• Title/Summary/Keyword: rate of change

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Monetary Policy Shocks and Exchange Rate Changes in Korea

  • Jung, Heonyong;Han, Myunghoon
    • International Journal of Advanced Culture Technology
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    • v.7 no.1
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    • pp.84-88
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    • 2019
  • This paper examines whether the exchange rate respond differently to monetary policy shocks in Korea using regression model. We find an asymmetric response of the monetary policy shocks to the monetary policy shocks in the context of Korea. Over the whole period sample, we do not find the effect of an actual interest rate on exchange rate. But we find that the estimated coefficient on the expected and unexpected change in the policy rate are negative and statistically significant. In the period of monetary policy easing, the estimated coefficient on the expected and unexpected change in the policy rate are negative but not statistically significant. In contrast, the period of monetary policy tightening, the estimated coefficient on the expected and unexpected change in the policy rate are negative and statistically significant.

An Integrated Approach Using Change-Point Detection and Artificial neural Networks for Interest Rates Forecasting

  • Oh, Kyong-Joo;Ingoo Han
    • Proceedings of the Korea Inteligent Information System Society Conference
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    • 2000.04a
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    • pp.235-241
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    • 2000
  • This article suggests integrated neural network models for the interest rate forecasting using change point detection. The basic concept of proposed model is to obtain intervals divided by change point, to identify them as change-point groups, and to involve them in interest rate forecasting. the proposed models consist of three stages. The first stage is to detect successive change points in interest rate dataset. The second stage is to forecast change-point group with data mining classifiers. The final stage is to forecast the desired output with BPN. Based on this structure, we propose three integrated neural network models in terms of data mining classifier: (1) multivariate discriminant analysis (MDA)-supported neural network model, (2) case based reasoning (CBR)-supported neural network model and (3) backpropagation neural networks (BPN)-supported neural network model. Subsequently, we compare these models with a neural networks (BPN)-supported neural network model. Subsequently, we compare these models with a neural network model alone and, in addition, determine which of three classifiers (MDA, CBR and BPN) can perform better. This article is then to examine the predictability of integrated neural network models for interest rate forecasting using change-point detection.

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Comparison of multiscale multiple change-points estimators (SMUCE와 FDR segmentation 방법에 의한 다중변화점 추정법 비교)

  • Kim, Jaehee
    • The Korean Journal of Applied Statistics
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    • v.32 no.4
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    • pp.561-572
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    • 2019
  • We study false discovery rate segmentation (FDRSeg) and simultaneous multiscale change-point estimator (SMUCE) methods for multiscale multiple change-point estimation, and compare empirical behavior via simulation. FSRSeg is based on the control of a false discovery rate while SMUCE used for the multiscale local likelihood ratio tests. FDRSeg seems to work best if the number of change-points is large; however, FDRSeg and SMUCE methods can both provide similar estimation results when there are only a small number of change-points. As a real data application, multiple change-points estimation is done with the well-log data.

Properties of Bubble used in Concrete ac cording to Change in Manufacturing Condition

  • Byoungil Kim
    • Architectural research
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    • v.26 no.1
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    • pp.13-20
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    • 2024
  • This study is a research investigation into the properties of bubbles that affect the characteristics of foamed concrete during its production. The study examined the properties of bubbles based on the manufacturing conditions. To investigate these properties, the selected experimental factors included bead size, the length/diameter ratio of the bubble-generating tube, and compressed air. The experimental design used a design of experiments, and the test results were analyzed using analysis of variance. The foaming agent used to generate bubbles was AES (Alcohol Ethoxy Sulfate), and the method employed for bubble manufacture was the pre-foaming method. In the test results, a significant factor affecting the foaming rate of bubbles was the bead size; the highest foaming rate was observed when using 2mm beads. Bead size also primarily influenced the volume change of the aqueous solution, while other factors did not affect the foaming rate and volume change. None of the factors affected the change in bubble size, but compressed air was considered the main factor affecting bubble size and its change. The foaming rate and volume change of the aqueous solution showed a high correlation with each other. Spherical bubbles in the early stage eventually transformed into angular bubbles. Moreover, over time, it was observed that the bubble size increased.

