• 제목/요약/키워드: Short-Term

검색결과 6,033건 처리시간 0.037초

FORECASTING GOLD FUTURES PRICES CONSIDERING THE BENCHMARK INTEREST RATES

  • Lee, Donghui;Kim, Donghyun;Yoon, Ji-Hun
    • 충청수학회지
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    • 제34권2호
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    • pp.157-168
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    • 2021
  • This study uses the benchmark interest rate of the Federal Open Market Committee (FOMC) to predict gold futures prices. For the predictions, we used the support vector machine (SVM) (a machine-learning model) and the long short-term memory (LSTM) deep-learning model. We found that the LSTM method is more accurate than the SVM method. Moreover, we applied the Boruta algorithm to demonstrate that the FOMC benchmark interest rates correlate with gold futures.

Effect of Korean red ginseng extract on liver damage induced by shortterm and long-term ethanol treatment in rats

  • Seo, Su-Jeong;Cho, Jae Youl;Jeong, Yeon Ho;Choi, Yong-Soon
    • Journal of Ginseng Research
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    • 제37권2호
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    • pp.194-200
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    • 2013
  • Korean red ginseng (KRG) is prepared by the process of steaming the roots of Panax ginseng. In this study, the feeding effects of KRG-water extract (KRGE) on ethanol-induced liver damage were elucidated by measuring serum biomarkers in rats. Serum ${\gamma}$-glutamyltranspeptidase (g-GT) activity and the concentration of malondialdehyde (MDA) were significantly increased by short-term and long-term ethanol treatment in rats, whereas the activities of serum glutamate pyruvate transaminase (GPT) and glutamate oxaloacetate transaminase (GOT) did not respond. Pretreatment with KRGE maintained the activity of serum GPT, and the MDA concentration induced by short-term ethanol ingestion remained within the normal range. However, co-feeding of KRGE to rats decreased the concentration of MDA but failed to modulate the serum ${\gamma}$-GT activity induced by long-term ethanol treatment. Our studies suggest that in rats, it appears that KRGE does not sufficiently reverse the physiological response evoked by long-term ethanol ingestion to maintain normal conditions, in view of the serum biomarker ${\gamma}$-GT, regardless of KRGE's favorable antioxidant activity.

MCP방법을 이용한 장기간 풍속 및 풍력에너지 변동 특성 분석 (Variability Characteristics Analysis of the Long-term Wind and Wind Energy Using the MCP Method)

  • 현승건;장문석;고석환
    • 한국태양에너지학회 논문집
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    • 제33권5호
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    • pp.1-8
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    • 2013
  • Wind resource data of short-term period has to be corrected a long-term period by using MCP method that Is a statistical method to predict the long-term wind resource at target site data with a reference site data. Because the field measurement for wind assessment is limited to a short period by various constraints. In this study, 2 different MCP methods such as Linear regression and Matrix method were chosen to compare the predictive accuracy between the methods. Finally long-term wind speed, wind power density and capacity factor at the target site for 20 years were estimated for the variability of wind and wind energy. As a result, for 20 years annual average wind speed, Yellow sea off shore wind farm was estimated to have 4.29% for coefficient of variation, CV, and -9.57%~9.53% for range of variation, RV. It was predicted that the annual wind speed at Yellow sea offshore wind farm varied within ${\pm}10%$.

The Impact of Government Innovation Subsidies on the Survival of SMEs in Korea

  • Kim, Sangsin
    • STI Policy Review
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    • 제9권1호
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    • pp.55-76
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    • 2018
  • This study analyzed the effect of the government R&D subsidy program on long-term firm survival. In order to estimate the average treatment effect for the treated group, we used the survival analysis and matching method by constituting a comprehensive dataset of more than 90,000 observations. The analysis results show that the government R&D subsidy has a negative impact on long-term firm survival. In particular, not only the subsidy does not have a statistically significant effect on firm survival in the relatively short-term, the survival probability of the subsidized firms is statistically significantly lower than the non-subsidized firms after six years. These results can be seen as weakening the justification of government R&D support. There may be problems in the subsidy policy itself and the process of selection of subsidy awardees; however, the more fundamental problem is that the subsidy policy is concluded as the one-time event. Admittedly, it would be difficult for the government to precisely manage the subsidized projects over a long term period. However, in the case of a project in which short-term performance is detected, it would be necessary to provide a step-by-step support to strengthen the firm's competitiveness through further support and continuous development of performance. Of course, mid- and long-term evaluations of subsidy support policy should be performed in parallel with such phased support.

