• Journal of Intelligence and Information Systems
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• v.4 no.1
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• pp.133-147
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• 1998

Recently, many researchers have been involved in finding deterministic equations which can accurately predict future event, based on chaotic theory, or fractal theory. The theory says that some events which seem very random but internally deterministic can be accurately predicted by fractal equations. In contrast to the conventional methods, such as AR model, MA, model, or ARIMA model, the fractal equation attempts to discover a deterministic order inherent in time series data set. In discovering deterministic order, researchers have found that neural networks are much more effective than the conventional statistical models. Even though prediction accuracy of the network can be different depending on the topological structure and modification of the algorithms, many researchers asserted that the neural network systems outperforms other systems, because of non-linear behaviour of the network models, mechanisms of massive parallel processing, generalization capability based on adaptive learning. However, recent survey shows that prediction accuracy of the forecasting models can be determined by the model structure and data structures. In the experiments based on actual economic data sets, it was found that the prediction accuracy of the neural network model is similar to the performance level of the conventional forecasting model. Especially, for the data set which is deterministically chaotic, the AR model, a conventional statistical model, was not significantly different from the MLP model, a neural network model. This result shows that the forecasting model. This result shows that the forecasting model a, pp.opriate to a prediction task should be selected based on characteristics of the time series data set. Analysis of the characteristics of the data set was performed by fractal analysis, measurement of Hurst index, and measurement of Lyapunov exponents. As a conclusion, a significant difference was not found in forecasting future events for the time series data which is deterministically chaotic, between a conventional forecasting model and a typical neural network model.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.20 no.44
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• pp.243-255
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• 1997

Forecasting the future values of an observed time series is an important problem in many areas, including economics, traffic engineering, production planning, sales forecasting, and stock control. The purpose of this paper is aimed to discover the more efficient forecasting model through the parameter estimation and residual analysis among the quantitative method such as Winters' exponential smoothing model, Box-Jenkins' model, and Kalman filtering model. The mean of the time series is assumed to be a linear combination of known functions. For a parameter estimation and residual analysis, Winters', Box-Jenkins' model use Statgrap and Timeslab software, and Kalman filtering utilizes Fortran language. Therefore, this paper can be used in real fields to obtain the most effective forecasting model.

• Magazine of the Korean Society of Agricultural Engineers
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• v.45 no.2
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• pp.45-57
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• 2003

An artificial neural network model was developed to analyze and forecast Short-term river runoff from the Naju watershed, in Korea. Error back propagation neural networks (EBPN) of hourly rainfall and runoff data were found to have a high performance In forecasting runoff. The number of hidden nodes were optimized using total error and Bayesian information criterion. Model forecasts are very accurate (i.e., relative error is less than 3% and $R^2$is greater than 0.99) for calibration and verification data sets. Increasing the time horizon for application data sets, thus mating the model suitable for flood forecasting. decreases the accuracy of the model. The resulting optimal EBPN models for forecasting hourly runoff consists of ten rainfall and four runoff data(ANN0410 model) and ten rainfall and ten runoff data(ANN1010 model). Performances of the ANN0410 and ANN1010 models remain satisfactory up to 6 hours (i.e., $R^2$is greater than 0.92).

• IE interfaces
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• v.16 no.4
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• pp.400-410
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• 2003

Most of the demand forecasting which have been studied is about long-term time series over 15 years demand forecasting. In this paper, we set up the most optimal ARIMA model for the short-term time series demand forecasting and suggest demand forecasting system for short-term time series by appraising suitability and predictability. We are going to use the univariate ARIMA model in parallel with the bivariate transfer function model to improve the accuracy of forecasting. We also analyze the effect of advertisement cost, scale of branch stores, and number of clerk on the establishment of marketing policy by applying statistical methods. After then we are going to show you customer's needs, which are number of buying products. We have applied this method to forecast the annual sales of refrigerator in four branch stores of A company.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.6
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• pp.918-922
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• 2016

As the number of wind farms operating has increased, the interest of the central unit commitment and dispatch for wind power has increased as well. Wind power forecast is necessary for effective power system management and operation with high wind power penetrations. This paper presents the centralized wind power forecasting method, which is a forecast to combine all wind farms in the area into one, using time series models. Also, this paper proposes a prediction model modified with wind forecast error compensation. To demonstrate the improvement of wind power forecasting accuracy, the proposed method is compared with persistence model and new reference model which are commonly used as reference in wind power forecasting using Jeju Island data. The results of case studies are presented to show the effectiveness of the proposed wind power forecasting method.

