• Title/Summary/Keyword: forecasting models

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Low-flow simulation and forecasting for efficient water management: case-study of the Seolmacheon Catchment, Korea

  • Birhanu, Dereje;Kim, Hyeon Jun;Jang, Cheol Hee;ParkYu, Sanghyun
    • 한국수자원학회:학술대회논문집
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    • 한국수자원학회 2015년도 학술발표회
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    • pp.243-243
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    • 2015
  • Low-flow simulation and forecasting is one of the emerging issues in hydrology due to the increasing demand of water in dry periods. Even though low-flow simulation and forecasting remains a difficult issue for hydrologists better simulation and earlier prediction of low flows are crucial for efficient water management. The UN has never stated that South Korea is in a water shortage. However, a recent study by MOLIT indicates that Korea will probably lack water by 4.3 billion m3 in 2020 due to several factors, including land cover and climate change impacts. The two main situations that generate low-flow events are an extended dry period (summer low-flow) and an extended period of low temperature (winter low-flow). This situation demands the hydrologists to concentrate more on low-flow hydrology. Korea's annual average precipitation is about 127.6 billion m3 where runoff into rivers and losses accounts 57% and 43% respectively and from 57% runoff discharge to the ocean is accounts 31% and total water use is about 26%. So, saving 6% of the runoff will solve the water shortage problem mentioned above. The main objective of this study is to present the hydrological modelling approach for low-flow simulation and forecasting using a model that have a capacity to represent the real hydrological behavior of the catchment and to address the water management of summer as well as winter low-flow. Two lumped hydrological models (GR4J and CAT) will be applied to calibrate and simulate the streamflow. The models will be applied to Seolmacheon catchment using daily streamflow data at Jeonjeokbigyo station, and the Nash-Sutcliffe efficiencies will be calculated to check the model performance. The expected result will be summarized in a different ways so as to provide decision makers with the probabilistic forecasts and the associated risks of low flows. Finally, the results will be presented and the capacity of the models to provide useful information for efficient water management practice will be discussed.

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호주 선물시장의 장기기억 변동성 예측 (Forecasting Long-Memory Volatility of the Australian Futures Market)

  • 강상훈;윤성민
    • 국제지역연구
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    • 제14권2호
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    • pp.25-40
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    • 2010
  • 변동성을 정확하게 예측하는 것은 금융시장의 변동성 연구에 있어 특히 포트폴리오선택, 옵션가격결정, 위험관리와 관련하여 매우 흥미로운 연구주제이다. 왜냐하면 변동성은 시장의 위험을 의미하기 때문이다. 이 논문은 세 가지 변동성 모형(GARCH, IGARCH, FIGARCH)을 이용하여 호주 주가지수선물시장의 일일후 변동성을 예측하고 각 모형의 예측력을 비교 분석하였다.특히 호주 주가지수선물 변동성에 존재하는 장기기억 특성에 초점을 맞추고 실증분석하였다. 실증분석 결과 FIGARCH 모형이 GARCH 모형이나 IGARCH 모형보다 호주 주가지수선물시장의 장기기억 특성을 더 잘 포착한다는 것을 발견하였다. 또 세 모형 중 FIGARCH 모형을 이용할 경우 일일후 변동성 예측의 성과가 가장 우수하다는 것도 발견하였다. 이는 호주 주가지수선물 변동성에 장기기억이 존재하는 것을 의미하고, 변동성의 특징을 명시적으로 고려하는 FIGARCH 모형이 장기기억을 고려하지 않는 다른 모형들보다 예측성과 측면에서 더 우수하다는 것을 의미한다. 따라서 호주 주가지수선물시장의 장기기억 변동성을 예측하는 데는 FIGARCH 모형이 가장 유용한 것으로 나타났다.

