• Title/Summary/Keyword: M-step ahead prediction

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Control of Chaos using M-step ahead prediction (M단계 예측방법을 이용한 혼돈현상 제어)

  • 이철목;권영석;이균경
    • 제어로봇시스템학회:학술대회논문집
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    • 1996.10b
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    • pp.85-88
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    • 1996
  • We develop an efficient technique of controlling chaos using M-step ahead prediction with the OGY method. It has smaller transient time than the OGY method, and prevents burst phenomena that occur in noisy environment. This technique is very simple and needs small memory compared with targeting algorithms. Numerical examples show that the proposed algorithm has good performance, especially in noisy environment.

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Dynamic Linkages between Food Inflation and Its Volatility: Evidence from Sri Lankan Economy

  • MOHAMED MUSTAFA, Abdul Majeed;SIVARAJASINGHAM, Selliah
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.4
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    • pp.139-145
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    • 2019
  • This study examines the dynamic linkages between food price inflation and its volatility in the context of Sri Lanka. The empirical evidence derived from the monthly data for the period from 2003M1 to 2017M12 for Sri Lanka. The relationship between inflation rate and inflation volatility has attracted more attention by theoretical and empirical macroeconomists. Empirical studies on the relationship between food inflation and food inflation variability is scarce in the literature. Food price inflation is defined as log difference of food price series. The volatility of a food price inflation is measured by conditional variance generated by the FIGARCH model. Preliminary analysis showed that food inflation is stationary series. Granger causality test reveals that food inflation seems to exert positive impact on inflation variability. We find no evidence for inflation uncertainty affecting food inflation rates. Hence, the findings of the study supports the Friedman-Ball hypothesis in both cases of consumer food price inflation and wholesale food price inflation. This implies that past information on food inflation can help improve the one-step-ahead prediction of food inflation variability but not vice versa. Our results have some important policy implications for the design of monetary policy, food policy thereby promoting macroeconomic stability.

Development of an Operational Storm Surge Prediction System for the Korean Coast

  • Park, Kwang-Soon;Lee, Jong-Chan;Jun, Ki-Cheon;Kim, Sang-Ik;Kwon, Jae-Il
    • Ocean and Polar Research
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    • v.31 no.4
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    • pp.369-377
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    • 2009
  • Performance of the Korea Ocean Research and Development Institute (KORDI) operational storm surge prediction system for the Korean coast is presented here. Results for storm surge hindcasts and forecasts calculations were analyzed. The KORDI storm surge system consists of two important components. The first component is atmospheric models, based on US Army Corps of Engineers (CE) wind model and the Weather Research and Forecasting (WRF) model, and the second components is the KORDI-storm surge model (KORDI-S). The atmospheric inputs are calculated by the CE wind model for typhoon period and by the WRF model for non-typhoon period. The KORDI-S calculates the storm surges using the atmospheric inputs and has 3-step nesting grids with the smallest horizontal resolution of ${\sim}$300 m. The system runs twice daily for a 72-hour storm surge prediction. It successfully reproduced storm surge signals around the Korean Peninsula for a selection of four major typhoons, which recorded the maximum storm surge heights ranging from 104 to 212 cm. The operational capability of this system was tested for forecasts of Typhoon Nari in 2007 and a low-pressure event on August 27, 2009. This system responded correctly to the given typhoon information for Typhoon Nari. In particular, for the low-pressure event the system warned of storm surge occurrence approximately 68 hours ahead.