• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.3
• /
• pp.181-193
• /
• 2022

This paper seeks to investigate major macroeconomic factors and bond yield interactions in Thai bond markets, with the goal of forecasting future bond yields. This study examines the best predictive yields for future bond yields at different maturities of 1-, 3-, 5-, 7-, and 10-years using time series data of economic indicators covering the period from 1998 to 2020. The empirical findings support the hypothesis that macroeconomic factors influence bond yield fluctuations. In terms of forecasting future bond yields, static predictions reveal that in most cases, the BVAR model offers the best predictivity of bond rates at various maturities. Furthermore, the BVAR model has the best performance in dynamic rolling-window, forecasting bond yields with various maturities for 2-, 4-, and 8-quarters. The findings of this study imply that the BVAR model forecasts future yields more accurately and consistently than other competitive models. Our research could help policymakers and investors predict bond yield changes, which could be important in macroeconomic policy development.

• Proceedings of the Korean Institute of Intelligent Systems Conference
• /
• 2000.11a
• /
• pp.19-22
• /
• 2000

In this paper, we present forecasting ozone concentration with decision support system. Forecasting ozone concentration with decision support system is acquired to information from human knowledge and experiment data. Fuzzy clustering method uses the acquisition and dynamic polynomial neural network gives us a good performance for ozone prediction with ability of superior data approximation and self-organization.

• The Korean Journal of Applied Statistics
• /
• v.23 no.4
• /
• pp.669-681
• /
• 2010

Value-at-Risk(VaR) is an important part of risk management in the financial industry. This paper present a VaR forecasting for financial time series based on the quantile regression for GARCH models recently developed by Lee and Noh (2009). The proposed VaR forecasting features the direct conditional quantile estimation for GARCH models that is well connected with the model parameters. Empirical performance is measured by several backtesting procedures, and is reported in comparison with existing methods using sample quantiles.

• Proceedings of the Korean Society for Quality Management Conference
• /
• 2004.04a
• /
• pp.597-602
• /
• 2004

This study examined the forecasting of instant messinger's users choice using neural network. We used the statistical methods which were Logistic Regression, MDA(Multiple Discriminant Analysis), and ANN(Artificial Neural Network). In the result, the forecasting performance of the ANN was better than conventional model(Logistic Regression, MDA).

• Journal of Communications and Networks
• /
• v.13 no.6
• /
• pp.621-624
• /
• 2011

With the rapid growth of internet traffic, accurate and reliable prediction of internet traffic has been a key issue in network management and planning. This paper proposes an autoregressive-generalized autoregressive conditional heteroscedasticity (AR-GARCH) error model for forecasting internet traffic and evaluates its performance by comparing it with seasonal autoregressive integrated moving average (ARIMA) models in terms of root mean square error (RMSE) criterion. The results indicated that the seasonal AR-GARCH models outperformed the seasonal ARIMA models in terms of forecasting accuracy with respect to the RMSE criterion.

• KSII Transactions on Internet and Information Systems (TIIS)
• /
• v.12 no.4
• /
• pp.1489-1503
• /
• 2018

Spectrum reuse has attracted much concern of researchers and scientists, however, the dynamic spectrum access is challenging, since an individual secondary user usually just has limited sensing abilities. One key insight is that spectrum usage forecasting among secondary users, this inspiration enables users to obtain more informed spectrum opportunities. Therefore, spectrum usage forecasting is vital to cognitive radio networks (CRNs). With this insight, a spectrum usage forecasting model for the occurrence of primary users prediction is derived in this paper. The proposed model is based on auto regressive enhanced primary user emergence reasoning (AR-PUER), which combines linear prediction and primary user emergence reasoning. Historical samples are selected to train the spectrum usage forecasting model in order to capture the current distinction pattern of primary users. The proposed scheme does not require the knowledge of signal or of noise power. To verify the performance of proposed spectrum usage forecasting model, we apply it to the data during the past two months, and then compare it with some other sensing techniques. The simulation results demonstrate that the spectrum usage forecasting model is effective and generates the most accurate prediction of primary users occasion in several cases.

• Journal of Nutrition and Health
• /
• v.36 no.9
• /
• pp.966-973
• /
• 2003

The purpose of this study was to investigate the utilization level of forecasting methods in contract foodservice management companies. Questionnaires were distributed and collected from 30 foodservice management companies contracted with universities and 49 university foodservices in Seoul and Kyungki area. Statistical data analysis was performed using SPSS/WIN 10.0 based on the production records of Yonsei University foodservices and the weather reports from a meteorological observatory. The results of this study were as follows: 1) The objectives of the fore-casting systems were identified as saving costs through eliminating the leftover, meeting the customer demands, and improving efficiency in food preparation.2) All of the university foodservices were already performing the forecasting methods but in foodservice management companies as a whole,89.7 percents were applying the method and only 55.2 percents had the separate forecasting department. 3) A large number of foodservice staffs in the head office (65.5％) answered that they often utilized intuitive estimates based on the past experiences and records for forecasting while 65.3% managing staffs in the university foodservices answered the same.4) Both in the head office and university foodservices, actual number of meals served were recorded. In the head office, mostly estimated numbers and actual numbers of meals were recorded while estimated, prepared, and actual numbers of meals served were recorded for most of the cases in university foodservices. 5) The primary factors considered for forecasting were the actual production records for the last month, the customer preference for the selected menu items, and the specific day of the week.