A Dynamic Causality Analysis of Oliver Flounder Producer Price by Region using the Panel VAR Model (패널 VAR 모형을 이용한 지역별 양식넙치 산지가격의 동태적 인과관계 분석)

  • Jeon, Yong-Han;Nam, Jong-Oh
    • The Journal of Fisheries Business Administration
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    • v.52 no.1
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    • pp.47-63
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    • 2021
  • The purpose of this study is to identify the leading price between Jeju and Wando's oliver flounder producer price and to analyze the dynamic effect of the regional producer price using the panel VAR model. In the process of analysis, it was confirmed that there are unit roots in the monthly data of Jeju and Wando's oliver flounder producer price. So, in order to avoid spurious regression, the rate change of producer price which carries out log difference was used in the analysis. As a result of the analysis, first, the panel Granger causality test showed that the influence of the change rate of producer price in oliver flounder in Jeju was slightly larger than that in Wando, but it was found that each region all leads the change rate of the producer price in oliver flounder. Second, the panel VAR estimation showed that the rate change of producer price in Jeju and Wando a month ago had a statistically significant effect on the change rate of producer price of each region. Third, the impulse response analysis indicated that other regions are affected a little more than the same region in case of the occurrence of the impact on the error terms of the change rate of produce price in Jeju and Wando oliver flounder. Fourth, the variance decomposition analysis showed that the change rate of producer price in the two regions was higher explained by Jeju compared to Wando. In conclusion, it is expected that the above results can not only be useful as basic data for the stabilization of oliver flounder producer price and the establishment of policies for easing volatility but can also help the oliver flounder industry operate its business.

ANALYZING CAUSES OF CHANGE ORDERS IN KOREA ROAD PROJECTS

  • Kang-Wook Lee;Wooyong Jung;Seung Heon Han;Byeong-Heon Yoon
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1283-1287
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    • 2009
  • The Korean government implemented 259 road projects from 2004 to 2007, valued at $18.4 billion. Change orders of these road projects occurred 8,973 times and, subsequently, caused significant increases in the cost of the projects, approximately up to $4.2 billion (22.8% of the initial budget). These significant problems of huge change orders require a more workable control system for budget management whereas the effectiveness of the government's control is still not satisfied. However, previous approaches and studies mostly limited their analyses to simply classifying the causes of the change orders. This paper investigates the real frequency and cost impacts incurred by each cause of a change order, primarily based on 218 road projects in Korea. The paper then identifies the attributes of change orders through a survey of 204 project participants in that those sources were inevitable or avoided if properly managed. The causes of the change orders are further analyzed with analysis of variance (ANOVA) in connection with contract volume, bid award rate, the contractor's capacity to perform, and the design company's capacity. This study found that if the contract volume is smaller, then the possibility of change orders is higher. Interestingly, if the bid award rate is less than 67.5%, it signifies the highest rate of change orders. In addition, the contractors whose construction ability is assessed as the top-ranked group showed the lowest change order rates. With these results, this paper provides the preventive guidelines for reducing the likelihood of change orders.

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Estimation of Channel States for Adaptive Code Rate Change in DS-SSMA Communication Systems: Part 2. Estimation of Fading Environment

  • Youngkwon Ryn;Iickho Song;Kim, Kwang-Soon;Jinsoo Bae
    • Journal of Electrical Engineering and information Science
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    • v.1 no.1
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    • pp.23-28
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    • 1996
  • In this series of two papers, adaptive code rate change schemes in DS-SSMA systems are proposed. In the proposed schemes the error correcting code rate is changed according to the channel states. Two channel states having significant effects on the bit error probability are considered: one is the effective number of users considered in Part 1, and the other is the fading environment considered in Part 2. These channel states are estimated based on retransmission requests. The criterion for the change of the code rate is to maximize the throughput under given error bound. Simulation results show that we can transmit maximum amount of information if we change the code rate based on the channel states.

