• Title/Summary/Keyword: Value of Forecast

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Economic Repercussion Effects of the Domestic Satellite Industry (국내 위성산업의 경제적 파급효과)

  • Yeo Jae-Hyun;Kim Soo-Hyun
    • Journal of Information Technology Applications and Management
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    • v.13 no.1
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    • pp.67-75
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    • 2006
  • In this paper, we investigate the economic repercussion effects of the domestic satellite industry. The market size of the satellite industry between 2005 and 2009 is forecasted based on the world market forecast. By using the Input-Output analysis technique, three kinds of repercussion effects (domestic production, value added, workers induced by the satellite industry) between 2005 and 2009 are calculated.

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A Multiple Variable Regression-based Approaches to Long-term Electricity Demand Forecasting

  • Ngoc, Lan Dong Thi;Van, Khai Phan;Trang, Ngo-Thi-Thu;Choi, Gyoo Seok;Nguyen, Ha-Nam
    • International journal of advanced smart convergence
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    • v.10 no.4
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    • pp.59-65
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    • 2021
  • Electricity contributes to the development of the economy. Therefore, forecasting electricity demand plays an important role in the development of the electricity industry in particular and the economy in general. This study aims to provide a precise model for long-term electricity demand forecast in the residential sector by using three independent variables include: Population, Electricity price, Average annual income per capita; and the dependent variable is yearly electricity consumption. Based on the support of Multiple variable regression, the proposed method established a model with variables that relate to the forecast by ignoring variables that do not affect lead to forecasting errors. The proposed forecasting model was validated using historical data from Vietnam in the period 2013 and 2020. To illustrate the application of the proposed methodology, we presents a five-year demand forecast for the residential sector in Vietnam. When demand forecasts are performed using the predicted variables, the R square value measures model fit is up to 99.6% and overall accuracy (MAPE) of around 0.92% is obtained over the period 2018-2020. The proposed model indicates the population's impact on total national electricity demand.

Customer Churn Identifying Model Based on Dual Customer Value Gap

  • Hou, Lun;Tang, Xiaowo
    • Management Science and Financial Engineering
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    • v.16 no.2
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    • pp.17-27
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    • 2010
  • The customer churn and the forecast of customer churn have been important research topics for a long time in the academic domain of customer relationship management. The customer value is studied to construct a gap model based on dual customer values; a basic description of customer value is given, then the gaps between products and services in different periods for the customers and companies are analyzed. The main factors that influence the perceived customer value are analyzed to define the "recognized value gap" and a gap model for the dual customer value is constructed. Based on the dual customer gap a con-ceptual model to determine potential churn customers is proposed in the paper.

Prediction Skill of Intraseasonal Monthly Temperature and Precipitation Variations for APCC Multi-Models (APCC 다중 모형 자료 기반 계절 내 월 기온 및 강수 변동 예측성)

  • Song, Chan-Yeong;Ahn, Joong-Bae
    • Atmosphere
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    • v.30 no.4
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    • pp.405-420
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    • 2020
  • In this study, we investigate the predictability of intraseasonal monthly temperature and precipitation variations using hindcast datasets from eight global circulation models participating in the operational multi-model ensemble (MME) seasonal prediction system of the Asia-Pacific Economic Cooperation Climate Center for the 1983~2010 period. These intraseasonal monthly variations are defined by categorical deterministic analysis. The monthly temperature and precipitation are categorized into above normal (AN), near normal (NN), and below normal (BN) based on the σ-value ± 0.43 after standardization. The nine patterns of intraseasonal monthly variation are defined by considering the changing pattern of the monthly categories for the three consecutive months. A deterministic and a probabilistic analysis are used to define intraseasonal monthly variation for the multi-model consisting of numerous ensemble members. The results show that a pattern (pattern 7), which has the same monthly categories in three consecutive months, is the most frequently occurring pattern in observation regardless of the seasons and variables. Meanwhile, the patterns (e.g., patterns 8 and 9) that have consistently increasing or decreasing trends in three consecutive months, such as BN-NN-AN or AN-NN-BN, occur rarely in observation. The MME and eight individual models generally capture pattern 7 well but rarely capture patterns 8 and 9.

Accuracy Improvement in Demand Forecast of District Heating by Accounting for Heat Sales Information (열판매 정보를 고려한 지역난방 수요 예측의 정확도 향상)

  • Shin, Yong-Gyun;Yoo, Hoseon
    • Plant Journal
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    • v.15 no.1
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    • pp.31-37
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    • 2019
  • In this study, to improve the accuracy of forecast of heat demand in the district heating system, this study applied heat demand performance among the main factors of district heating demand forecast in Pankyo area as the heat sales information of the user facility instead of existing heat source facility heat supply information, and compared the existing method with the accuracy based on the actual value. As a result of comparing the difference of the forecasts values of the existing and changed methods based on the performance values over the one week (2018.01.08 ~ 01.14) during the hot water peak, the relative error decreased from 7% to 3% The relative error between the existing and revised forecasts was 9% and 4%, respectively, for the five-month cumulative heat demand from February to February 2018, Also, in case of the weekend where the demand of heat is differentiated, the relative error of the forecasts value is consistently reduced from 10% to 5%.

