• Title/Summary/Keyword: Agricultural Forecasting

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Comparison of forecasting performance of time series models for the wholesale price of dried red peppers: focused on ARX and EGARCH

  • Lee, Hyungyoug;Hong, Seungjee;Yeo, Minsu
    • Korean Journal of Agricultural Science
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    • v.45 no.4
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    • pp.859-870
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    • 2018
  • Dried red peppers are a staple agricultural product used in Korean cuisine and as such, are an important aspect of agricultural producers' income. Correctly forecasting both their supply and demand situations and price is very important in terms of the producers' income and consumer price stability. The primary objective of this study was to compare the performance of time series forecasting models for dried red peppers in Korea. In this study, three models (an autoregressive model with exogenous variables [ARX], AR-exponential generalized autoregressive conditional heteroscedasticity [EGARCH], and ARX-EGARCH) are presented for forecasting the wholesale price of dried red peppers. As a result of the analysis, it was shown that the ARX model and ARX-EGARCH model, each of which adopt both the rolling window and the adding approach and use the agricultural cooperatives price as the exogenous variable, showed a better forecasting performance compared to the autoregressive model (AR)-EGARCH model. Based on the estimation methods and results, there was no significant difference in the accuracy of the estimation between the rolling window and adding approach. In the case of dried red peppers, there is limitation in building the price forecasting models with a market-structured approach. In this regard, estimating a forecasting model using only price data and identifying the forecast performance can be expected to complement the current pricing forecast model which relies on market shipments.

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.

A Basic Study on the Flood-Flow Forecasting System Model with Integrated Optimal Operation of Multipurpose Dams (댐저수지군의 최적연계운영을 고려한 유출예측시스템모형 구축을 위한 기초적 연구)

  • 안승섭
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.37 no.3_4
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    • pp.48-60
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    • 1995
  • A flood - flow forecasting system model of river basins has been developed in this study. The system model consists of the data management system(the observation and telemetering system, the rainfall forecasting and data-bank system), the flood runoff simulation system, the reservoir operation simulation system, the flood forecasting simulation system, the flood warning system and the user's menu system. The Multivariate Rainfall Forecasting model, Meteorological factor regression model and Zone expected rainfall model for rainfall forecasting and the Streamflow synthesis and reservoir regulation(SSARR) model for flood runoff simulation have been adopted for the development of a new system model for flood - flow forecasting. These models are calibrated to determine the optimal parameters on the basis of observed rainfall, 7 streamfiow and other hydrological data during the past flood periods.

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Reservoir Water Level Forecasting Using Machine Learning Models (기계학습모델을 이용한 저수지 수위 예측)

  • Seo, Youngmin;Choi, Eunhyuk;Yeo, Woonki
    • Journal of The Korean Society of Agricultural Engineers
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    • v.59 no.3
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    • pp.97-110
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    • 2017
  • This study investigates the efficiencies of machine learning models, including artificial neural network (ANN), generalized regression neural network (GRNN), adaptive neuro-fuzzy inference system (ANFIS) and random forest (RF), for reservoir water level forecasting in the Chungju Dam, South Korea. The models' efficiencies are assessed based on model efficiency indices and graphical comparison. The forecasting results of the models are dependent on lead times and the combination of input variables. For lead time t = 1 day, ANFIS1 and ANN6 models yield superior forecasting results to RF6 and GRNN6 models. For lead time t = 5 days, ANN1 and RF6 models produce better forecasting results than ANFIS1 and GRNN3 models. For lead time t = 10 days, ANN3 and RF1 models perform better than ANFIS3 and GRNN3 models. It is found that ANN model yields the best performance for all lead times, in terms of model efficiency and graphical comparison. These results indicate that the optimal combination of input variables and forecasting models depending on lead times should be applied in reservoir water level forecasting, instead of the single combination of input variables and forecasting models for all lead times.

Short-term Flood Forecasting Using Artificial Neural Networks (인공신경망 이론을 이용한 단기 홍수량 예측)

  • 강문성;박승우
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.45 no.2
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    • pp.45-57
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    • 2003
  • An artificial neural network model was developed to analyze and forecast Short-term river runoff from the Naju watershed, in Korea. Error back propagation neural networks (EBPN) of hourly rainfall and runoff data were found to have a high performance In forecasting runoff. The number of hidden nodes were optimized using total error and Bayesian information criterion. Model forecasts are very accurate (i.e., relative error is less than 3% and $R^2$is greater than 0.99) for calibration and verification data sets. Increasing the time horizon for application data sets, thus mating the model suitable for flood forecasting. decreases the accuracy of the model. The resulting optimal EBPN models for forecasting hourly runoff consists of ten rainfall and four runoff data(ANN0410 model) and ten rainfall and ten runoff data(ANN1010 model). Performances of the ANN0410 and ANN1010 models remain satisfactory up to 6 hours (i.e., $R^2$is greater than 0.92).

