• Title/Summary/Keyword: Seasonal forecasting system

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A Study on the Seasonal Adjustment of Time Series and Demand Forecasting for Electronic Product Sales (전자제품 판매매출액 시계열의 계절 조정과 수요예측에 관한 연구)

  • Seo, Myeong-Yul;Rhee, Jong-Tae
    • Journal of Applied Reliability
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    • v.3 no.1
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    • pp.13-40
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    • 2003
  • The seasonal adjustment is an essential process in analyzing the time series of economy and business. One of the powerful adjustment methods is X11-ARIMA Model which is popularly used in Korea. This method was delivered from Canada. However, this model has been developed to be appropriate for Canadian and American environment. Therefore, we need to review whether the X11-ARIMA Model could be used properly in Korea. In this study, we have applied the method to the annual sales of refrigerator sales in A electronic company. We appreciated the adjustment by result analyzing the time series components such as seasonal component, trend-cycle component, and irregular component, with the proposed method. Additionally, in order to improve the result of seasonal adjusted time series, we suggest the demand forecasting method base on autocorrelation and seasonality with the X11-ARIMA PROC.

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Annual Yearly Load Forecasting by Using Seasonal Load Characteristics With Considering Weekly Normalization (주단위 정규화를 통하여 계절별 부하특성을 고려한 연간 전력수요예측)

  • Cha, Jun-Min;Yoon, Kyoung-Ha;Ku, Bon-Hui
    • Proceedings of the KIEE Conference
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    • 2011.07a
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    • pp.199-200
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    • 2011
  • Load forecasting is very important for power system analysis and planning. This paper suggests yearly load forecasting of considering weekly normalization and seasonal load characteristics. Each weekly peak load is normalized and the average value is calculated. The new hourly peak load is seasonally collected. This method was used for yearly load forecasting. The results of the actual data and forecast data were calculated error rate by comparing.

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Time-Series Estimation based AI Algorithm for Energy Management in a Virtual Power Plant System

  • Yeonwoo LEE
    • Korean Journal of Artificial Intelligence
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    • v.12 no.1
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    • pp.17-24
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    • 2024
  • This paper introduces a novel approach to time-series estimation for energy load forecasting within Virtual Power Plant (VPP) systems, leveraging advanced artificial intelligence (AI) algorithms, namely Long Short-Term Memory (LSTM) and Seasonal Autoregressive Integrated Moving Average (SARIMA). Virtual power plants, which integrate diverse microgrids managed by Energy Management Systems (EMS), require precise forecasting techniques to balance energy supply and demand efficiently. The paper introduces a hybrid-method forecasting model combining a parametric-based statistical technique and an AI algorithm. The LSTM algorithm is particularly employed to discern pattern correlations over fixed intervals, crucial for predicting accurate future energy loads. SARIMA is applied to generate time-series forecasts, accounting for non-stationary and seasonal variations. The forecasting model incorporates a broad spectrum of distributed energy resources, including renewable energy sources and conventional power plants. Data spanning a decade, sourced from the Korea Power Exchange (KPX) Electrical Power Statistical Information System (EPSIS), were utilized to validate the model. The proposed hybrid LSTM-SARIMA model with parameter sets (1, 1, 1, 12) and (2, 1, 1, 12) demonstrated a high fidelity to the actual observed data. Thus, it is concluded that the optimized system notably surpasses traditional forecasting methods, indicating that this model offers a viable solution for EMS to enhance short-term load forecasting.

A Study of Forecast System for Clear-Air Turbulence in Korea, Part II: Graphical Turbulence Guidance (GTG) System (한국의 청천난류 예보 시스템에 대한 연구 Part II: Graphical Turbulence Guidance (GTG) 시스템)

  • Kim, Jung-Hoon;Chun, Hye-Yeong;Jang, Wook;Sharman, R.
    • Atmosphere
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    • v.19 no.3
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    • pp.269-287
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    • 2009
  • CAT (clear-air turbulence) forecasting algorithm, the Graphical Turbulence Guidance (GTG) system developed at NCAR (national center for atmospheric research), is evaluated with available observations (e.g., pilot reports; PIREPs) reported in South Korea during the recent 5 years (2003-2008, excluding 2005). The GTG system includes several steps. First, 44 CAT indices are calculated in the domain of the Regional Data Assimilation and Prediction System (RDAPS) analysis data with 30 km horizontal grid spacing provided by KMA (Korean Meteorological Administration). Second, 10 indices that performed ten best forecasting scores are selected. Finally, 10 indices are combined by measuring the score based on the probability of detection, which is calculated using PIREPs exclusively of moderate-or-greater intensity. In order to investigate the best performance of the GTG system in Korea, various statistical examinations and sensitivity tests of the GTG system are performed by yearly and seasonally classified PIREPs. Performances of the GTG system based on yearly distributed PIREPs have annual variations because the compositions of indices are different from each year. Seasonal forecasting is generally better than yearly forecasting, because selected CAT indices in each season represent meteorological condition much more properly than applying the selected CAT indices to all seasons. Wintertime forecasting is the best among the four seasonal forecastings. This is likely due to that the GTG system consists of many CAT indices related to the jet stream, and turbulence associated with the jet stream can be activated mostly in wintertime under strong jet magnitude. On the other hand, summertime forecasting skill is much less than other seasons. Compared with current operational CAT prediction system (KITFA; Korean Integrated Turbulence Forecasting System), overall performance of the GTG system is better when CAT indices are selected seasonally.

