• Title/Summary/Keyword: long-term forecasting

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Multivariate Congestion Prediction using Stacked LSTM Autoencoder based Bidirectional LSTM Model

  • Vijayalakshmi, B;Thanga, Ramya S;Ramar, K
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.17 no.1
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    • pp.216-238
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    • 2023
  • In intelligent transportation systems, traffic management is an important task. The accurate forecasting of traffic characteristics like flow, congestion, and density is still active research because of the non-linear nature and uncertainty of the spatiotemporal data. Inclement weather, such as rain and snow, and other special events such as holidays, accidents, and road closures have a significant impact on driving and the average speed of vehicles on the road, which lowers traffic capacity and causes congestion in a widespread manner. This work designs a model for multivariate short-term traffic congestion prediction using SLSTM_AE-BiLSTM. The proposed design consists of a Bidirectional Long Short Term Memory(BiLSTM) network to predict traffic flow value and a Convolutional Neural network (CNN) model for detecting the congestion status. This model uses spatial static temporal dynamic data. The stacked Long Short Term Memory Autoencoder (SLSTM AE) is used to encode the weather features into a reduced and more informative feature space. BiLSTM model is used to capture the features from the past and present traffic data simultaneously and also to identify the long-term dependencies. It uses the traffic data and encoded weather data to perform the traffic flow prediction. The CNN model is used to predict the recurring congestion status based on the predicted traffic flow value at a particular urban traffic network. In this work, a publicly available Caltrans PEMS dataset with traffic parameters is used. The proposed model generates the congestion prediction with an accuracy rate of 92.74% which is slightly better when compared with other deep learning models for congestion prediction.

A Study on the Forecasting of Bunker Price Using Recurrent Neural Network

  • Kim, Kyung-Hwan
    • Journal of the Korea Society of Computer and Information
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    • v.26 no.10
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    • pp.179-184
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    • 2021
  • In this paper, we propose the deep learning-based neural network model to predict bunker price. In the shipping industry, since fuel oil accounts for the largest portion of ship operation costs and its price is highly volatile, so companies can secure market competitiveness by making fuel oil purchasing decisions based on rational and scientific method. In this paper, short-term predictive analysis of HSFO 380CST in Singapore is conducted by using three recurrent neural network models like RNN, LSTM, and GRU. As a result, first, the forecasting performance of RNN models is better than LSTM and GRUs using long-term memory, and thus the predictive contribution of long-term information is low. Second, since the predictive performance of recurrent neural network models is superior to the previous studies using econometric models, it is confirmed that the recurrent neural network models should consider nonlinear properties of bunker price. The result of this paper will be helpful to improve the decision quality of bunker purchasing.

Application of sequence to sequence learning based LSTM model (LSTM-s2s) for forecasting dam inflow (Sequence to Sequence based LSTM (LSTM-s2s)모형을 이용한 댐유입량 예측에 대한 연구)

  • Han, Heechan;Choi, Changhyun;Jung, Jaewon;Kim, Hung Soo
    • Journal of Korea Water Resources Association
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    • v.54 no.3
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    • pp.157-166
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    • 2021
  • Forecasting dam inflow based on high reliability is required for efficient dam operation. In this study, deep learning technique, which is one of the data-driven methods and has been used in many fields of research, was manipulated to predict the dam inflow. The Long Short-Term Memory deep learning with Sequence-to-Sequence model (LSTM-s2s), which provides high performance in predicting time-series data, was applied for forecasting inflow of Soyang River dam. Various statistical metrics or evaluation indicators, including correlation coefficient (CC), Nash-Sutcliffe efficiency coefficient (NSE), percent bias (PBIAS), and error in peak value (PE), were used to evaluate the predictive performance of the model. The result of this study presented that the LSTM-s2s model showed high accuracy in the prediction of dam inflow and also provided good performance for runoff event based runoff prediction. It was found that the deep learning based approach could be used for efficient dam operation for water resource management during wet and dry seasons.