Runoff Forecasting Model by the Combination of Fuzzy Inference System and Neural Network (Fuzzy추론 시스템과 신경회로망을 결합한 하천유출량 예측)

  • Heo, Chang-Hwan;Lim, Kee-Seok
    • Journal of The Korean Society of Agricultural Engineers
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    • v.49 no.3
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    • pp.21-31
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    • 2007
  • This study is aimed at the development of a runoff forecasting model by using the Fuzzy inference system and Neural Network model to solve the uncertainties occurring in the process of rainfall-runoff modeling and improve the modeling accuracy of the stream runoff forecasting. The Neuro-Fuzzy (NF) model were used in this study. The NF model, recently received a great deal of attention, improve the existing Neural Networks by the aid of the Fuzzy theory applied to each node. The study area is the downstreams of Naeseung-chun. Therefore, time-dependent data was obtained from the Wolpo water level gauging station. 11 and 2 out of total 13 flood events were selected for the training and testing set of model respectively. The schematic diagram method and the statistical analysis are conducted to evaluate the feasibility of rainfall-runoff modeling. The model accuracy was rapidly decreased as the forecasting time became longer. The NF model can give accurate runoff forecasts up to 4 hours ahead in standard above the Determination coefficient $(R^2)$ 0.7. In the comparison of the runoff forecasting using the NF and TANK models, characteristics of peak runoff in the TANK model was higher than ones in the NF models, but peak values of hydrograph in the NF models were similar.

Real-time Flood Forecasting Model for Irrigation Reservoir Using Simplex Method (최적화기법을 이용한 관개저수지의 실시간 홍수예측모형(수공))

  • 문종필;김태철
    • Proceedings of the Korean Society of Agricultural Engineers Conference
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    • 2000.10a
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    • pp.390-396
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    • 2000
  • The basic concept of the model is minimizing the error range between forecasted flood inflow and actual flood inflow, and accurately forecasting the flood discharge some hours in advance depending on the concentration time(Tc) and soil moisture retention storage(Sa). Simplex method that is a multi-level optimization technique was used to search for the determination of the best parameters of RETFLO (REal-Time FLOod forecasting)model. The flood forecasting model developed was applied to several strom events of Yedang reservoir during past 10 years. Model perfomance was very good with relative errors of 10% for comparison of total runoff volume and with one hour delayed peak time.

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Forecasting the Flood Inflow into Irrigation Reservoir (관개저수지의 홍수유입량 예측)

  • 문종필;엄민용;박철동;김태얼
    • Proceedings of the Korean Society of Agricultural Engineers Conference
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    • 1999.10c
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    • pp.512-518
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    • 1999
  • Recently rainfall and water evel are monitored via on -line system in real-time bases. We applied the on-line system to get the rainfall and waterlevel data for the development of the real-time flood forecasting model based on SCS method in hourly bases. Main parameters for the model calibration are concentration time of flood and soil moisture condition in the watershed. Other parameters of the model are based on SCS TR-%% and DAWAST model. Simplex method is used for promoting the accuracy of parameter estimation. The basic concept of the model is minimizing the error range between forcasted flood inflow and actual flood inflow, and accurately forecasting the flood discharge some hours in advance depending on the concentration time. The flood forecasting model developed was applied to the Yedang and Topjung reservoir.

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Real-Time Flood Forecasting System For the Keum River Estuary Dam(II) -System Application- (금강하구둑 홍수예경보시스템 개발(II) -시스템의 적용-)

  • 정하우;이남호;김현영;김성준
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.36 no.3
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    • pp.60-66
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    • 1994
  • This paper is to validate the proposed models for the real-time forecasting for the Keum river estuary dam such as tidal-level forecasting model, one-dimensional unsteady flood routing model, and Kalman filter models. The tidal-level forecasting model was based on semi-range and phase lag of four tidal constituents. The dynamic wave routing model was based on an implicit finite difference solution of the complete one-dimensional St. Venant equations of unsteady flow. The Kalman filter model was composed of a processing equation and adaptive filtering algorithm. The processng equations are second ordpr autoregressive model and autoregressive moving average model. Simulated results of the models were compared with field data and were reviewed.

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