Daily Maximum Electric Load Forecasting for the Next 4 Weeks for Power System Maintenance and Operation (전력계통 유지보수 및 운영을 위한 향후 4주의 일 최대 전력수요예측)

  • Jung, Hyun-Woo;Song, Kyung-Bin
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.63 no.11
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    • pp.1497-1502
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    • 2014
  • Electric load forecasting is essential for stable electric power supply, efficient operation and management of power systems, and safe operation of power generation systems. The results are utilized in generator preventive maintenance planning and the systemization of power reserve management. Development and improvement of electric load forecasting model is necessary for power system maintenance and operation. This paper proposes daily maximum electric load forecasting methods for the next 4 weeks with a seasonal autoregressive integrated moving average model and an exponential smoothing model. According to the results of forecasting of daily maximum electric load forecasting for the next 4 weeks of March, April, November 2010~2012 using the constructed forecasting models, the seasonal autoregressive integrated moving average model showed an average error rate of 6,66%, 5.26%, 3.61% respectively and the exponential smoothing model showed an average error rate of 3.82%, 4.07%, 3.59% respectively.

Short-term Forecasting of Power Demand based on AREA (AREA 활용 전력수요 단기 예측)

  • Kwon, S.H.;Oh, H.S.
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.1
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    • pp.25-30
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    • 2016
  • It is critical to forecast the maximum daily and monthly demand for power with as little error as possible for our industry and national economy. In general, long-term forecasting of power demand has been studied from both the consumer's perspective and an econometrics model in the form of a generalized linear model with predictors. Time series techniques are used for short-term forecasting with no predictors as predictors must be predicted prior to forecasting response variables and containing estimation errors during this process is inevitable. In previous researches, seasonal exponential smoothing method, SARMA (Seasonal Auto Regressive Moving Average) with consideration to weekly pattern Neuron-Fuzzy model, SVR (Support Vector Regression) model with predictors explored through machine learning, and K-means clustering technique in the various approaches have been applied to short-term power supply forecasting. In this paper, SARMA and intervention model are fitted to forecast the maximum power load daily, weekly, and monthly by using the empirical data from 2011 through 2013. $ARMA(2,\;1,\;2)(1,\;1,\;1)_7$ and $ARMA(0,\;1,\;1)(1,\;1,\;0)_{12}$ are fitted respectively to the daily and monthly power demand, but the weekly power demand is not fitted by AREA because of unit root series. In our fitted intervention model, the factors of long holidays, summer and winter are significant in the form of indicator function. The SARMA with MAPE (Mean Absolute Percentage Error) of 2.45% and intervention model with MAPE of 2.44% are more efficient than the present seasonal exponential smoothing with MAPE of about 4%. Although the dynamic repression model with the predictors of humidity, temperature, and seasonal dummies was applied to foretaste the daily power demand, it lead to a high MAPE of 3.5% even though it has estimation error of predictors.

The KMA Global Seasonal Forecasting System (GloSea6) - Part 1: Operational System and Improvements (기상청 기후예측시스템(GloSea6) - Part 1: 운영 체계 및 개선 사항)

  • Kim, Hyeri;Lee, Johan;Hyun, Yu-Kyung;Hwang, Seung-On
    • Atmosphere
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    • v.31 no.3
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    • pp.341-359
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    • 2021
  • This technical note introduces the new Korea Meteorological Administration (KMA) Global Seasonal forecasting system version 6 (GloSea6) to provide a reference for future scientific works on GloSea6. We describe the main areas of progress and improvements to the current GloSea5 in the scientific and technical aspects of all the GloSea6 components - atmosphere, land, ocean, and sea-ice models. Also, the operational architectures of GloSea6 installed on the new KMA supercomputer are presented. It includes (1) pre-processes for atmospheric and ocean initial conditions with the quasi-real-time land surface initialization system, (2) the configurations for model runs to produce sets of forecasts and hindcasts, (3) the ensemble statistical prediction system, and (4) the verification system. The changes of operational frameworks and computing systems are also reported, including Rose/Cylc - a new framework equipped with suite configurations and workflows for operationally managing and running Glosea6. In addition, we conduct the first-ever run with GloSea6 and evaluate the potential of GloSea6 compared to GloSea5 in terms of verification against reanalysis and observations, using a one-month case of June 2020. The GloSea6 yields improvements in model performance for some variables in some regions; for example, the root mean squared error of 500 hPa geopotential height over the tropics is reduced by about 52%. These experimental results show that GloSea6 is a promising system for improved seasonal forecasts.