Effects of the Adjusted Beta Estimation Method on the Valuation of the Impairment Loss on Assets (조정베타 추정방식이 자산 손상차손 가치평가에 미치는 영향)

  • Chang, Uk;Kim, Yie-Bae
    • Asia-Pacific Journal of Business
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    • v.10 no.4
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    • pp.65-75
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    • 2019
  • We point out the limitations of Bloomberg Adjustment beta, shows that long-term beta does not converge with 1 and suggests an alternative to using proxy beta as beta's long-term forecast. We analyze whether the beta produced in the manner proposed by Bloomberg beta or proxy beta meets the purpose of calculating capital costs, for example, for the evaluation of corporate value. In particular, We apply in impairment valuations of assets and some analysis of how it affects. The proposal of the article applied in cases of analysis results are as follows : First, unlike the Bloomberg approach, long-term beta does not converge with market beta and therefore is not suitable as market forecast by beta. Second, estimating the suggested proxy beta as beta's predictive value resulted in Bloomberg beta and other adjustment Beta in the case categories, and the gap was large. Third, applying proxy beta results in a more appropriate valuation of the impairment loss on assets.

Statistical Modeling for Forecasting Maximum Electricity Demand in Korea (한국 최대 전력량 예측을 위한 통계모형)

  • Yoon, Sang-Hoo;Lee, Young-Saeng;Park, Jeong-Soo
    • Communications for Statistical Applications and Methods
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    • v.16 no.1
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    • pp.127-135
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    • 2009
  • It is necessary to forecast the amount of the maximum electricity demand for stabilizing the flow of electricity. The time series data was collected from the Korea Energy Research between January 2000 and December 2006. The data showed that they had a strong linear trend and seasonal change. Winters seasonal model, ARMA model were used to examine it. Root mean squared prediction error and mean absolute percentage prediction error were a criteria to select the best model. In addition, a nonstationary generalized extreme value distribution with explanatory variables was fitted to forecast the maximum electricity.

Design of short-term forecasting model of distributed generation power for wind power (풍력 발전을 위한 분산형 전원전력의 단기예측 모델 설계)

  • Song, Jae-Ju;Jeong, Yoon-Su;Lee, Sang-Ho
    • Journal of Digital Convergence
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    • v.12 no.3
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    • pp.211-218
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    • 2014
  • Recently, wind energy is expanding to combination of computing to forecast of wind power generation as well as intelligent of wind powerturbine. Wind power is rise and fall depending on weather conditions and difficult to predict the output for efficient power production. Wind power is need to reliably linked technology in order to efficient power generation. In this paper, distributed power generation forecasts to enhance the predicted and actual power generation in order to minimize the difference between the power of distributed power short-term prediction model is designed. The proposed model for prediction of short-term combining the physical models and statistical models were produced in a physical model of the predicted value predicted by the lattice points within the branch prediction to extract the value of a physical model by applying the estimated value of a statistical model for estimating power generation final gas phase produces a predicted value. Also, the proposed model in real-time National Weather Service forecast for medium-term and real-time observations used as input data to perform the short-term prediction models.

Development of Power Demand Forecasting Algorithm Using GMDH (GMDH를 이용한 전력 수요 예측 알고리즘 개발)

  • Lee, Dong-Chul;Hong, Yeon-Chan
    • Journal of the Korean Institute of Intelligent Systems
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    • v.13 no.3
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    • pp.360-365
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    • 2003
  • In this paper, GMDH(Croup Method of Data Handling) algorithm which is proved to be more excellent in efficiency and accuracy of practical use of data is applied to electric power demand forecasting. As a result, it became much easier to make a choice of input data and make an exact prediction based on a lot of data. Also, we considered both economy factors(GDP, export, import, number of employee, number of economically active population and consumption of oil) and climate factors(average temperature) when forecasting. We assumed target forecast period from first quarter 1999 to first quarter 2001, and suggested more accurate forecasting method of electric power demand by using 3-step computer simulation processes(first process for selecting optimum input period, second for analyzing time relation of input data and forecast value, and third for optimizing input data) for improvement of forecast precision. The proposed method can get 0.96 percent of mean error rate at target forecast period.

Group key management protocol adopt to cloud computing environment (클라우드 컴퓨팅 환경에 적합한 그룹 키 관리 프로토콜)

  • Kim, Yong-Tae;Park, Gil-Cheol
    • Journal of Digital Convergence
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    • v.12 no.3
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    • pp.237-242
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    • 2014
  • Recently, wind energy is expanding to combination of computing to forecast of wind power generation as well as intelligent of wind powerturbine. Wind power is rise and fall depending on weather conditions and difficult to predict the output for efficient power production. Wind power is need to reliably linked technology in order to efficient power generation. In this paper, distributed power generation forecasts to enhance the predicted and actual power generation in order to minimize the difference between the power of distributed power short-term prediction model is designed. The proposed model for prediction of short-term combining the physical models and statistical models were produced in a physical model of the predicted value predicted by the lattice points within the branch prediction to extract the value of a physical model by applying the estimated value of a statistical model for estimating power generation final gas phase produces a predicted value. Also, the proposed model in real-time National Weather Service forecast for medium-term and real-time observations used as input data to perform the short-term prediction models.