이 기간중 일찍 파종하는 경우에 파종적량은 10a당 약 8${\ell}$이고 늦은 경우에는 12${\ell}$ 정도였다. 여기서 늦게 파종한 경우 감수의 가장 큰 원인은 1수영화수가 적어지기 때문이었다. 4. 건답직파에 대한 담수상태로 관수를 시작하는 적기는 파종후

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Precision Improvement of GPS Height Time Series by Correcting for Atmospheric Pressure Loading Displacements (대기압하중에 의한 지각변위 보정을 통한 GPS 수직좌표 시계열 정밀도 향상)

  • Kim, Kyeong-Hui;Park, Kwan-Dong
    • Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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    • v.27 no.5
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    • pp.599-605
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    • 2009
  • Changes of atmospheric pressures cause short- and long-term crustal deformations and thus become error sources in the site positions estimated from space geodesy equipments. In this study, we computed daily displacements due to the atmospheric pressure loading (ATML) at the 14 permanent GPS sites operated by National Geographic Information Institute. And the 10-year GPS data collected at those stations were processed to create a continuous time series of the height estimate. Then, we corrected for the ATML from the GPS height time series to see if the correction changes the site velocity and improves the precision of the time series. While the precision improved by about 4% on average, the velocity change was not significant at all. We also investigated the overall characteristics of the ATML in the southern Korean peninsula by computing the ATML effects at the inland grid points with a $0.5^{\circ}{\times}0.5^{\circ}$ spatial resolution. We found that ATML displacements show annual signals and those signals can be fitted with sinusoidal functions. The amplitudes were in the range of 3-4 mm, and they were higher at higher latitudes and lower at the costal area.

Estimation of Software Development Efforts and Schedule Based on A Ballpark Schedule Estimation Table (개략적 일정추정표 기반 소프트웨어 개발노력과 일정 추정)

  • Park, Young-Mok
    • Journal of Internet Computing and Services
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    • v.8 no.4
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    • pp.105-117
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    • 2007
  • In order to succeed in a bid or development, the project manager should estimate its cost and schedule more accurately in the early stage of the project. Usually, the nominal schedule of most projects can be derived from rule of thumb, first-order estimation practice, or ball-park schedule estimation table. But the rule-of-thumb models for the nominal schedule estimation are so various, and the first-order estimation practice does not provide sufficient information. So they do not help much to decide on the proper development effort and schedule for a particular size of project. This paper presents a statistical regression model for deciding the development effort and schedule of a project using the ball-park schedule estimation table. First, we have redefined such words suggested in the ballpark schedule estimation table as shortest possible schedule, efficient schedule and nominal schedule, Next, we have investigated the relationship between the development effort and the schedule. Finally, we have suggested a model for estimating the development effort and the more accurate schedule of such particular sizes of software as are not presented in the ball-park schedule estimation table. The experimental results show that our proposed regression analysis model decreases the mean magnitude of relative error by 2% at maximum. Also this model can estimated the development effort and schedule for a particular size of software.

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A Proposal of Durability Prediction Models and Development of Effective Tunnel Maintenance Method Through Field Application (내구성 예측식의 제안 및 현장적용을 통한 효율적인 터널 유지관리 기법의 개발)

  • Cho, Sung Woo;Lee, Chang Soo
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.16 no.5
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    • pp.148-160
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    • 2012
  • This study proposed more reasonable prediction models on compressive strength and carbonation of concrete structure and developed a more effective tunnel safety diagnosis and maintenance method through field application of the proposed prediction models. For this study, the Seoul Metro's Line 1 through Line 4 were selected as target structures because they were built more than 30 years ago and have accumulated numerous diagnosis and maintenance data for about 15 years. As a result of the analysis of compressive strength and carbonation, we were able to draw prediction models with accuracy of more than 80% and confirmed the prediction model's reliability by comparing it with the existing models. We've also confirmed field suitability of the prediction models by applying field, the average error of an estimate on compressive strength and carbonation depth was about 20%, which showed an accuracy of more than 80%. We developed a more effective maintenance method using durability prediction Map before field inspection. With the durability prediction Map, diagnostic engineers and structure managers can easily detect the vulnerable points, which might have failed to reach the standard of designed strength or have a high probability of corrosion due to carbonation, therefore, it is expected to make it possible for them to diagnose and maintain tunnels more effectively and efficiently.

Performance of Angstrom-Prescott Coefficients under Different Time Scales in Estimating Daily Solar Radiation in South Korea (시간규모가 다른 Angstrom-Prescott 계수가 남한의 일별 일사량 추정에 미치는 영향)

  • Choi, Mi-Hee;Yun, Jin-I.;Chung, U-Ran;Moon, Kyung-Hwan
    • Korean Journal of Agricultural and Forest Meteorology
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    • v.12 no.4
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    • pp.232-237
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    • 2010
  • While global solar radiation is an essential input variable in crop models, the observation stations are relatively sparse compared with other meteorological elements. Instead of using measured solar radiation, the Angstrom-Prescott model estimates have been widely used. Monthly data for solar radiation and sunshine duration are a convenient basis for deriving Angstrom-Prescott coefficients (a, b), but it is uncertain whether daily solar radiation could be estimated with a sufficient accuracy by the monthly data - derived coefficients. We derived the Angstrom-Prescott coefficients from the 25 years observed global solar radiation and sunshine duration data at 18 locations across South Korea. In order to figure out any improvements in estimating daily solar radiation by replacing monthly data with daily data, the coefficients (a, b) for each month were derived separately from daily data and monthly data. Local coefficients for eight validation sites were extracted from the spatially interpolated maps of the coefficients and used to estimate daily solar radiation from September 2008 to August 2009 when, pyranometers were operated at the same sites for validation purpose. Comparison with the measured radiation showed a better performance of the daily data - derived coefficients in estimating daily global solar radiation than the monthly data - derived coefficients, showing 9.3% decrease in the root mean square error (RMSE).