• Title/Summary/Keyword: forecast error

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A Study on Forecast of Penetration Amount of High-Efficiency Appliance Using Diffusion Models (확산 모형을 이용한 고효율기기의 보급량 예측에 관한 연구)

  • Park, Jong-Jin;So, Chol-Ho;Kim, Jin-O
    • Journal of Energy Engineering
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    • v.17 no.1
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    • pp.31-37
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    • 2008
  • At present, the target amount of demand-side management and investment cost of EE (Energy Efficiency) program, which consists of high-efficiency appliances, has been estimated simply by the diffusion function based on the real historical data in the past or last year. In the internal and external condition, the penetration amount of each appliance has been estimated by Bass diffusion model which is expressed by time and three coefficients. And enough acquisition of real historical data is necessary for reasonable estimation of coefficients. In energy efficiency, to estimate the target amount of demand-side management, the penetration amount of each appliance should be primarily forecasted by Bass diffusion model in Korea. On going programs, however, lightings, inverters, vending machine and motors have a insufficient real historical data which is a essential condition to forecast the penetration amount using a Bass diffusion model due to the short period of program progress. In other words, the forecast of penetration amount may not be exact, so that it is necessary for the method of forecast to apply improvement of method. In this paper, the penetration amount of high-efficiency appliances is forecasted by Bass, virtual Bass, Logistic and Lawrence & Lawton diffusion models to analyze the diffusion progress. And also, by statistic standards, each penetration is compared with historical data for model suitability by characteristic of each appliance. Based on the these result, in the forecast of penetration amount by diffusion model, the reason for error occurrence caused by simple application of diffusion model and preferences of each diffusion model far a characteristic of data are analyzed.

An Analysis of the Least Observing-Session Duration of GPS for the Retrieval of Precipitable Water Vapor (GPS 가강수량 산출을 위한 최소 관측세션 지속시간에 대한 분석)

  • Kim, Yoo-Jun;Han, Sang-Ok;Kim, Ki-Hoon;Kim, Seon-Jeong;Kim, Geon-Tae;Kim, Byung-Gon
    • Atmosphere
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    • v.24 no.3
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    • pp.391-402
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    • 2014
  • This study investigated the performances of precipitable water vapor (PWV) retrieval from the sets of ground global positioning system (GPS) signals, each of which had different length of observing-session duration, for the purpose of obtaining as short session duration as possible that is required at the least for appropriate retrieval of the PWV for meteorological usage. The shorter duration is highly desirable to make the most use of the GPS instrument on board the mobile observation vehicle making measurements place by place. First, using Bernese 5.0 software the PWV retrieval was conducted with the data sets of GPS signals archived continuously in 30 seconds interval during 2-month period of January and February, 2012 at Bukgangneung site. Each of the PWVs produced independently using different session durations was compared to that of radio-sonde launched at the same GPS location, a Bukgangneung site. Second, the same procedure was done using the data sets obtained from the mobile observation vehicle that was operating at Boseong area in Jeonnam province during Changma observation campaign in 2013, and the results were compared to that at Bukgangneung site. The results showed that as the observing-session duration increased the retrieval errors decreased with the dramatic change happening between 3 and 4 hours of the duration. On average, the root mean square error (RMSE) of the retrieved PWV was around 1 mm for the durations of greater than 4 hours. The results at both the Bukgangneung (fixed site) and Boseong (mobile vehicle) seemed to be fairly comparable with each other. From this study it is believed that at least 4 hours of observing-session duration is needed for the retrieval of PWV from the ground GPS for meteorological usage using Bernese 5.0 software.

Outlier Detection Based on Discrete Wavelet Transform with Application to Saudi Stock Market Closed Price Series

  • RASHEDI, Khudhayr A.;ISMAIL, Mohd T.;WADI, S. Al;SERROUKH, Abdeslam
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.1-10
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    • 2020
  • This study investigates the problem of outlier detection based on discrete wavelet transform in the context of time series data where the identification and treatment of outliers constitute an important component. An outlier is defined as a data point that deviates so much from the rest of observations within a data sample. In this work we focus on the application of the traditional method suggested by Tukey (1977) for detecting outliers in the closed price series of the Saudi Arabia stock market (Tadawul) between Oct. 2011 and Dec. 2019. The method is applied to the details obtained from the MODWT (Maximal-Overlap Discrete Wavelet Transform) of the original series. The result show that the suggested methodology was successful in detecting all of the outliers in the series. The findings of this study suggest that we can model and forecast the volatility of returns from the reconstructed series without outliers using GARCH models. The estimated GARCH volatility model was compared to other asymmetric GARCH models using standard forecast error metrics. It is found that the performance of the standard GARCH model were as good as that of the gjrGARCH model over the out-of-sample forecasts for returns among other GARCH specifications.

