• Title/Summary/Keyword: Statistical Forecasting

Search Result 480, Processing Time 0.028 seconds

INBOUND TOURISM IN UZBEKISTAN: DEMAND ANALYSIS AND FORECASTING

  • Kim, Pyongil;Shirin, Maxamediva;Nargiza, Juraeva
    • Asia Pacific Journal of Business Review
    • /
    • v.5 no.1
    • /
    • pp.1-9
    • /
    • 2020
  • Tourism development stimulates job creation and the development of other sectors of the economy. More than 30 sectors of the economy are connected to tourism. It distributes resources between sectors and stimulates of development of such sectors like transport, communications, services, trade, construction, and the production of consumer goods. All these increase the importance of tourism as well as forecasting it by analyzing the demand. This study is a review on inbound tourism of Uzbekistan. The study will examine regression analysis as an effective tool that plays an important role as well as in the field of tourism demand analysis. In this study, firstly the estimating tourism demand is explained, secondly, the regression analysis is examined as an estimating tool of tourism demand. The paper includes a country study dedicated to the Tourism market of Uzbekistan. Nevertheless, the forecast on the inbound tourism of Uzbekistan was developed by using some statistical data.

Error Forecasting Using Linear Regression Model

  • Ler, Lian Guey;Kim, Byung-Sik;Choi, Gye-Woon;Kang, Byung-Hwa;Kwang, Jung-Jae
    • Journal of Wetlands Research
    • /
    • v.13 no.1
    • /
    • pp.13-23
    • /
    • 2011
  • In this study, Mike11 will be used as the numerical model where a data assimilation method will be applied to it. This paper aims to gain an insight and understanding of data assimilation in flood forecasting models. It will start with a general discussion of data assimilation, followed by a description of the methodology and discussion of the statistical error forecast model used, which in this case is the linear regression. This error forecast model is applied to the water level forecast simulated by MIKE11 to produced improved forecast and validated against real measurements. It is found that there exists a phase error in the improved forecasts. Hence, 2 general formula are used to account for this phase error and they have shown improvement to the accuracy of the forecasts, where one improved the immediate forecast of up to 5 hours while the other improved the estimation of the peak discharge.

A Study on Air Demand Forecasting Using Multivariate Time Series Models (다변량 시계열 모형을 이용한 항공 수요 예측 연구)

  • Hur, Nam-Kyun;Jung, Jae-Yoon;Kim, Sahm
    • The Korean Journal of Applied Statistics
    • /
    • v.22 no.5
    • /
    • pp.1007-1017
    • /
    • 2009
  • Forecasting for air demand such as passengers and freight has been one of the main interests for air industries. This research has mainly focus on the comparison the performance between the univariate seasonal ARIMA models and the multivariate time series models. In this paper, we used real data to predict demand on international passenger and freight. And multivariate time series models are better than the univariate models based on the accuracy criteria.

Predicting required licensed spectrum for the future considering big data growth

  • Shayea, Ibraheem;Rahman, Tharek Abd.;Azmi, Marwan Hadri;Han, Chua Tien;Arsad, Arsany
    • ETRI Journal
    • /
    • v.41 no.2
    • /
    • pp.224-234
    • /
    • 2019
  • This paper proposes a new spectrum forecasting (SF) model to estimate the spectrum demands for future mobile broadband (MBB) services. The model requires five main input metrics, that is, the current available spectrum, site number growth, mobile data traffic growth, average network utilization, and spectrum efficiency growth. Using the proposed SF model, the future MBB spectrum demand for Malaysia in 2020 is forecasted based on the input market data of four major mobile telecommunication operators represented by A-D, which account for approximately 95% of the local mobile market share. Statistical data to generate the five input metrics were obtained from prominent agencies, such as the Malaysian Communications and Multimedia Commission, OpenSignal, Analysys Mason, GSMA, and Huawei. Our forecasting results indicate that by 2020, Malaysia would require approximately 307 MHz of additional spectrum to fulfill the enormous increase in mobile broadband data demands.

Time Series Forecasting Based on Modified Ensemble Algorithm (시계열 예측의 변형된 ENSEMBLE ALGORITHM)

  • Kim Yon Hyong;Kim Jae Hoon
    • The Korean Journal of Applied Statistics
    • /
    • v.18 no.1
    • /
    • pp.137-146
    • /
    • 2005
  • Neural network is one of the most notable technique. It usually provides more powerful forecasting models than the traditional time series techniques. Employing the Ensemble technique in forecasting model, one should provide a initial distribution. Usually the uniform distribution is assumed so that the initialization is noninformative. However, it would be expected a sequential informative initialization based on data rather than the uniform initialization gives further reduction in forecasting error. In this note, a modified Ensemble algorithm using sequential initial probability is developed. The sequential distribution is designed to have much weight on the recent data.