• Korean Business Review
• /
• v.4
• /
• pp.281-295
• /
• 1991

Nothing is more incorrect than forecasting. Nevertheless, forecasting is one of the most important business activities for the effective management. There has been rapid changes of the growth rate in every respect of the Korean hospitaity industry, especially the hotel industry, before and after the 88 Olympic Games. Therefore, the hoteliers shall be in need of more-than-ever accourate demand forecasting for the more systematic management and control. Under the above circumstances, this study suggested the best forecasting technique and method for the better sales and operations of the hotel rooms. The number of rooms sold is selected as a dependent variable of this study which is regarded as the best representative factor of measuring the growth rate of the rooms division performance of the hotels. The first step was to select the most verifiable independent variable diferently from the other countries or other areas of Korea. As a result, the number of foreign visitors was chosen. Empirical research, i.e. correlation and multiple regression analysis, shows that this independent variable has a strong relationship with the dependent variable told above. The second procedure was to estimate the number of rooms will be sold in 1991 on the basis of the formula calculated through the multiple regression analysis. Time series technique was conducted using the data of the number of foreign visitors by purpose of travel from 1987 to 1990. For the more correct forecasting, however, it would be desirable to adopt the data from 1989 considering the product or the industry life cycle. In addition, deeper analysis for the monthly or seasonal forecasting method is needed as a future research.

• Proceedings of the Korea Water Resources Association Conference
• /
• 2023.05a
• /
• pp.249-249
• /
• 2023

Spring drought forecasting in South Korea is essential due to the sknewness of rainfall which could lead to water shortage especially in spring when managed without prediction. Therefore, drought forecasting over South Korea was performed in the current study by thoroughly searching appropriate predictors from the lagged global climate variable, mean sea level pressure(MSLP), specifically in winter season for forecasting time lag. The target predictand defined as accumulated spring precipitation(ASP) was driven by the median of 93 weather stations in South Korea. Then, it was found that a number of points of the MSLP data were significantly cross-correlated with the ASP, and the points with high correlation were regionally grouped. The grouped variables with three regions: the Arctic Ocean (R1), South Pacific (R2), and South Africa (R3) were determined. The generalized linear model(GLM) was further applied for skewed marginal distribution in drought prediction. It was shown that the applied GLM presents reasonable performance in forecasting ASP. The results concluded that the presented regionalization of the climate variable, MSLP can be a good alternative in forecasting spring drought.

• Journal of Korean Society for Atmospheric Environment
• /
• v.34 no.2
• /
• pp.306-320
• /
• 2018

Emission inventory is the essential component for improving the performance of air quality forecasting system. This study evaluated the simulated daily mean $PM_{2.5}$ concentrations in South Korea and China for 1-year period (Sept. 2016~Aug. 2017) using air quality forecasting system which was applied by the emission inventory of E2015 (predicted CAPSS 2015 for South Korea and KORUS 2015 v1 for the other regions). To identify the impacts of emissions on the simulated $PM_{2.5}$, the emission inventory replaced by E2010 (CAPSS 2010 and MIX 2010) were also applied under the same forecasting conditions. These results showed that simulated daily mean $PM_{2.5}$ concentrations had generally suitable performance with both emission data-sets for China (IOA>0.87, R>0.87) and South Korea (IOA>0.84, R>0.76). The impacts of the changes in emission inventories on simulated daily mean $PM_{2.5}$ concentrations were quantitatively estimated. In China, normalized mean bias (NMB) showed 5.5% and 26.8% under E2010 and E2015, respectively. The tendency of overestimated concentrations was larger in North Central and Southeast China than other regions under both E2010 and E2015. Seasonal differences of NMB were higher in non-winter season (28.3% (E2010)~39.3% (E2015)) than winter season (-0.5% (E2010)~8.0% (E2015)). In South Korea, NMB showed -5.4% and 2.8% for all days, but -15.2% and -11.2% for days below $40{\mu}g/m^3$ to minimize the impacts of long-range transport under E2010 and E2015, respectively. For all days, simulated $PM_{2.5}$ concentrations were overestimated in Seoul, Incheon, Southern part of Gyeonggi and Daejeon, and underestimated in other regions such as Jeonbuk, Ulsan, Busan and Gyeongnam, regardless of what emission inventories were applied. Our results suggest that the updated emission inventory, which reflects current status of emission amounts and spatio-temporal allocations, is needed for improving the performance of air quality forecasting.