다목적 저수지 유입량의 예측모형 (A Development of Inflow Forecasting Models for Multi-Purpose Reservior)

  • 심순보;김만식;한재석
    • 한국수자원학회:학술대회논문집
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    • 한국수자원학회 1992년도 수공학연구발표회논문집
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    • pp.411-418
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    • 1992
  • The purpose of this study is to develop dynamic-stochastic models that can forecast the inflow into reservoir during low/drought periods and flood periods. For the formulation of the models, the discrete transfer function is utilized to construct the deterministic characteristics, and the ARIMA model is utilized to construct the stochastic characteristics of residuals. The stochastic variations and structures of time series on hydrological data are examined by employing the auto/cross covariance function and auto/cross correlation function. Also, general modeling processes and forecasting method are used the model building methods of Box and Jenkins. For the verifications and applications of the developed models, the Chungju multi-purpose reservoir which is located in the South Han river systems is selected. Input data required are the current and past reservoir inflow and Yungchun water levels. In order to transform the water level at Yungchon into streamflows, the water level-streamflows rating curves at low/drought periods and flood periods are estimated. The models are calibrated with the flood periods of 1988 and 1989 and hourly data for 1990 flood are analyzed. Also, for the low/drought periods, daily data of 1988 and 1989 are calibrated, and daily data for 1989 are analyzed.

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Using Machine Learning Technique for Analytical Customer Loyalty

  • Mohamed M. Abbassy
    • International Journal of Computer Science & Network Security
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    • 제23권8호
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    • pp.190-198
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    • 2023
  • To enhance customer satisfaction for higher profits, an e-commerce sector can establish a continuous relationship and acquire new customers. Utilize machine-learning models to analyse their customer's behavioural evidence to produce their competitive advantage to the e-commerce platform by helping to improve overall satisfaction. These models will forecast customers who will churn and churn causes. Forecasts are used to build unique business strategies and services offers. This work is intended to develop a machine-learning model that can accurately forecast retainable customers of the entire e-commerce customer data. Developing predictive models classifying different imbalanced data effectively is a major challenge in collected data and machine learning algorithms. Build a machine learning model for solving class imbalance and forecast customers. The satisfaction accuracy is used for this research as evaluation metrics. This paper aims to enable to evaluate the use of different machine learning models utilized to forecast satisfaction. For this research paper are selected three analytical methods come from various classifications of learning. Classifier Selection, the efficiency of various classifiers like Random Forest, Logistic Regression, SVM, and Gradient Boosting Algorithm. Models have been used for a dataset of 8000 records of e-commerce websites and apps. Results indicate the best accuracy in determining satisfaction class with both gradient-boosting algorithm classifications. The results showed maximum accuracy compared to other algorithms, including Gradient Boosting Algorithm, Support Vector Machine Algorithm, Random Forest Algorithm, and logistic regression Algorithm. The best model developed for this paper to forecast satisfaction customers and accuracy achieve 88 %.

A New Approach to Short-term Price Forecast Strategy with an Artificial Neural Network Approach: Application to the Nord Pool

  • Kim, Mun-Kyeom
    • Journal of Electrical Engineering and Technology
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    • 제10권4호
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    • pp.1480-1491
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    • 2015
  • In new deregulated electricity market, short-term price forecasting is key information for all market players. A better forecast of market-clearing price (MCP) helps market participants to strategically set up their bidding strategies for energy markets in the short-term. This paper presents a new prediction strategy to improve the need for more accurate short-term price forecasting tool at spot market using an artificial neural networks (ANNs). To build the forecasting ANN model, a three-layered feedforward neural network trained by the improved Levenberg-marquardt (LM) algorithm is used to forecast the locational marginal prices (LMPs). To accurately predict LMPs, actual power generation and load are considered as the input sets, and then the difference is used to predict price differences in the spot market. The proposed ANN model generalizes the relationship between the LMP in each area and the unconstrained MCP during the same period of time. The LMP calculation is iterated so that the capacity between the areas is maximized and the mechanism itself helps to relieve grid congestion. The addition of flow between the areas gives the LMPs a new equilibrium point, which is balanced when taking the transfer capacity into account, LMP forecasting is then possible. The proposed forecasting strategy is tested on the spot market of the Nord Pool. The validity, the efficiency, and effectiveness of the proposed approach are shown by comparing with time-series models