Effect of Nonuniform Vertical Grid on the Accuracy of Two-Dimensional Transport Model

  • Lee, Chung-Hui;Cheong, Hyeong-Bin;Kim, Hyun-Ju;Kang, Hyun-Gyu
    • Journal of the Korean earth science society
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    • v.39 no.4
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    • pp.317-326
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    • 2018
  • Effect of the nonuniform grid on the two-dimensional transport equation was investigated in terms of theoretical analysis and finite difference method (FDM). The nonuniform grid having a typical structure of the numerical weather forecast model was incorporated in the vertical direction, while the uniform grid was used in the zonal direction. The staggered and non-staggered grid were placed in the vertical and zonal direction, respectively. Time stepping was performed with the third-order Runge Kutta scheme. An error analysis of the spatial discretization on the nonuniform grid was carried out, which indicated that the combined effect of the nonuniform grid and advection velocity produced either numerical diffusion or numerical adverse-diffusion. An analytic function is used for the quantitative evaluation of the errors associated with the discretized transport equation. Numerical experiments with the non-uniformity of vertical grid were found to support the analysis.

A Suggestion for Data Assimilation Method of Hydrometeor Types Estimated from the Polarimetric Radar Observation

  • Yamaguchi, Kosei;Nakakita, Eiichi;Sumida, Yasuhiko
    • Proceedings of the Korea Water Resources Association Conference
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    • 2009.05a
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    • pp.2161-2166
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    • 2009
  • It is important for 0-6 hour nowcasting to provide for a high-quality initial condition in a meso-scale atmospheric model by a data assimilation of several observation data. The polarimetric radar data is expected to be assimilated into the forecast model, because the radar has a possibility of measurements of the types, the shapes, and the size distributions of hydrometeors. In this paper, an impact on rainfall prediction of the data assimilation of hydrometeor types (i.e. raindrop, graupel, snowflake, etc.) is evaluated. The observed information of hydrometeor types is estimated using the fuzzy logic algorism. As an implementation, the cloud-resolving nonhydrostatic atmospheric model, CReSS, which has detail microphysical processes, is employed as a forecast model. The local ensemble transform Kalman filter, LETKF, is used as a data assimilation method, which uses an ensemble of short-term forecasts to estimate the flowdependent background error covariance required in data assimilation. A heavy rainfall event occurred in Okinawa in 2008 is chosen as an application. As a result, the rainfall prediction accuracy in the assimilation case of both hydrometeor types and the Doppler velocity and the radar echo is improved by a comparison of the no assimilation case. The effects on rainfall prediction of the assimilation of hydrometeor types appear in longer prediction lead time compared with the effects of the assimilation of radar echo only.

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Operational Water Quality Forecast for the Nakdong River Basin Using HSPF Watershed Model (HSPF 유역모델을 이용한 낙동강유역 수질 예측)

  • Shin, Chang Min;Kim, Kyunghyun
    • Journal of Korean Society on Water Environment
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    • v.32 no.6
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    • pp.570-581
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    • 2016
  • A watershed model was constructed using the Hydrological Simulation Program Fortran to predict the water quality, especially chlorophyll-a concentraion, at major tributaries of the Nakdong River basin, Korea. The BOD export loads for each land use in HSPF model were estimated at $1.47{\sim}8.64kg/km^2/day$; these values were similar to the domestic monitoring export loads. The T-N and T-P export loads were estimated at $0.618{\sim}3.942kg/km^2/day$ and $0.047{\sim}0.246kg/km^2/day$, slightly less than the domestic monitoring data but within the range of foreign literature values. The model was calibrated at major tributaries for a three-year period (2008 to 2010). The deviation values ranged from -31.5~1.6% of chlorophyll-a, -24.0~2.2% of T-N, and -5.7~34.8% of T-P. The root mean square error (RMSE) ranged from 4.3~44.4 ug/L for chlorophyll-a, -0.6~1.5 mg/L for T-N, and 0.04~0.18 mg/L for T-P, which indicates good calibration results. The operational water quality forecasting results for chlorophyll-a presented in this study were in good agreement with measured data and had an accuracy similar with model calibration results.