Long-term and Short-term AC Treeing Breakdown of Epoxy/Micro-Silica/Nano-Silicate Composite in Needle-Plate Electrodes

  • Park, Jae-Jun
    • Transactions on Electrical and Electronic Materials
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    • 제13권5호
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    • pp.252-255
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    • 2012
  • In order to characterize insulation properties of epoxy/micro-silica/nano-silicate composite (EMNC), long-term and short-term AC treeing tests were carried out undr non-uniform electric field generated between needle-plate electrodes. In a long-term test, a 10 kV (60 Hz) electrical field was applied to the specimen positioned between the electrodes with a distance of 2.7 mm in an insulating oil bath at $30^{\circ}C$, and a typical branch type electrical tree was observed in the neat epoxy resin and breakdown took place at 1,042 min after applying the 10 kVelectrical field. Meanwhile, the spherical tree with the tree length of $237{\mu}m$ was seen in EMNC-65-0.3 at 52,380 min (36.4 day) and then the test was stopped because the tree propagation rate was too low. In the short-term test, an electrial field was applied to a 3.5 mm-thick specimen at an increasing voltage rate of 0.5 kV/s until breakdown in insulating oil bath at $30^{\circ}C$ and $130^{\circ}C$, and the data was estimated by Weibull statistical analysis. The electrical insulation breakdown strength for neat epoxy resin was 1,763 kV/mm at $30^{\circ}C$, while that for EMNC-65-0.3 was 2,604 kV/mm, which was a modified value of 47%. As was expected, the breakdown strength decreased at higher test temperatures.

하천유량의 모의발생을 위한 장기 및 단기 추계학적 모형의 비교연구 (A Comparative Study of the Long-Term and Short-Term Stochastic Models for Streamflow Generation)

  • 이동렬;윤용남
    • 물과 미래
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    • 제20권4호
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    • pp.257-266
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    • 1987
  • 추계학적 모형들은 수문자료의 지속성에 따라 장기모형과 단기모형으로 나눌 수 있다. 본 연구에서는 장기모형의 하나인 FFGN 모형에 필요한 매개변수인 Hurst 계수를 월 연실측자료에서 추정하고 연유량을 모의발생하여 실측자료와 통계발적 특성치를 비교하므로서 각 추정치들의 적용가능성을 평가하였다. 그리고 모의발새한 연유량을 단기간으로 분해할 수 있는 분해모형과 이 모형의 매개변수추정 방법으로 이용 가능한 단기모형인 Matalsah형을 낙동강유역의 이지점(왜관, 율동)에 적용하여 월유량을 모의발생하였으며, 실측 월유량과 각 모형에 의해 발생한 월유량의 통계학적 특성치를 비교·분석하므로서 이들 모형들의 하천유량 모의발생에 적용가능성과 모형의 선택에 기초를 마련코져 하였다.

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지속가능경영을 위한 기업의 환경적, 사회적, 지배구조적 요인이 주가수익률 및 기업 가치에 미치는 영향 (The Impact of Firms' Environmental, Social, and Governancial Factors for Sustainability on Their Stock Returns and Values)

  • 민재형;김범석;하승인
    • 한국경영과학회지
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    • 제39권4호
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    • pp.33-49
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    • 2014
  • This study empirically examines the impact of firms' environmental (E), social (S), and governancial (G) factors on their short-term and long-term values. To measure firms' non-financial performance, we use ESG performance grades published by KCGS (Korea Corporate Governance Service). We employ stock log return as the proxy of each firm's short-term value, and Tobin's Q ratio as that of its long-term value. From a series of regression analyses, we find each of the ESG factors generally has a negative impact on stock return while it has a positive impact on the Tobin's Q ratio. These results imply that firms' effort for enhancing their non-financial performance may adversely affect their financial performance in a short term; but in the long-term point of view, firms' values increase through their good images engraved by their respective social, environmental and governancial efforts. In addition, we compare the relative strength of impact among E, S, G, the three non-financial factors on the firms' value measured in Tobin's Q ratio, and find that S (social factor) and G (governancial factor) give statistically significant impact on the firms' value respectively. This result tells us it would be advised to strategically embed CSV (creating shared value) pursuing both of profits and social responsibility in the firms' future agenda. While E (environmental factor) is shown to be an insignificant factor for the firms' value, it should be emphasized as a major concern by all the stakeholders in order to form a sound business ecosystem.