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Using Structural Changes to support the Neural Networks based on Data Mining Classifiers: Application to the U.S. Treasury bill rates

  • Oh, Kyong-Joo
    • 한국데이터정보과학회:학술대회논문집
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    • 2003.10a
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    • pp.57-72
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    • 2003
  • This article provides integrated neural network models for the interest rate forecasting using change-point detection. The model is composed of three phases. The first phase is to detect successive structural changes in interest rate dataset. The second phase is to forecast change-point group with data mining classifiers. The final phase is to forecast the interest rate with BPN. Based on this structure, we propose three integrated neural network models in terms of data mining classifier: (1) multivariate discriminant analysis (MDA)-supported neural network model, (2) case based reasoning (CBR)-supported neural network model and (3) backpropagation neural networks (BPN)-supported neural network model. Subsequently, we compare these models with a neural network model alone and, in addition, determine which of three classifiers (MDA, CBR and BPN) can perform better. For interest rate forecasting, this study then examines the predictability of integrated neural network models to represent the structural change.

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Comparison of TVOCs emission characterization of paint and putty according to the amendment of test specimen preparation method (시험편 제작방법 변경에 따른 페인트, 퍼티의 TVOCs의 방출 특성 비교)

  • Park, Joon-Man;Yoo, Ji-Ho;Kim, Man-Goo
    • Analytical Science and Technology
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    • v.23 no.2
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    • pp.109-118
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    • 2010
  • Amended at the Law of indoor air quality management open a court according to the test method and excess standard of the fluid building material were changed. It used the paint and the putty in the fluid building material from this research and comparison of amended and original method it led and in about change direction of amended standard with change of the emission rate who is caused by in the amended test method and excess standard it examined. The reduction emission rate about 45% decreases in the change of test period of the paint, there was not an effect of the emission rate whom it follows in change of dry time. Also change of the emission rate whom it follows in change of application quantity the product which above $5\;mg/m^2h$ has the high emission rate the change of the emission rate is big but there was not change of the emission rate from the products of that others. The putty the emission rate about 61% decreases in case in the change of test period, there was not an effect of the emission rate whom it follows at dry time. The emission rate about 164% increased with increase of application quantity. It tried to compare two test methods, it compared in the paint and putty all current test method it was relaxed the possibility of knowing the thing there was a standard.

The effect of Westergren tube angle, temperature and osmobility with the different percent of NaCl solution on erythrocyte sedimentation rate (적혈구 침강속도에 대한 Westergren tube 각도, 온도 및 NaCl 농도가 미치는 영향)

  • Kim, Do-kyun;Kim, Young-hong;Yu, Chang-jun
    • Korean Journal of Veterinary Research
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    • v.36 no.1
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    • pp.75-82
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    • 1996
  • Erythrocyte sedimentation rate is influenced by plasma protein, red cell itself and physiological conditions and it is clear that the measurement of erythrocyte sedimentation rate varies with technique and various environmental factors. The effect of temperature, angle of test tube, and osmobility with different percent of NaCl solution on erythrocyte sedimentation rate on sheep was determined by modified Westergren method. In sheep, as the angle of Westergren tube was decreased from $90^{\circ}$ to $45^{\circ}$, erythrocyte sedimentation rate was increased in both diluted plasma and NaCl solutions. As temperature was increased from $4^{\circ}C$ to $20^{\circ}C$ at $45^{\circ}$ angle. erythrocyte sedimentation rate was increased. In ruminants, this modified Westergren methods, erythrocyte 1 : plasma 9 instead of erythrocyte 4 : plasma 6(whole blood), enable them to have meanings as dog therefor, using this method, clinical can determine the erythrocyte sedimentation rate of ruminants for diagnosis. Because erythrocyte sedimentation rate was changed according to the angle of Westergren tube, temperature as erythrocyte diluted with NaCl, this study detected that the change of temperature, the angle of Westergren tube could change erythrocyte sedimentation rate by effecting red cell itself. The increase of osmobility owing to change of NaCl percent resulted in the decrease of rapid erythrocyte sedimentation rate. So this fact indicate that deformibility and the change of red cell volume have meaning in the change of erythrocyte sedimentation rate.

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