• Korea Trade Review
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• v.45 no.5
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• pp.75-89
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• 2020

The purpose of this paper was to analyze the trend of container volume using the Seasonal Autoregressive Intergrated Moving Average (SARIMA) model. To this end, this paper used monthly time-series data of the East Sea Rim from 2001 to 2019. As a result, the SARIMA(2,1,1)12 model was identified as the most suitable model, and the superiority of the SARIMA model was demonstrated by comparative analysis with the ARIMA model. In addition, to confirmed forecasting accuracy of SARIMA model, this paper compares the volume of predict container to the actual volume. According to the forecast for 24 months from 2020 to 2021, the volume of containaer increased from 60,100,000Ton in 2020 to 64,900,000Ton in 2021

• The Journal of Asian Finance, Economics and Business
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• v.9 no.10
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• pp.1-13
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• 2022

This paper empirically explores the predicting ability of the newly proposed smooth transition (ST) time-varying combining forecast methods. The proposed method allows the "weight" of combining forecasts to change gradually over time through its unique feature of transition variables. Stock market returns from 7 countries were applied to Ad Hoc models, the well-known Generalized Autoregressive Conditional Heteroskedasticity (GARCH) family models, and the Smooth Transition Exponential Smoothing (STES) models. Of the individual models, GJRGARCH and STES-E&AE emerged as the best models and thereby were chosen for constructing the combined forecast models where a total of nine ST combining methods were developed. The robustness of the ST combining forecasts is also validated by the Diebold-Mariano (DM) test. The post-sample forecasting performance shows that ST combining forecast methods outperformed all the individual models and fixed weight combining models. This study contributes in two ways: 1) the ST combining methods statistically outperformed all the individual forecast methods and the existing traditional combining methods using simple averaging and Bates & Granger method. 2) trading volume as a transition variable in ST methods was superior to other individual models as well as the ST models with single sign or size of past shocks as transition variables.

• Proceedings of the KIEE Conference
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• 2001.07e
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• pp.62-64
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• 2001

This paper presents a forecasting method for production volume of each model manufacture d goods by using Back-Propagation technique of Neural Networks. As the learning constant and the momentum constant are respectively 0.65 and 0.94, the teaming number is the least, and the forecating accuracy is the highest. When the learning process is more than 1,000 times, the accurate forecating was possible regardless of kind of product.

• Journal of Korea Port Economic Association
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• v.26 no.1
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• pp.83-104
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• 2010

The purpose of this paper is to prepare container port policy and to contribute to the regional economy by forecasting of the container freight volume for the Donghae Port and Sokcho Port. As a methodology a survey and O/D technique were adopted. O/D technique was applied to the container freight data of Korea Maritime Institute. The main results of this paper are as follows: First, it is adviserable that Gangwondo Province should adopt incentive program of 100,000 won Per TEU rather than 50,000 won per TEU. Secondly, container freight volume for Donghae Port and Sokcho Port is forecast to be 22,388 TEU in 2010, 152,367 TEU in 2015 and 354,217 TEU from 6,653 TEU in 2008. Thirdly, joint port marketing is required for the Donghae Port and Sokcho Port in terms of same region in one hour drive.

• Journal of Korea Port Economic Association
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• v.31 no.1
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• pp.69-84
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• 2015

The purpose of this study is to forecast the seaborne trade volume during January 1994 to December 2014 using the multiplicative seasonal autoregressive integrated moving average (ARIMA) along with intervention factors and an artificial neural network (ANN) model. Diagnostic checks of the ARIMA model were conducted using the Ljung-Box Q and Jarque-Bera statistics. All types of ARIMA process satisfied the basic assumption of residuals. The ARIMA(2,1,0) $(1,0,1)_{12}$ model showed the lowest forecast error. In addition, the prediction error of the artificial neural network indicated a level of 5.9% on hidden layer 5, which suggests a relatively accurate forecasts. Furthermore, the ex-ante predicted values based on the ARIMA model and ANN model are presented. The result shows that the seaborne trade volume increases very slowly.

• Journal of Korea Water Resources Association
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• v.45 no.6
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• pp.607-616
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• 2012

The objective of this study is to evaluate the valid forecast lead time and the accuracy when AWS observed rainfall data are used for real-time river flow forecast. For this, Namhan river basin is selected as study area and SURF model is constructed during flood seasons in 2006~2009. The simulated flow with and without the assimilation of the observed flow data are well fitted. Effectiveness index (EI) is used to evaluate amount of improvement for the assimilation. EI at Chungju, Dalcheon, Hoengsung and Yeoju sites as evaluation points show 32.08%, 51.53%, 39.70% and 18.23% improved, respectively. In the results of the forecasted values using the limited observed rainfall data in each forecast time before peak flow occur, the peak flow under the 20% tolerance range of relative error at Chungju, Dalcheon, Hoengsung and Yeoju sites can be simulated in forecast time-11h, 2h, 3h and 5h and the flow volume in the same condition at those sites can be simulated in forecast time-13h, 2h, 4h and 9h, respectively. From this results, observed rainfall data can be used for real-time peak flow forecast because of basin lag time.