학습과 기억의 생물학적 기초(I):신경심리학적 개관 (The Biological Base of Learing and Memory(I):A Neuropsychological Review)

  • 김문수
    • 인지과학
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    • 제7권3호
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    • pp.7-36
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    • 1996
  • 본 논문에서는 인간을 대상으로 한 신경심리학적 연구결과들을 중심으로 기억의 뇌생리적 기초에 관하여 지금까지 알려진 바를 개관하고자 하였다. 현재 인지심리학자들은 기억이 하나의 단일한 체계가 아니라 여러가지 독자적인 하위체계들로 구분된다고 생각한다. 이러한 다중기억체계의 관점을 따라 본 논문에서는 뇌의 어느부위가 손상될때 어떤 종류의 기억에 장애가 생기는가,그리고 뇌영상 기법을 사용하요 특정 기억과제를 수행하는 도중에 뇌의 어느 부위가 그 제시방식에 따라 약간씩 다르지만 대개 후두염,두정엽,그리고 측두엽의 경계선을 중심으로 한 비교적 넓은 부위가 중요한 것으로 보인다. 장기기억의 경우,그 한 하위체계인 암묵기억은 하나의 단일한 기억체계가 아니어서 어떤 학습과제가 사용되는가에 다라 관련되는 부위가 많이 달라진다. 반면에 외현기억의 형성(즉,응고화)에는 내측측두엽이 결정적인 역할을 한다는 사실을 잘 알려져 있다. 일화기억과 의미기억의 저장 그리고/또는 인출에는 측두피질과 전두전피질이 중요한 역할을 하는것으로 보인다. 끝으로,장기기억의 저장장소에 관한 최근의 견해가 소개되었다.

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한국 원/달러환율과 금리의 관계분석 (Analysis about relation of Won/Dollar Foreign Exchange Rate and Interest Rate of Korea)

  • 김종권
    • 산업경영시스템학회지
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    • 제21권48호
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    • pp.133-144
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    • 1998
  • International capital movement has made progress at global liberalization of finance and foreign exchange, international monetary norm changing into floating exchange rate system, easiness of collection of information and trade at improvement of information communication technology from early of 1970's. Results of empirical test for relation between foreign exchange rate or various determination factors of foreign exchange rate and interest rate are followed by next sentences. First, according to relation between foreign exchange rate and interest rate, correlation for each of variables after OECD entrance is increased. But, long-term & short-term interest rate is affected by Hanbo & Kia's bankruptcy, continuous large scale corporates bankruptcy and crisis of foreign exchange. Therefore, financial instability is occured. If portfolio investment fund has been inflow as it is mollified by continuous shortage of foreign exchange and fall of country's credit rating, it is expected to have positive effect for long-term & short-term interest rate from appreciation of won against dollar. Second, results from relation between determination factor of foreign exchange rate and interest rate are followed by next sentences. If surplus of current account and goods account is continued, yield of corporate bond is to be stable. But, margin of surplus is expected to diminish after second quarter 98, and difference between external and domestic interest (after adjusting foreign exchange rate) is to be diminished. And if net inflows of foreign investor's fund (stock and bond) is diminished, it is to have negative effect for yield of corporate bond. According to foreign investor's investment movement of previous years, hedge fund were stayed at least during two years in Mexico. It means that sudden capital outflow is not to be happened at Korea. But if external factors from depreciation of yen and China's renminbi are instable, interest rate is expected to increase from capital's outflows. Third, if it is to decrease instability of foreign exchange rate from increase in surplus of future current account, credit rating's upwardness, stability of yen and renminbi, foreign exchange rate is expected to be stable. It is expected to have continuous stability from short-term interest rate to long-term interest rate in this empirical test.

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