• Advances in Energy Research
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• v.6 no.2
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• pp.131-143
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• 2019

Global Solar Radiation (GSR) is the key element for performance estimation of any Solar Power Plant (SPP). Its forecasting may help in estimation of power production from a SPP well in advance, and may also render help in optimal use of this power. Seasonal Auto-Regressive Moving Average (SARMA) and Artificial Neural Network (ANN) models are combined in order to develop a hybrid model (SARMA-ANN) conceiving the characteristics of both linear and non-linear prediction models. This developed model has been used for prediction of GSR at Gorakhpur, situated in the northern region of India. The proposed model is beneficial for the univariate forecasting. Along with this model, we have also used Auto-Regressive Moving Average (ARMA), SARMA, ANN based models for 1 - 6 day-ahead forecasting of GSR on hourly basis. It has been found that the proposed model presents least RMSE (Root Mean Square Error) and produces best forecasting results among all the models considered in the present study. As an application, the comparison between the forecasted one and the energy produced by the grid connected PV plant installed on the parking stands of the University shows the superiority of the proposed model.

• Journal of the Korean Society of Industry Convergence
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• v.26 no.4_2
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• pp.657-668
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• 2023

It's important to note that air compressors in the industrial sector are major energy consumers, accounting for a significant portion of total energy costs in manufacturing plants, ranging from 12% to 40%. To address this issue, researchers have compared forecasting models that can predict the power consumption of air compressors. The forecasting models were designed to incorporate variables such as flow rate, pressure, temperature, humidity, and dew point, utilizing statistical methods, machine learning, and deep learning techniques. The model performance was compared using measures such as RMSE, MAE and SMAPE. Out of the 21 models tested, the Elastic Net, a statistical method, proved to be the most effective in power comsumption forecasting.

• Korean Security Journal
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• no.30
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• pp.139-169
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• 2012

The purpose of this study is to contribute to establishing the scientific policing policies through deriving the time series models that can forecast the occurrence of major crimes such as murder, robbery, burglary, rape, violence and identifying the occurrence of major crimes using the models. In order to achieve this purpose, there were performed the statistical methods such as Generation of Time Series Model(C) for identifying the forecasting models of time series, Generation of Time Series Model(C) and Sequential Chart of Time Series(N) for identifying the accuracy of the forecasting models of time series on the monthly incidence of major crimes from 2002 to 2010 using IBM PASW(SPSS) 19.0. The following is the result of the study. First, murder, robbery, rape, theft and violence crime's forecasting models of time series are Simple Season, Winters Multiplicative, ARIMA(0,1,1)(0,1,1), ARIMA(1,1,0 )(0,1,1) and Simple Season. Second, it is possible to forecast the short-term's occurrence of major crimes such as murder, robbery, burglary, rape, violence using the forecasting models of time series. Based on the result of this study, we have to suggest various forecasting models of time series continuously, and have to concern the long-term forecasting models of time series which is based on the quarterly, yearly incidence of major crimes.

• Journal of The Korean Society of Agricultural Engineers
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• v.49 no.3
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• pp.21-31
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• 2007

This study is aimed at the development of a runoff forecasting model by using the Fuzzy inference system and Neural Network model to solve the uncertainties occurring in the process of rainfall-runoff modeling and improve the modeling accuracy of the stream runoff forecasting. The Neuro-Fuzzy (NF) model were used in this study. The NF model, recently received a great deal of attention, improve the existing Neural Networks by the aid of the Fuzzy theory applied to each node. The study area is the downstreams of Naeseung-chun. Therefore, time-dependent data was obtained from the Wolpo water level gauging station. 11 and 2 out of total 13 flood events were selected for the training and testing set of model respectively. The schematic diagram method and the statistical analysis are conducted to evaluate the feasibility of rainfall-runoff modeling. The model accuracy was rapidly decreased as the forecasting time became longer. The NF model can give accurate runoff forecasts up to 4 hours ahead in standard above the Determination coefficient $(R^2)$ 0.7. In the comparison of the runoff forecasting using the NF and TANK models, characteristics of peak runoff in the TANK model was higher than ones in the NF models, but peak values of hydrograph in the NF models were similar.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.54 no.10
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• pp.467-474
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• 2005

This paper presents a systematic method to compute a reliability measure for a short term electrical load forecasting system using neuro-fuzzy models. It has been realized that the reliability computation is essential for a load forecasting system to be applied practically. The proposed method employs a local reliability measure in order to exploit the local representation characteristic of the neuro-fuzzy models. It, hence, estimates the reliability of each fuzzy rule learned. The design procedure of the proposed short term load forecasting system is as follows: (1) construct initial structures of neuro-fuzzy models, (2) store them in the initial structure bank, (3) train the neuro-fuzzy model using an appropriate initial structure, and (4) compute load prediction and its reliability. In order to demonstrate the viability of the proposed method, we develop an one hour ahead load forecasting system by using the real load data collected during 1996 and 1997 at KEPCO. Simulation results suggest that the proposed scheme extends the applicability of the load forecasting system with the reliably computed reliability measure.