• Journal of the Korean Solar Energy Society
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• v.29 no.2
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• pp.31-38
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• 2009

This study was conducted to forecast inner water temperature strata change by extracting deep water from a dam. For the methodology, the scope wherein the balance between the volume of low-temperature water intake through the virtual water intake opening as installed within the stored water area and the volume of water intake from the surrounding area is not destroyed was calculated through the CFD simulation technique using the computational fluid dynamics(CFD) interpretation method. This study suggested a supplementary method(diffuser) to avoid destroying the water temperature strata, and the effect was reviewed. In case of intake of the same volume, when the velocity of flow of water intake is reduced by increasing the pipe diameter, the destruction of water temperature strata can be minimized. When the area(height) where the intake of water is possible is low, a diffuser for interrupting the vertical direction inflow should be installed to secure favorable water intake conditions in case of water intake on the upper part. This study showed that there was no problem if the intake-enabled, low-temperature area was secured approximately 10m from the bottom when the scope that does not destroy the water temperature strata in case of water intake was forecast using the regression formula.

• Journal of The Korean Society of Agricultural Engineers
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• v.59 no.2
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• pp.69-79
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• 2017

In this study, we developed real-time urban stream discharge forecasting model using short-term rainfall forecasts data simulated by a regional climate model (RCM). The National Centers for Environmental Prediction (NCEP) Climate Forecasting System (CFS) data was used as a boundary condition for the RCM, namely the Global/Regional Integrated Model System(GRIMs)-Regional Model Program (RMP). In addition, we make ensemble (ESB) forecast with different lead time from 1-day to 3-day and its accuracy was validated through temporal correlation coefficient (TCC). The simulated rainfall is compared to observed data, which are automatic weather stations (AWS) data and Tropical Rainfall Measuring Mission (TRMM) Multisatellite Precipitation Analysis (TMPA 3B43; 3 hourly rainfall with $0.25^{\circ}{\times}0.25^{\circ}$ resolution) data over midland of Korea in July 26-29, 2011. Moreover, we evaluated urban rainfall-runoff relationship using Storm Water Management Model (SWMM). Several statistical measures (e.g., percent error of peak, precent error of volume, and time of peak) are used to validate the rainfall-runoff model's performance. The correlation coefficient (CC) and the Nash-Sutcliffe efficiency (NSE) are evaluated. The result shows that the high correlation was lead time (LT) 33-hour, LT 27-hour, and ESB forecasts, and the NSE shows positive values in LT 33-hour, and ESB forecasts. Through this study, it can be expected to utilizing the real-time urban flood alert using short-term weather forecast.

• Journal of Korea Port Economic Association
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• v.34 no.1
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• pp.81-98
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• 2018

Port logistics is essential for Korea's economy which heavily rely on international trade. Vast amounts of capital and time are consumed for the operation and development of ports to improve their competitiveness. Therefore, it is important to forecast cargo volume in order to establish the optimum level of construction and development plan. Itemized forecasting is necessary for appropriate port planning, since disaggregate approach is able to provides more realistic solution than aggregate forecasting. We introduce a new time series model which is Two-way Seasonality Multiplied Regressive Model (TSMR) to forecast oil cargo volume, which accounts for a large portion of total cargo volume in Korea. The TSMR model is designed to take into account the characteristics of oil cargo volume which exhibits trends with short and long-term seasonality. To verify the TSMR model, existing forecasting models are also used for a comparison reason. The results shows that the TSMR excels the existing models in terms of forecasting accuracy whereas the TSMR displays weakness in short-term forecasting. In addition, it was shown that the TSMR can be applied to other cargoes that have trends with short- and long-term seasonality through testing applicability of the TSMR.

• The Korean Journal of Applied Statistics
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• v.35 no.1
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• pp.93-104
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• 2022

In forecasting realized volatility of the major US stock price indexes (S&P 500, Russell 2000, DJIA, Nasdaq 100), internet search volume reflecting investor's interests and implied volatility are used to improve forecast via a deep learning method of the LSTM. The LSTM method combined with search volume index produces better forecasts than existing standard methods of the vector autoregressive (VAR) and the vector error correction (VEC) models. It also beats the recently proposed vector error correction heterogeneous autoregressive (VECHAR) model which takes advantage of the cointegration relation between realized volatility and implied volatility.