ELM을 이용한 특수일 최대 전력수요 예측 모델 개발 (Development of Peak Power Demand Forecasting Model for Special-Day using ELM)

  • 지평식;임재윤
    • 전기학회논문지P
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    • 제64권2호
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    • pp.74-78
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    • 2015
  • With the improvement of living standards and economic development, electricity consumption continues to grow. The electricity is a special energy which is hard to store, so its supply must be consistent with the demand. The objective of electricity demand forecasting is to make best use of electricity energy and provide balance between supply and demand. Hence, it is very important work to forecast electricity demand with higher precision. So, various forecasting methods have been developed. They can be divided into five broad categories such as time series models, regression based model, artificial intelligence techniques and fuzzy logic method without considering special-day effects. Electricity demand patterns on holidays can be often idiosyncratic and cause significant forecasting errors. Such effects are known as special-day effects and are recognized as an important issue in determining electricity demand data. In this research, we developed the power demand forecasting method using ELM(Extreme Learning Machine) for special day, particularly, lunar new year and Chuseok holiday.

수요감소 요인 외생변수를 갖는 SARIMAX 모형을 이용한 관광수요 예측 (Forecasting Foreign Visitors using SARIMAX Models with the Exogenous Variable of Demand Decrease)

  • 이근철;최성훈
    • 산업경영시스템학회지
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    • 제43권4호
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    • pp.59-66
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    • 2020
  • In this study, we consider the problem of forecasting the number of inbound foreigners visiting Korea. Forecasting tourism demand is an essential decision to plan related facilities and staffs, thus many studies have been carried out, mainly focusing on the number of inbound or outbound tourists. In order to forecast tourism demand, we use a seasonal ARIMA (SARIMA) model, as well as a SARIMAX model which additionally comprises an exogenous variable affecting the dependent variable, i.e., tourism demand. For constructing the forecasting model, we use a search procedure that can be used to determine the values of the orders of the SARIMA and SARIMAX. For the exogenous variable, we introduce factors that could cause the tourism demand reduction, such as the 9/11 attack, the SARS and MERS epidemic, and the deployment of THAAD. In this study, we propose a procedure, called Measuring Impact on Demand (MID), where the impact of each factor on tourism demand is measured and the value of the exogenous variable corresponding to the factor is determined based on the measurement. To show the performance of the proposed forecasting method, an empirical analysis was conducted where the monthly number of foreign visitors in 2019 were forecasted. It was shown that the proposed method can find more accurate forecasts than other benchmarks in terms of the mean absolute percentage error (MAPE).

Near-real time Kp forecasting methods based on neural network and support vector machine

  • 지은영;문용재;박종엽;이동훈
    • 천문학회보
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    • 제37권2호
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    • pp.123.1-123.1
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    • 2012
  • We have compared near-real time Kp forecast models based on neural network (NN) and support vector machine (SVM) algorithms. We consider four models as follows: (1) a NN model using ACE solar wind data; (2) a SVM model using ACE solar wind data; (3) a NN model using ACE solar wind data and preliminary kp values from US ground-based magnetometers; (4) a SVM model using the same input data as model 3. For the comparison of these models, we estimate correlation coefficients and RMS errors between the observed Kp and the predicted Kp. As a result, we found that the model 3 is better than the other models. The values of correlation coefficients and RMS error of the model 3 are 0.93 and 0.48, respectively. For the forecast evaluation of models for geomagnetic storms ($Kp{\geq}6$), we present contingency tables and estimate statistical parameters such as probability of detection yes (PODy), false alarm ratio (FAR), bias, and critical success index (CSI). From a comparison of these statistical parameters, we found that the SVM models (model 2 and model 4) are better than the NN models (model 1 and model 3). The values of PODy and CSI of the model 4 are the highest among these models (PODy: 0.57 and CSI: 0.48). From these results, we suggest that the NN models are better than the SVM models for predicting Kp and the SVM models are better than the NN models for forecasting geomagnetic storms.

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