Development of Marine Casualty Forecasting System (I): Marine Casualty Numerical D/B Construction (해양사고 예보 시스템 개발(I): 해양사고 수량화 D/B 구축)

  • 임정빈;허용범;김창경
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
    • /
    • 2003.05a
    • /
    • pp.51-59
    • /
    • 2003
  • Marine Casualty Forecasting System (MCFS) is to broadcast the prediction number and risk level of marine casualties as like daily weather forecasting. The MCFS consists of marine casualty numerical D/B, prediction model and, three-dimensional statistics visualization system. The implementation procedure for the numerical D/B is described in the paper. The data relating to a total of 724 ship casualties in the west-southern sea area (latitude 33$^{\circ}$N∼35$^{\circ}$ and longitude 124$^{\circ}$E∼127$^{\circ}$E) of Korean peninsula for 11 years (1999∼2000) have been compiled. The analysis method of numerical D/B is proposed and discussed its usability.

  • PDF

Forecasting obesity prevalence in Korean adults for the years 2020 and 2030 by the analysis of contributing factors

  • Baik, Inkyung
    • Nutrition Research and Practice
    • /
    • v.12 no.3
    • /
    • pp.251-257
    • /
    • 2018
  • BACKGROUND/OBJECTIVES: There are few studies that forecast the future prevalence of obesity based on the predicted prevalence model including contributing factors. The present study aimed to identify factors associated with obesity and construct forecasting models including significant contributing factors to estimate the 2020 and 2030 prevalence of obesity and abdominal obesity. SUBJECTS/METHODS: Panel data from the Korea National Health and Nutrition Examination Survey and national statistics from the Korean Statistical Information Service were used for the analysis. The study subjects were 17,685 male and 24,899 female adults aged 19 years or older. The outcome variables were the prevalence of obesity (body mass index ${\geq}25kg/m^2$) and abdominal obesity (waist circumference ${\geq}90cm$ for men and ${\geq}85cm$ for women). Stepwise logistic regression analysis was used to select significant variables from potential exposures. RESULTS: The survey year, age, marital status, job status, income status, smoking, alcohol consumption, sleep duration, psychological factors, dietary intake, and fertility rate were found to contribute to the prevalence of obesity and abdominal obesity. Based on the forecasting models including these variables, the 2020 and 2030 estimates for obesity prevalence were 47% and 62% for men and 32% and 37% for women, respectively. CONCLUSIONS: The present study suggested an increased prevalence of obesity and abdominal obesity in 2020 and 2030. Lifestyle factors were found to be significantly associated with the increasing trend in obesity prevalence and, therefore, they may require modification to prevent the rising trend.

Functional Forecasting of Seasonality (계절변동의 함수적 예측)

  • Lee, Geung-Hee
    • The Korean Journal of Applied Statistics
    • /
    • v.28 no.5
    • /
    • pp.885-893
    • /
    • 2015
  • It is important to improve the forecasting accuracy of one-year-ahead seasonal factors in order to produce seasonally adjusted series of the following year. In this paper, seasonal factors of 8 monthly Korean economic time series are examined and forecast based on the functional principal component regression. One-year-ahead forecasts of seasonal factors from the functional principal component regression are compared with other forecasting methods based on mean absolute error (MAE) and mean absolute percentage error (MAPE). Forecasting seasonal factors via the functional principal component regression performs better than other comparable methods.

Vacant Technology Forecasting using Ensemble Model (앙상블모형을 이용한 공백기술예측)

  • Jun, Sung-Hae
    • Journal of the Korean Institute of Intelligent Systems
    • /
    • v.21 no.3
    • /
    • pp.341-346
    • /
    • 2011
  • A vacant technology forecasting is an important issue in management of technology. The forecast of vacant technology leads to the growth of nation and company. So, we need the results of technology developments until now to predict the vacant technology. Patent is an objective thing of the results in research and development of technology. We study a predictive method for forecasting the vacant technology quantitatively using patent data in this paper. We propose an ensemble model that is to vote some clustering criteria because we can't guarantee a model is optimal. Therefore, an objective and accurate forecasting model of vacant technology is researched in our paper. This model combines statistical analysis methods with machine learning algorithms. To verify our performance evaluation objectively, we make experiments using patent documents of diverse technology fields.

Solar radiation forecasting by time series models (시계열 모형을 활용한 일사량 예측 연구)

  • Suh, Yu Min;Son, Heung-goo;Kim, Sahm
    • The Korean Journal of Applied Statistics
    • /
    • v.31 no.6
    • /
    • pp.785-799
    • /
    • 2018
  • With the development of renewable energy sector, the importance of solar energy is continuously increasing. Solar radiation forecasting is essential to accurately solar power generation forecasting. In this paper, we used time series models (ARIMA, ARIMAX, seasonal ARIMA, seasonal ARIMAX, ARIMA GARCH, ARIMAX-GARCH, seasonal ARIMA-GARCH, seasonal ARIMAX-GARCH). We compared the performance of the models using mean absolute error and root mean square error. According to the performance of the models without exogenous variables, the Seasonal ARIMA-GARCH model showed better performance model considering the problem of heteroscedasticity. However, when the exogenous variables were considered, the ARIMAX model showed the best forecasting accuracy.