• Title/Summary/Keyword: forecasting technique

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A Prediction of Stock Price Through the Big-data Analysis (인터넷 뉴스 빅데이터를 활용한 기업 주가지수 예측)

  • Yu, Ji Don;Lee, Ik Sun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.41 no.3
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    • pp.154-161
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    • 2018
  • This study conducted to predict the stock market prices based on the assumption that internet news articles might have an impact and effect on the rise and fall of stock market prices. The internet news articles were tested to evaluate the accuracy by comparing predicted values of the actual stock index and the forecasting models of the companies. This paper collected stock news from the internet, and analyzed and identified the relationship with the stock price index. Since the internet news contents consist mainly of unstructured texts, this study used text mining technique and multiple regression analysis technique to analyze news articles. A company H as a representative automobile manufacturing company was selected, and prediction models for the stock price index of company H was presented. Thus two prediction models for forecasting the upturn and decline of H stock index is derived and presented. Among the two prediction models, the error value of the prediction model (1) is low, and so the prediction performance of the model (1) is relatively better than that of the prediction model (2). As the further research, if the contents of this study are supplemented by real artificial intelligent investment decision system and applied to real investment, more practical research results will be able to be developed.

Short-term Load Forecasting of Buildings based on Artificial Neural Network and Clustering Technique

  • Ngo, Minh-Duc;Yun, Sang-Yun;Choi, Joon-Ho;Ahn, Seon-Ju
    • Journal of IKEEE
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    • v.22 no.3
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    • pp.672-679
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    • 2018
  • Recently, microgrid (MG) has been proposed as one of the most critical solutions for various energy problems. For the optimal and economic operation of MGs, it is very important to forecast the load profile. However, it is not easy to predict the load accurately since the load in a MG is small and highly variable. In this paper, we propose an artificial neural network (ANN) based method to predict the energy use in campus buildings in short-term time series from one hour up to one week. The proposed method analyzes and extracts the features from the historical data of load and temperature to generate the prediction of future energy consumption in the building based on sparsified K-means. To evaluate the performance of the proposed approach, historical load data in hourly resolution collected from the campus buildings were used. The experimental results show that the proposed approach outperforms the conventional forecasting methods.

Monitoring and Forecasting the Eyjafjallajökull Volcanic Ash using Combination of Satellite and Trajectory Analysis (인공위성 관측자료와 궤적분석을 이용한 Eyjafjallajökull 화산재 감시와 예측)

  • Lee, Kwon Ho
    • Journal of Korean Society for Atmospheric Environment
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    • v.30 no.2
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    • pp.139-149
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    • 2014
  • A new technique, namely the combination of satellite and trajectory analysis (CSTA), for exploring the spatio-temporal distribution information of volcanic ash plume (VAP) from volcanic eruption. CSTA uses the satellite derived ash property data and a matching forward-trajectories, which can generate airmass history pattern for specific VAP. In detail, VAP properties such as ash mask, aerosol optical thickness at 11 ${\mu}m$ ($AOT_{11}$), ash layer height, and effective radius from the Moderate Resolution Imaging Spectro-radiometer (MODIS) satellite were retrieved, and used to estimate the possibility of the ash forecasting in local atmosphere near volcano. The use of CSTA for Iceland's Eyjafjallaj$\ddot{o}$kull volcano erupted in May 2010 reveals remarkable spatial coherence for some VAP source-transport pattern. The CSTA forecasted points of VAP are consistent with the area of MODIS retrieved VAP. The success rate of the 24 hour VAP forecast result was about 77.8% in this study. Finally, the use of CSTA could provide promising results for VAP monitoring and forecasting by satellite observation data and verification with long term measurement dataset.