Reliability Analysis for Price Forecasting of Chinese Cabbage (신뢰성 해석기법을 이용한 배추 가격 예측 모형의 개발)

  • Suh, Kyo;Kim, Tae-Gon;Lee, Jeong-Jae
    • Journal of The Korean Society of Agricultural Engineers
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    • v.50 no.3
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    • pp.71-79
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    • 2008
  • Generally the price of agricultural products has much different characteristics from that of manufacturing products. If products have the limitation of long-term storage and the short period of cultivation, the price of products can be more unstable. Moreover, the price forecasting is very difficult because it doesn't follow any cycle or trend. However price can be regarded as risk instead of uncertainty if we can calculate the probability of price. Reliability analysis techniques are used for forecasting the price change of Chinese cabbage. This study aims to show the usability of reliability analysis for price forecasting. A price-forecasting model was developed based on weather data of the first 10 days of the full cultivating cycle (80 days) 70 days and the average price and standard deviation of wholesale market prices from 1996 to 2001 and applied to forecast the boom price, or the orice which is over the tolerance of market prices, of upland Chinese cabbage in 2002 and 2003. Applied results showed the possibility of boom price forecasting using reliability analysis techniques.

Cryptocurrency Auto-trading Program Development Using Prophet Algorithm (Prophet 알고리즘을 활용한 가상화폐의 자동 매매 프로그램 개발)

  • Hyun-Sun Kim;Jae Joon Ahn
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.46 no.1
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    • pp.105-111
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    • 2023
  • Recently, research on prediction algorithms using deep learning has been actively conducted. In addition, algorithmic trading (auto-trading) based on predictive power of artificial intelligence is also becoming one of the main investment methods in stock trading field, building its own history. Since the possibility of human error is blocked at source and traded mechanically according to the conditions, it is likely to be more profitable than humans in the long run. In particular, for the virtual currency market at least for now, unlike stocks, it is not possible to evaluate the intrinsic value of each cryptocurrencies. So it is far effective to approach them with technical analysis and cryptocurrency market might be the field that the performance of algorithmic trading can be maximized. Currently, the most commonly used artificial intelligence method for financial time series data analysis and forecasting is Long short-term memory(LSTM). However, even t4he LSTM also has deficiencies which constrain its widespread use. Therefore, many improvements are needed in the design of forecasting and investment algorithms in order to increase its utilization in actual investment situations. Meanwhile, Prophet, an artificial intelligence algorithm developed by Facebook (META) in 2017, is used to predict stock and cryptocurrency prices with high prediction accuracy. In particular, it is evaluated that Prophet predicts the price of virtual currencies better than that of stocks. In this study, we aim to show Prophet's virtual currency price prediction accuracy is higher than existing deep learning-based time series prediction method. In addition, we execute mock investment with Prophet predicted value. Evaluating the final value at the end of the investment, most of tested coins exceeded the initial investment recording a positive profit. In future research, we continue to test other coins to determine whether there is a significant difference in the predictive power by coin and therefore can establish investment strategies.

Prediction for Nonlinear Time Series Data using Neural Network (신경망을 이용한 비선형 시계열 자료의 예측)

  • Kim, Inkyu
    • Journal of Digital Convergence
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    • v.10 no.9
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    • pp.357-362
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    • 2012
  • We have compared and predicted for non-linear time series data which are real data having different variences using GRCA(1) model and neural network method. In particular, using Korea Composite Stock Price Index rate, mean square errors of prediction are obtained in genaralized random coefficient autoregressive model and neural network method. Neural network method prove to be better in short-term forecasting, however GRCA(1) model perform well in long-term forecasting.

Development of Basin-wide runoff Analysis Model for Integrated Real-time Water Management (실시간 물 관리 운영을 위한 유역 유출 모의 모형 개발)

  • Hwang, Man-Ha;Maeng, Sung-Jin;Ko, Ick-Hwan;Park, Jeong-In;Ryoo, So-Ra
    • Proceedings of the Korean Society of Agricultural Engineers Conference
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    • 2003.10a
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    • pp.507-510
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    • 2003
  • The development of a basin-wide runoff analysis model is to analysis monthly and daily hydrologic runoff components including surface runoff, subsurface runoff, return flow, etc. at key operation station in the targeted basin. A short-term water demand forecasting technology will be developed taking into account the patterns of municipal, industrial and agricultural water uses. For the development and utilization of runoff analysis model, relevant basin information including historical precipitation and river water stage data, geophysical basin characteristics, and water intake and consumptions needs to be collected and stored into the hydrologic database of Integrated Real-time Water Information System. The well-known SSARR model was selected for the basis of continuous daily runoff model for forecasting short and long-term natural flows.

