• Title/Summary/Keyword: economic forecasting

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A Study of Short-term Won/Doller Exchange rate Prediction Model using Hidden Markov Model (은닉마아코프모델을 이용한 단기 원/달러 환율예측 모형 연구)

  • Jeon, Jin-Ho;Kim, Min-Soo
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.12 no.5
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    • pp.229-235
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    • 2012
  • Forex trading participants, due to the intensified economic internationalization exchange risk avoidance measures are needed. In this research, Model suitable for estimation of time-series data, such as stock prices and exchange rates, through the concealment of HMM and estimate the short-term exchange rate forecasting model is applied to the prediction of the future. Estimated by applying the optimal model if the real exchange rate data for a certain period of the future will be able to predict the movement aspect of it. Alleged concealment of HMM. For the estimation of the model to accurately estimate the number of states of the model via Bayesian Information Criterion was confirmed as a model predictive aspect of physical exercise aspect and predict the movement of the two curves were similar.

Development of A Direct Demand Estimation Model for Forecasting of Railroad Traffic Demand (철도수요예측을 위한 직접수요모형 개발에 관한 연구)

  • Kim, Hyo-Jong;Jung, Chan-Mook
    • Proceedings of the KSR Conference
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    • 2010.06a
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    • pp.2166-2178
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    • 2010
  • The Korea Transportation Database (KTDB) is used to obtain data on the origin and destination (OD) of inter-city travel, which are currently used in railroad planning when estimating traffic demand. The KTDB employs the trip assignment method, whereby the total traffic volume researched for inter-city travel in Korea is divided into road, rail and air traffic, etc. However, as regards rail travel, the railroad stations are not identical to the existing zones or the connector has not been established because there are several stations in one zone as such, certain problems with the applicable methods have been identified. Therefore, estimates of the volume of railroad traffic using the KTDB display low reliability compared to other modes of transportation. In this study, these problems are reviewed and analyzed, and use of the aggregate model method to estimate the direct demand for rail travel is proposed in order to improve the reliability of estimation. In addition, a method of minimizing error in traffic demand estimation for the railroad field is proposed via an analysis of the relationship between the aggregate model and various social-economic indicators including population, distances, numbers of industrial employees, numbers of automobiles, and the extension of roads between cities.

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The Trend and forecast of world Aircraft industry (세계 항공기산업 동향과 전망)

  • Chang, Tae-Jin
    • Current Industrial and Technological Trends in Aerospace
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    • v.6 no.1
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    • pp.14-24
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    • 2008
  • After 2001, the world aircraft industry grows consistently with world's economic recovery. The environmental changes after 9.11, including the market decent and revival, rise in oil price, and the environmental problems, make the aircraft industry change gradually. The increasing demand of point-to-point flight needs over 200 seat class large jets and changes the main model of regional jet over 100 seat class. And the needs of various flight schedule raises the demand of business jet and VLJ. The competition between airliners including the main streams, the regionals and the low prices goes harder and it needs more efficient airplanes which reduce the cost. In the military side, still the development of 5th generation fighter is proceeding and it diffuses to the more countries. Before its popularization, the 4th generation fighter is chosen for good alternatives of it. And there are some changes in the military demand after the war against terrorism. The army needs more unmanned reconnaissance and they want new aircraft which gives more accessibility.

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A Study of Exchange rate Prediction Model using Model-based (모델기반 방법론을 이용한 환율예측 모형 연구)

  • Jeon, Jin-Ho;Moon, Seok-Hwan;Lee, Chae-Rin
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2012.10a
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    • pp.547-549
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    • 2012
  • Forex trading participants, due to the intensified economic internationalization exchange risk avoidance measures are needed. In this research, Model suitable for estimation of time-series data, such as stock prices and exchange rates, through the concealment of HMM and estimate the short-term exchange rate forecasting model is applied to the prediction of the future. Estimated by applying the optimal model if the real exchange rate data for a certain period of the future will be able to predict the movement aspect of it. Alleged concealment of HMM. For the estimation of the model to accurately estimate the number of states of the model via Bayesian Information Criterion was confirmed as a model predictive aspect of physical exercise aspect and predict the movement of the two curves were similar.

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Cash flow Forecasting in International Construction Projects through Categorized Risk Analysis (특성별 리스크 분석을 통한 해외건설공사 현금흐름 예측에 관한 연구)

  • Yeom, Sang-Min;Han, Seung-Heon;Kim, Du-Yeon;Nam, Ha-Na;Park, Hee-Dae
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.295-300
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    • 2006
  • In this research, risk factors which can raise project cost are identified in the initial stage and picked out through the decision maker's baseline. And also this probable risks are implemented to the project cash flow to estimate the contingency and to build a risk management system in the level of project. The risks that affect the projects profits were classified in two categories in the risk checklist. Firstly, financial risks derived from the external economic conditions for example exchange rate, escalation, interest rates etc. are analyzed through the stochastic methods, Monte-Carlo Simulation. Secondly, the project individual risks which are come from the project characteristics, for example country risk, clime, owner etc., are evaluated using the utility curve of the decision maker. Finally these risk analysis methods are used to forecast the actual project cash flow and final profit.