• Architectural research
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• v.8 no.1
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• pp.77-84
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• 2006

In spite of enormous increase in data generation, its practical usage in the construction sector has not been prevalent enough compared to those of other industries. The author would explore the obstacles against efficient data application in the arena of expenditure forecasting, and suggest a forecasting method by applying Case-based Reasoning (CBR). The newly suggested method in the research, enables project managers to forecast monthly expenditures with less time and effort by retrieving and referring only projects of a similar nature, while filtering out irrelevant cases included in database. Among 99 projects collected, the cost data from 88 projects were processed to establish a new forecasting model. The remaining 10 projects were utilized for the validation of the model. From the comprehensive study, the choice of the numbers of referring projects was investigated in detail. It is concluded that selecting similar projects at 12~19 % out of the whole database will produce a more precise forecasting. The new forecasting model, which suggests the predicted values based on previous projects, is more than just a forecasting methodology; it provides a bridge that enables current data collection techniques to be used within the context of the accumulated information. This will eventually help all the participants in the construction industry to build up the knowledge derived from invaluable experience.

• Journal of Korean Society for Atmospheric Environment
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• v.26 no.6
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• pp.666-682
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• 2010

The forecasting system for Today's and Tomorrow's PM10 was developed based on the statistical model and the forecasting was performed at 9 AM to predict Today's 24 hour average PM10 concentration and at 5 PM to predict Tomorrow's 24 hour average PM10. The Today's forecasting model was operated based on measured air quality and meteorological data while Tomorrow's model was run by monitored data as well as the meteorological data calculated from the weather forecasting model such as MM5 (Mesoscale Meteorological Model version 5). The observed air quality data at ambient air quality monitoring stations as well as measured and forecasted meteorological data were reviewed to find the relationship with target PM10 concentrations by the regression analysis. The PM concentration, wind speed, precipitation rate, mixing height and dew-point deficit temperature were major variables to determine the level of PM10 and the wind direction at 500 hpa height was also a good indicator to identify the influence of long-range transport from other countries. The neural network, regression model, and decision tree method were used as the forecasting models to predict the class of a comprehensive air quality index and the final forecasting index was determined by the most frequent index among the three model's predicted indexes. The accuracy, false alarm rate, and probability of detection in Tomorrow's model were 72.4%, 0.0%, and 42.9% while those in Today's model were 80.8%, 12.5%, and 77.8%, respectively. The statistical model had the limitation to predict the rapid changing PM10 concentration by long-range transport from the outside of Korea and in this case the chemical transport model would be an alternative method.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.4
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• pp.83-92
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• 2022

Due to the uncertainty in the order of the integrated model, the SARIMA-LSTM model, SARIMA-SVR model, LSTM-SARIMA model, and SVR-SARIMA model are constructed respectively to determine the best-combined model for forecasting the China-Russia trade turnover. Meanwhile, the effect of the order of the combined models on the prediction results is analyzed. Using indicators such as MAPE and RMSE, we compare and evaluate the predictive effects of different models. The results show that the SARIMA-LSTM model combines the SARIMA model's short-term forecasting advantage with the LSTM model's long-term forecasting advantage, which has the highest forecast accuracy of all models and can accurately predict the trend of China-Russia trade turnover in the post-epidemic period. Furthermore, the SARIMA - LSTM model has a higher forecast accuracy than the LSTM-ARIMA model. Nevertheless, the SARIMA-SVR model's forecast accuracy is lower than the SVR-SARIMA model's. As a result, the combined models' order has no bearing on the predicting outcomes for the China-Russia trade turnover time series.

• Journal of Technology Innovation
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• v.15 no.2
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• pp.83-102
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• 2007

This study extends the existing method of Technology Forecasting with Data Envelopment Analysis (TFDEA) by incorporating a ranking method into the model so that we can reduce the required number of DMUs (Decision Making Units). TFDEA estimates technological rate of change with the set of observations identified by DEA(Data Envelopment Analysis) model. It uses an excessive number of efficient DMUs(Decision Making Units), when the number of inputs and outputs is large compare to the number of observations. Hence, we investigated the possibility of incorporating CCCA(Constrained Canonical Correlation Analysis) into TFDEA so that the ranking of DMUs can be made. Using the ranks developed by CCCA(Constrained Canonical Correlation Analysis), we could limit the number of efficient DMUs that are to be used in the technology forecasting process. The proposed hybrid model could establish technology frontiers with the efficient DMUs for each generation of technology with the help of CCCA that uses the common weights. We applied our hybrid model to forecast the technological progress of main battle tank in order to demonstrate its forecasting capability with practical application. It was found that our hybrid model generated statistically more reliable forecasting results than both TFDEA and the regression model.

• Journal of Korea Water Resources Association
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• v.37 no.2
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• pp.145-154
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• 2004

The purpose of this study is to develop a real-time forecasting model in order to predict the flood runoff which has the nature of non-linearity and to verify applicability of neural network model for flood warning system. Developed model based on neural network, NRDFM(Neural River Discharge-Stage Forecasting Model) is applied to predict the flood discharge on Waekwann and Jindong stations in Nakdong river basin. As a result of flood forecasting on these two stations, it can be concluded that NRDFM-II is the best predictive model for real-time operation. In addition, the results of forecasting used on NRDFM-I and NRDFM-II model are not bad and these models showed sufficient probability for real-time flood forecasting. Consequently, it is expected that NRDFM in this study can be utilized as suitable model for real-time flood warning system and this model can perform flood control and management efficiently.