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A Study on Development of a Forecasting Model of Wind Power Generation for Walryong Site (월령단지 풍력발전 예보모형 개발에 관한 연구)

  • Kim, Hyun-Goo;Lee, Yeong-Seup;Jang, Mun-Seok;Kyong, Nam-Ho
    • Journal of the Korean Solar Energy Society
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    • v.26 no.2
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    • pp.27-34
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    • 2006
  • In this paper, a forecasting model of wind speed at Walryong Site, Jeju Island is presented, which has been developed and evaluated as a first step toward establishing Korea Forecasting Model of Wind Power Generation. The forecasting model is constructed based on neural network and is trained with wind speed data observed at Cosan Weather Station located near by Walryong Site. Due to short period of measurements at Walryong Site for training statistical model Gosan Weather Station's long-term data are substituted and then transplanted to Walryong Site by using Measure-Correlate-Predict technique. One to three-hour advance forecasting of wind speed show good agreements with the monitoring data of Walryong site with the correlation factors 0.96 and 0.88, respectively.

Price Forecasting on a Large Scale Data Set using Time Series and Neural Network Models

  • Preetha, KG;Remesh Babu, KR;Sangeetha, U;Thomas, Rinta Susan;Saigopika, Saigopika;Walter, Shalon;Thomas, Swapna
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.16 no.12
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    • pp.3923-3942
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    • 2022
  • Environment, price, regulation, and other factors influence the price of agricultural products, which is a social signal of product supply and demand. The price of many agricultural products fluctuates greatly due to the asymmetry between production and marketing details. Horticultural goods are particularly price sensitive because they cannot be stored for long periods of time. It is very important and helpful to forecast the price of horticultural products which is crucial in designing a cropping plan. The proposed method guides the farmers in agricultural product production and harvesting plans. Farmers can benefit from long-term forecasting since it helps them plan their planting and harvesting schedules. Customers can also profit from daily average price estimates for the short term. This paper study the time series models such as ARIMA, SARIMA, and neural network models such as BPN, LSTM and are used for wheat cost prediction in India. A large scale available data set is collected and tested. The results shows that since ARIMA and SARIMA models are well suited for small-scale, continuous, and periodic data, the BPN and LSTM provide more accurate and faster results for predicting well weekly and monthly trends of price fluctuation.

Development of a Data-Driven Model for Forecasting Outflow to Establish a Reasonable River Water Management System (합리적인 하천수 관리체계 구축을 위한 자료기반 방류량 예측모형 개발)

  • Yoo, Hyung Ju;Lee, Seung Oh;Choi, Seo Hye;Park, Moon Hyung
    • Journal of Korean Society of Disaster and Security
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    • v.13 no.4
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    • pp.75-92
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    • 2020
  • In most cases of the water balance analysis, the return flow ratio for each water supply was uniformly determined and applied, so it has been contained a problem that the volume of available water would be incorrectly calculated. Therefore, sewage and wastewater among the return water were focused in this study and the data-driven model was developed to forecast the outflow from the sewage treatment plant. The forecasting results of LSTM (Long Short-Term Memory), GRU (Gated Recurrent Units), and SVR (Support Vector Regression) models, which are mainly used for forecasting the time series data in most fields, were compared with the observed data to determine the optimal model parameters for forecasting outflow. As a result of applying the model, the root mean square error (RMSE) of the GRU model was smaller than those of the LSTM and SVR models, and the Nash-Sutcliffe coefficient (NSE) was higher than those of others. Thus, it was judged that the GRU model could be the optimal model for forecasting the outflow in sewage treatment plants. However, the forecasting outflow tends to be underestimated and overestimated in extreme sections. Therefore, the additional data for extreme events and reducing the minimum time unit of input data were necessary to enhance the accuracy of forecasting. If the water use of the target site was reviewed and the additional parameters that could reflect seasonal effects were considered, more accurate outflow could be forecasted to be ready for climate variability in near future. And it is expected to use as fundamental resources for establishing a reasonable river water management system based on the forecasting results.