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Numerical Investigation on Oil Spill from Damaged Riser (손상된 라이저로부터 유출된 기름 확산에 대한 수치해석)

  • Kim, Hyo Ju;Lee, Sang Chul;Park, Sunho
    • Journal of the Korean Society for Marine Environment & Energy
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    • v.19 no.2
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    • pp.99-110
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    • 2016
  • When a riser is damaged, the oil spills to sea. Oil spills cause huge economic losses as well as a destruction of the marine environment. To reduce losses, it is needed to predict spilled oil volume from risers and the excursion of the oil. The present paper simulated the oil spill for a damaged riser using open source libraries, called Open-FOAM. To verify numerical methods, jet flow and Rayleigh-Taylor instability were simulated. The oil spill was simulated for various damaged leak size, spilled oil volume rates, damaged vertical locations of a riser, and current speeds. From results, the maximum excursion of the spilled oil at the certain time was predicted, and a forecasting model for various parameters was suggested.

Determination of Weighted Mean Temperature for the GPS Precipitable Water Vapor Estimation (GPS PWV 추정을 위한 가중 평균 온도식 결정)

  • Song Dong Seob;Yun Hong Sic
    • Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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    • v.22 no.4
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    • pp.323-329
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    • 2004
  • Water vapor is an important parameter in monitoring changes in the Earth's climate and it can be used to improve weather forecasting. However, it haven't observed accurately by reasons of structural and economic problem of observation. GPS meteorology technique for precipitable water vapor measurement is currently actively being researched an advanced nation. Main issue of GPS meteorology is an accuracy of PWV measurement related weighted mean temperature and meteorological data. In this study, the korean weighted mean temperature had been recalculated by a linear regression method based on meteorological observations from 6 radiosonde stations for 2003 year. We examined the accuracy of PWV estimates from GPS observations and Radiosonde observations by new korean weighted mean temperature and others.

KTX Passenger Demand Forecast with Intervention ARIMA Model (개입 ARIMA 모형을 이용한 KTX 수요예측)

  • Kim, Kwan-Hyung;Kim, Han-Soo
    • Journal of the Korean Society for Railway
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    • v.14 no.5
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    • pp.470-476
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    • 2011
  • This study proposed the intervention ARIMA model as a way to forecast the KTX passenger demand. The second phase of the Gyeongbu high-speed rail project and the financial crisis in 2008 were analyzed in order to determine the effect of time series on the opening of a new line and economic impact. As a result, the financial crisis showed that there is no statistically significant impact, but the second phase of the Gyeongbu high-speed rail project showed that the weekday trips increased about 17,000 trips/day and the weekend trips increased about 26,000 trips/day. This study is meaningful in that the intervention explained the phenomena affecting the time series of KTX trip and analyzed the impact on intervention of time series quantitatively. The developed model can be used to forecast the outline of the overall KTX demand and to validate the KTX O/D forecasting demand.

A Study on the Promising Future Biotechnology (바이오 미래유망 연구분야 도출에 관한 연구)

  • Kam, Ju-Sik;Kim, Moo-Woong;Par, Sang-Dai;Hyun, Byung-Hwan
    • Journal of Korea Technology Innovation Society
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    • v.15 no.2
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    • pp.345-368
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    • 2012
  • As science and technology are the core engines of economic and social affairs, it is becoming increasingly necessary to explore new promising technologies in order to secure competitiveness in science and technology with a view to helping upgrade the country's overall competitiveness and promoting industrial development. The governments of major advanced countries provide R&D support for promising future technologies. Even in South Korea, a study is being carried out to set up a model for forecasting future technologies and reinforcing the relevant survey system. This study intends to explore methods of identifying promising future technologies in the bio-science sector, which has emerged as a new growth engine. It will use a text-mining technique to collect and analyze theses in the bio science sector. It will identify key research sectors by analyzing thesis contour lines, and then review promising future key research subjects through in-depth study.

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자기폭풍예보모델을 이용한 우주환경예보

  • 안병호
    • Information and Communications Magazine
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    • v.15 no.9
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    • pp.97-106
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    • 1998
  • It is crucial to predict the variabilities of the near-earth space environment associated with the solar activity, which cause enormous socio-economic impacts on mankind. The geomagnetic storm prediction scheme adopted in this study is designed to predict such variabilities in terms of the geomagnetic indices, AE and Dst, the cross-polar cap potential difference, the energy dissipation rate over the polar ionosphere and associated temperature increase in the thermosphere. The prediction code consists of two parts; prediction of the solar wind and interplanetary magnetic field based upon actual flare observations and estimation of various electrodynamic quantities mentioned above from the solar wind-magnetosphere coupling function 'epsilon' which is derivable through the predicted solar wind parameters. As a test run, the magnetic storm that occurred in early November, 1993, is simulated and the results are compared with the solar wind and the interplanetary magnetic field measured by the Japanese satellite, Geotail, and the geomagnetic indices obtained from ground magnetic observatories. Although numerous aspects of the code are to be further improved, the comparison between the simulated results and the actual measurements encourages us to use this prediction scheme as the first appoximation in forecasting the disturbances of the near-earth space environment associated with solar flares.

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