• The Korean Journal of Applied Statistics
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• v.35 no.5
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• pp.645-655
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• 2022

In this paper, we investigate automatic functions for time series forecasting in R system and compare their performances. For the exponential smoothing models and ARIMA (autoregressive integrated moving average) models, we focus on the representative time series forecasting functions in R: forecast::ets(), forecast::auto.arima(), smooth::es() and smooth::auto.ssarima(). In order to compare their forecast performances, we use M3-Competiti on data consisting of 3,003 time series and adopt 3 accuracy measures. It is confirmed that each of the four automatic forecasting functions has strengths and weaknesses in the flexibility and convenience for time series modeling, forecasting accuracy, and execution time.

• East Asian Economic Review
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• v.23 no.4
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• pp.333-351
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• 2019

We use a data-mining bootstrap procedure to investigate the predictability test in the eight Asia-Pacific regional stock markets using in-sample and out-of-sample forecasting models. We address ourselves to the data-mining bias issues by using the data-mining bootstrap procedure proposed by Inoue and Kilian and applied to the US stock market data by Rapach and Wohar. The empirical findings show that stock returns are predictable not only in-sample but out-of-sample in Hong Kong, Malaysia, Singapore, and Korea with a few exceptions for some forecasting horizons. However, we find some significant disparity between in-sample and out-of-sample predictability in the Korean stock market. For Hong Kong, Malaysia, and Singapore, stock returns have predictable components both in-sample and out-of-sample. For the US, Australia, and Canada, we do not find any evidence of return predictability in-sample and out-of-sample with a few exceptions. For Japan, stock returns have a predictable component with price-earnings ratio as a forecasting variable for some out-of-sample forecasting horizons.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2005.05a
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• pp.795-797
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• 2005

During the past few years, various traffic-flow forecasting models, i.e. an ARIMA, an ANN, and so on, have been developed to predict more accurate traffic flow. However, these models analyze historical data in an attempt to predict future value of a variable of interest. They make use of the following basic strategy. Past data are analyzed in order to identify a pattern that can be used to describe them. Then this pattern is extrapolated, or extended, into the future in order to make forecasts. This strategy rests on the assumption that the pattern that has been identified will continue into the future. So ARIMA or ANN models with its traditional architecture cannot be expected to give good predictions unless this assumption is valid; The statistical models in particular, the time series models are deficient in the sense that they merely extrapolate past patterns in the data without reflecting the expected irregular and infrequent future events Also forecasting power of a single model is limited to its accurate. In this paper, we compared with an ANN model and ARIMA model and tried to combine an ARIMA model and ANN model for obtaining a better forecasting performance. In addition to combining two models, we also introduced judgmental adjustment technique. Our approach can improve the forecasting power in traffic flow. To validate our model, we have compared the performance with other models. Finally we prove that the proposed model, i.e. ARIMA + ANN + Judgmental Adjustment, is superior to the other model.

• The Korean Journal of Applied Statistics
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• v.22 no.5
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• pp.1007-1017
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• 2009

Forecasting for air demand such as passengers and freight has been one of the main interests for air industries. This research has mainly focus on the comparison the performance between the univariate seasonal ARIMA models and the multivariate time series models. In this paper, we used real data to predict demand on international passenger and freight. And multivariate time series models are better than the univariate models based on the accuracy criteria.

• New & Renewable Energy
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• v.2 no.2 s.6
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• pp.37-43
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• 2006

In this paper, the first forecasting system of wind power generation, KIER Forecaster is presented. KIER Forecaster has been constructed based on statistical models and was trained with wind speed data observed at Gosan Weather Station nearby Walryong Site. Due to short period of measurements at Walryong Site for training the model, Gosan wind data were substituted and transplanted to Walryong Site by using Measure-Correlate-Predict(MCP) technique. The results of One to Three-hour advanced forecasting models are consistent with the measurement at Walryong site. In particular, the multiple regression model by classification of wind speed pattern, which has been developed in this work, shows the best performance comparing with neural network and auto-regressive models.