Comparison Studies of Hybrid and Non-hybrid Forecasting Models for Seasonal and Trend Time Series Data (트렌드와 계절성을 가진 시계열에 대한 순수 모형과 하이브리드 모형의 비교 연구)

  • Jeong, Chulwoo;Kim, Myung Suk
    • Journal of Intelligence and Information Systems
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    • v.19 no.1
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    • pp.1-17
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    • 2013
  • In this article, several types of hybrid forecasting models are suggested. In particular, hybrid models using the generalized additive model (GAM) are newly suggested as an alternative to those using neural networks (NN). The prediction performances of various hybrid and non-hybrid models are evaluated using simulated time series data. Five different types of seasonal time series data related to an additive or multiplicative trend are generated over different levels of noise, and applied to the forecasting evaluation. For the simulated data with only seasonality, the autoregressive (AR) model and the hybrid AR-AR model performed equivalently very well. On the other hand, if the time series data employed a trend, the SARIMA model and some hybrid SARIMA models equivalently outperformed the others. In the comparison of GAMs and NNs, regarding the seasonal additive trend data, the SARIMA-GAM evenly performed well across the full range of noise variation, whereas the SARIMA-NN showed good performance only when the noise level was trivial.

Verification and Comparison of Forecast Skill between Global Seasonal Forecasting System Version 5 and Unified Model during 2014 (2014년 계절예측시스템과 중기예측모델의 예측성능 비교 및 검증)

  • Lee, Sang-Min;Kang, Hyun-Suk;Kim, Yeon-Hee;Byun, Young-Hwa;Cho, ChunHo
    • Atmosphere
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    • v.26 no.1
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    • pp.59-72
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    • 2016
  • The comparison of prediction errors in geopotential height, temperature, and precipitation forecasts is made quantitatively to evaluate medium-range forecast skills between Global Seasonal Forecasting System version 5 (GloSea5) and Unified Model (UM) in operation by Korea Meteorological Administration during 2014. In addition, the performances in prediction of sea surface temperature anomaly in NINO3.4 region, Madden and Julian Oscillation (MJO) index, and tropical storms in western north Pacific are evaluated. The result of evaluations appears that the forecast skill of UM with lower values of root-mean square error is generally superior to GloSea5 during forecast periods (0 to 12 days). The forecast error tends to increase rapidly in GloSea5 during the first half of the forecast period, and then it shows down so that the skill difference between UM and GloSea5 becomes negligible as the forecast time increases. Precipitation forecast of GloSea5 is not as bad as expected and the skill is comparable to that of UM during 10-day forecasts. Especially, in predictions of sea surface temperature in NINO3.4 region, MJO index, and tropical storms in western Pacific, GloSea5 shows similar or better performance than UM. Throughout comparison of forecast skills for main meteorological elements and weather extremes during medium-range, the effects of initial and model errors in atmosphere-ocean coupled model are verified and it is suggested that GloSea5 is useful system for not only seasonal forecasts but also short- and medium-range forecasts.

Assessment of the Prediction Derived from Larger Ensemble Size and Different Initial Dates in GloSea6 Hindcast (기상청 기후예측시스템(GloSea6) 과거기후 예측장의 앙상블 확대와 초기시간 변화에 따른 예측 특성 분석)

  • Kim, Ji-Yeong;Park, Yeon-Hee;Ji, Heesook;Hyun, Yu-Kyung;Lee, Johan
    • Atmosphere
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    • v.32 no.4
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    • pp.367-379
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    • 2022
  • In this paper, the evaluation of the performance of Korea Meteorological Administratio (KMA) Global Seasonal forecasting system version 6 (GloSea6) is presented by assessing the effects of larger ensemble size and carrying out the test using different initial conditions for hindcast in sub-seasonal to seasonal scales. The number of ensemble members increases from 3 to 7. The Ratio of Predictable Components (RPC) approaches the appropriate signal magnitude with increase of ensemble size. The improvement of annual variability is shown for all basic variables mainly in mid-high latitude. Over the East Asia region, there are enhancements especially in 500 hPa geopotential height and 850 hPa wind fields. It reveals possibility to improve the performance of East Asian monsoon. Also, the reliability tends to become better as the ensemble size increases in summer than winter. To assess the effects of using different initial conditions, the area-mean values of normalized bias and correlation coefficients are compared for each basic variable for hindcast according to the four initial dates. The results have better performance when the initial date closest to the forecasting time is used in summer. On the seasonal scale, it is better to use four initial dates, where the maximum size of the ensemble increases to 672, mainly in winter. As the use of larger ensemble size, therefore, it is most efficient to use two initial dates for 60-days prediction and four initial dates for 6-months prediction, similar to the current Time-Lagged ensemble method.