• Title/Summary/Keyword: forecasting performance

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Development of the Wind Power Forecasting System, KIER Forecaster (풍력발전 예보시스템 KIER Forecaster의 개발)

  • Kim Hyun-Goo;Lee Yung-Seop;Jang Mun-Seok;Kyong Nam-Ho
    • 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.

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A Causal-Forecasting Model using Guided Genetic Algorithm in Continuous Manufacturing Process (연속생산공정에서의 유도형 유전알고리즘을 이용한 인과형 예측모델에 관한 연구)

  • 정호상;정봉주
    • Korean Management Science Review
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    • v.17 no.2
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    • pp.39-54
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    • 2000
  • This paper presents a causal forecasting model using guided genetic algorithm in continuous manufacturing process. The guide genetic algorithm(GGA) is an extended genetic algorithm(GA) using penalty function and population diversity index to increase forecasting accuracy. GGA adds to the canonical GA the concept of a penalty function to avoid selecting the unproductive chromosomes and to make a proper searching direction. Also, GGA modifies the current population using the similarity of chromosomes to avoid falling into the trap of local optimal solution. For investigation GGA performance, we used a set of real data that was collected in local glass melting processes, and experimental results show the proposed model results in the better forecasting accuracy than linear regression model and canonical GA.

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Neural Network Forecasting Using Data Mining Classifiers Based on Structural Change: Application to Stock Price Index

  • Oh, Kyong-Joo;Han, Ingoo
    • Communications for Statistical Applications and Methods
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    • v.8 no.2
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    • pp.543-556
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    • 2001
  • This study suggests integrated neural network modes for he stock price index forecasting using change-point detection. The basic concept of this proposed model is to obtain significant intervals occurred by change points, identify them as change-point groups, and reflect them in stock price index forecasting. The model is composed of three phases. The first phase is to detect successive structural changes in stock price index dataset. The second phase is to forecast change-point group with various data mining classifiers. The final phase is to forecast the stock price index with backpropagation neural networks. The proposed model is applied to the stock price index forecasting. This study then examines the predictability of integrated neural network models and compares the performance of data mining classifiers.

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A Study on the Tourism Combining Demand Forecasting Models for the Tourism in Korea (관광 수요를 위한 결합 예측 모형에 대한 연구)

  • Son, H.G.;Ha, M.H.;Kim, S.
    • The Korean Journal of Applied Statistics
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    • v.25 no.2
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    • pp.251-259
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    • 2012
  • This paper applies forecasting models such as ARIMA, Holt-Winters and AR-GARCH models to analyze daily tourism data in Korea. To evaluate the performance of the models, we need single and double seasonal models that compare the RMSE and SE for a better accuracy of the forecasting models based on Armstrong (2001).

Development of Daily PV Power Forecasting Models using ELM (ELM을 이용한 일별 태양광발전량 예측모델 개발)

  • Lee, Chang-Sung;Ji, Pyeong-Shik
    • The Transactions of the Korean Institute of Electrical Engineers P
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    • v.64 no.3
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    • pp.164-168
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    • 2015
  • Due to the uncertainty of weather, it is difficult to construct an accurate forecasting model for daily PV power generation. It is very important work to know PV power in next day to manage power system. In this paper, correlation analysis between weather and power generation was carried out and daily PV power forecasting models based on Extreme Learning Machine(ELM) was presented. Performance of district ELM model was compared with single ELM model. The proposed method has been tested using actual data set measured in 2014.

Implementation of Efficient Weather Forecasting Model Using the Selecting Concentration Learning of Neural Network (신경망의 선별학습 집중화를 이용한 효율적 온도변화예측모델 구현)

  • 이기준;강경아;정채영
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.25 no.6B
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    • pp.1120-1126
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    • 2000
  • Recently, in order to analyze the time series problems that occur in the nature word, and analyzing method using a neural electric network is being studied more than a typical statistical analysis method. A neural electric network has a generalization performance that is possible to estimate and analyze about non-learning data through the learning of a population. In this paper, after collecting weather datum that was collected from 1987 to 1996 and learning a population established, it suggests the weather forecasting system for an estimation and analysis the future weather. The suggested weather forecasting system uses 28*30*1 neural network structure, raises the total learning numbers and accuracy letting the selecting concentration learning about the pattern, that is not collected, using the descending epsilon learning method. Also, the weather forecasting system, that is suggested through a comparative experiment of the typical time series analysis method shows more superior than the existing statistical analysis method in the part of future estimation capacity.