Real Time Water Quality Forecasting at Dalchun Using Nonlinear Stochastic Model (추계학적 비선형 모형을 이용한 달천의 실시간 수질예측)

  • Yeon, In-sung;Cho, Yong-jin;Kim, Geon-heung
    • Journal of Korean Society of Water and Wastewater
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    • v.19 no.6
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    • pp.738-748
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    • 2005
  • Considering pollution source is transferred by discharge, it is very important to analyze the correlation between discharge and water quality. And temperature also influent to the water quality. In this paper, it is used water quality data that was measured DO (Dissolved Oxygen), TOC (Total Organic Carbon), TN (Total Nitrogen), TP (Total Phosphorus) at Dalchun real time monitoring stations in Namhan river. These characteristics were analyzed with the water quality of rainy and nonrainy periods. Input data of the water quality forecasting models that they were constructed by neural network and neuro-fuzzy was chosen as the reasonable data, and water quality forecasting models were applied. LMNN (Levenberg-Marquardt Neural Network), MDNN (MoDular Neural Network), and ANFIS (Adaptive Neuro-Fuzzy Inference System) models have achieved the highest overall accuracy of TOC data. LMNN and MDNN model which are applied for DO, TN, TP forecasting shows better results than ANFIS. MDNN model shows the lowest estimation error when using daily time, which is qualitative data trained with quantitative data. If some data has periodical properties, it seems effective using qualitative data to forecast.

A Study on the Demand Forecasting for IMT-2000 Services (IMT-2000 서비스의 수요예측)

  • Im, Su Deok;Jo, Jung Jae;Hwang, Jin Su;Jo, Yong Hwan
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.24 no.12A
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    • pp.2025-2033
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    • 1999
  • In this paper, we forecast launching time of the commercial IMT-2000 service as feb. 2001, according to expert’s opinion, and most of they forecast rapid evolution. And, we propose two different models according to two cases for competition power of price for IMT-2000 service subscriber demand forecasting. In this paper, we combine the expert’s opinion method with the growth curve model for demand forecasting for new products in order to reduce error of the demand forecasting that haven’t past references. The estimation of needed coefficients for each growth curve model is based on experts’ subjective opinions.

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Sensitivity Analysis of Temperature on Special Day Electricity Demand in Jeju Island (제주도의 특수일 전력수요에 대한 기온 민감도 분석)

  • Jo, Se-Won;Park, Rae-Jun;Kim, Kyeong-Hwan;Kwon, Bo-Sung;Song, Kyung-Bin;Park, Jeong-Do;Park, Hae-Su
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.67 no.8
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    • pp.1019-1023
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    • 2018
  • In this paper sensitivity analysis of temperature on special day electricity demand of land and Jeju Island is performed. The basic electricity demand per 3 hours is defined as electricity demand that reflects the GDP effect without the temperature influence. The temperature sensitivity per 3 hours is calculated through the relationship between special day electricity demand normalized to basic electricity demand and temperature. In the future, forecast error will be improved if the temperature sensitivity per 3 hours is applied to the special day load forecasting.

R&D Intensity and Regulation Fair Disclosure

  • Park, Jin-Ha;Shim, Hoshik
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.1
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    • pp.281-288
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    • 2019
  • This study examines the relationship between R&D intensity and disclosure. R&D activities are essential in bringing innovation to companies. However, R&D activities are naturally uncertain and increase information asymmetry. Thus, firms with high R&D activities are more likely to have the incentive to communicate the potential of R&D investment to the market through voluntary disclosure and, concurrently, resolve information asymmetry. Meanwhile, incentives to less voluntary disclosure exist because of the proprietary cost and the risk of competitiveness loss. Furthermore, the uncertainties inherent in R&D activities caused the possible decrease in the information accuracy. For the two opposing views, this study investigates the relationship between R&D intensity and disclosure frequency using the Regulation Fair Disclosure data in Korea. Moreover, the relationship between R&D intensity and usefulness of the information disclosed is also examined. Using firm sample listed in the 2011-2016 Korea Stock Market, results show that firms with high R&D intensity make disclosures more frequent. Subsequently, the analysis using forecast sample shows that management forecast error is higher in firms with high R&D intensity. This research contributes to the existing literature by presenting evidence that R&D intensity is a significant factor affecting manager's disclosure behavior and information usefulness.