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Short-term Electric Load Forecasting Based on Wavelet Transform and GMDH

  • Koo, Bon-Gil;Lee, Heung-Seok;Park, Juneho
    • Journal of Electrical Engineering and Technology
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    • v.10 no.3
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    • pp.832-837
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    • 2015
  • The group method of data handling (GMDH) algorithm has proven to be a powerful and effective way to extract rules or polynomials from an electric load pattern. However, because it is nonstationary, the load pattern needs to be decomposed using a discrete wavelet transform. In addition, if a load pattern has a complicated curve pattern, GMDH should use a higher polynomial, which requires complex computing and consumes a lot of time. This paper suggests a method for short-term electric load forecasting that uses a wavelet transform and a GMDH algorithm. Case studies with the proposed algorithm were carried out for one-day-ahead forecasting of hourly electric loads using data during the years 2008-2011. To prove the effectiveness of our proposed approach, the results were evaluated and compared with those obtained by Holt-Winters method and artificial neural network. Our suggested method resulted in better performance than either comparison group.

An Application of Case-Based Reasoning in Forecasting a Successful Implementation of Enterprise Resource Planning Systems : Focus on Small and Medium sized Enterprises Implementing ERP (성공적인 ERP 시스템 구축 예측을 위한 사례기반추론 응용 : ERP 시스템을 구현한 중소기업을 중심으로)

  • Lim Se-Hun
    • Journal of Information Technology Applications and Management
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    • v.13 no.1
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    • pp.77-94
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    • 2006
  • Case-based Reasoning (CBR) is widely used in business and industry prediction. It is suitable to solve complex and unstructured business problems. Recently, the prediction accuracy of CBR has been enhanced by not only various machine learning algorithms such as genetic algorithms, relative weighting of Artificial Neural Network (ANN) input variable but also data mining technique such as feature selection, feature weighting, feature transformation, and instance selection As a result, CBR is even more widely used today in business area. In this study, we investigated the usefulness of the CBR method in forecasting success in implementing ERP systems. We used a CBR method based on the feature weighting technique to compare the performance of three different models : MDA (Multiple Discriminant Analysis), GECBR (GEneral CBR), FWCBR (CBR with Feature Weighting supported by Analytic Hierarchy Process). The study suggests that the FWCBR approach is a promising method for forecasting of successful ERP implementation in Small and Medium sized Enterprises.

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The Study of Forecasting Game Usage Hours Using Time Series Analysis (시계열 분석을 이용한 게임 접속시간 예측 연구)

  • Kang, Kie-Ho;Kim, Pyeoung-Kee
    • Journal of Korea Society of Industrial Information Systems
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    • v.15 no.5
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    • pp.63-69
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    • 2010
  • Forecasting game usages hours can supply good information resolving intensive server access and ensuring stable game service. In this paper, we applied various time series analysis methods to forecast game usage hours in 2009 on famous "Ion" and "Sudden Attack" games. According to the experiment, the seasonal variation method showed better performance forecasting actual usage hours.

Development of Water Demand Forecasting Simulator and Performance Evaluation (단기 물 수요예측 시뮬레이터 개발과 예측 알고리즘 성능평가)

  • Shin, Gang-Wook;Kim, Ju-Hwan;Yang, Jae-Rheen;Hong, Sung-Taek
    • Journal of Korean Society of Water and Wastewater
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    • v.25 no.4
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    • pp.581-589
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    • 2011
  • Generally, treated water or raw water is transported into storage reservoirs which are receiving facilities of local governments from multi-regional water supply systems. A water supply control and operation center is operated not only to manage the water facilities more economically and efficiently but also to mitigate the shortage of water resources due to the increase in water consumption. To achieve the goal, important information such as the flow-rate in the systems, water levels of storage reservoirs or tanks, and pump-operation schedule should be considered based on the resonable water demand forecasting. However, it is difficult to acquire the pattern of water demand used in local government, since the operating information is not shared between multi-regional and local water systems. The pattern of water demand is irregular and unpredictable. Also, additional changes such as an abrupt accident and frequent changes of electric power rates could occur. Consequently, it is not easy to forecast accurate water demands. Therefore, it is necessary to introduce a short-term water demands forecasting and to develop an application of the forecasting models. In this study, the forecasting simulator for water demand is developed based on mathematical and neural network methods as linear and non-linear models to implement the optimal water demands forecasting. It is shown that MLP(Multi-Layered Perceptron) and ANFIS(Adaptive Neuro-Fuzzy Inference System) can be applied to obtain better forecasting results in multi-regional water supply systems with a large scale and local water supply systems with small or medium scale than conventional methods, respectively.