Simulation Based Method for Mid-and-Long Term Technological Forecasting (중장기 기술예측을 위한 시뮬레이션 기반 방법론)

  • Yu, Sung-Yeol
    • The Journal of the Korea Contents Association
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    • v.10 no.1
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    • pp.372-380
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    • 2010
  • In this study, we consider a mid-and-long term technological forecasting method based on simulation technique. We, first, gather information about a point of appearance time of new technologies which will be developed in the future and influence relationship among those technologies by Delphi survey. And then we propose a simulation-based heuristic approach searching for the key technology among new technologies which will be developed to attain a normative objective using the Delphi data. We also provide the range of occurrence time for individual technology and define key technologies in this study in contrast that a expert's estimate to occurrence time is only one point in traditional Delphi survey. The information for key technologies which are detected by this procedure gives priorities of R&D planning and aids the R&D planner or project manager in resource allocation.

Rainfall Adjust and Forecasting in Seoul Using a Artificial Neural Network Technique Including a Correlation Coefficient (인공신경망기법에 상관계수를 고려한 서울 강우관측 지점 간의 강우보완 및 예측)

  • Ahn, Jeong-Whan;Jung, Hee-Sun;Park, In-Chan;Cho, Won-Cheol
    • 한국방재학회:학술대회논문집
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    • 2008.02a
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    • pp.101-104
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    • 2008
  • In this study, rainfall adjust and forecasting using artificial neural network(ANN) which includes a correlation coefficient is application in Seoul region. It analyzed one-hour rainfall data which has been reported in 25 region in seoul during from 2000 to 2006 at rainfall observatory by AWS. The ANN learning algorithm apply for input data that each region using cross-correlation will use the highest correlation coefficient region. In addition, rainfall adjust analyzed the minimum error based on correlation coefficient and determination coefficient related to the input region. ANN model used back-propagation algorithm for learning algorithm. In case of the back-propagation algorithm, many attempts and efforts are required to find the optimum neural network structure as applied model. This is calculated similar to the observed rainfall that the correlation coefficient was 0.98 in missing rainfall adjust at 10 region. As a result, ANN model has been for suitable for rainfall adjust. It is considered that the result will be more accurate when it includes climate data affecting rainfall.

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Appreciation of the Meteorological Knowledge from "Jeung-Bo-San-Lim-Gyeong-Je" (증보산림경제의 기상학적 지식에 대한 평가)

  • Ryoo, Sang-Boom;Lee, Byong-Lyol
    • Korean Journal of Agricultural and Forest Meteorology
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    • v.10 no.3
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    • pp.107-112
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    • 2008
  • "Jeung-Bo-San-Lim-Gyeong-Je" (meaning "Revised Forest Management") has been well recognized as the informative document that introduces scientific knowledge and experiences of Korean ancestors regarding weather and climate. The tradition of Gwan-Cheon-Mang-Gi(i.e., empirical forecasting of short-term weather phenomena based on the status of cloud or sky) has been continuously utilized as a civilian weather forecasting method and even for very short-term weather prediction by operational forecasters these days. This agricultural technology textbook, published during the Great King Youngjo in Chosun-Dynasty, may be regarded as a poorly written document from the modern standpoint. Nonetheless, this study demonstrates that by and large the empirical knowledge contained in the book is indeed science based although their applications are limited to several hours for local forecasts in agricultural practices and daily living. For example, the wisdom of keeping water at an optimum level in a paddy field after sowing to prevent young seedlings from late frost damages was not at all different from the present technique of vinyl covered seedling nursery.

Artificial Neural Networks for Flood Forecasting Using Partial Mutual Information-Based Input Selection

  • Jae Gyeong Lee;Li Li;Kyung Soo Jun
    • Proceedings of the Korea Water Resources Association Conference
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    • 2023.05a
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    • pp.363-363
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    • 2023
  • Artificial Neural Networks (ANN) is a powerful tool for addressing various practical problems and it has been extensively applied in areas of water resources. In this study, Artificial Neural Networks (ANNs) were developed for flood forecasting at specific locations on the Han River. The Partial Mutual Information (PMI) technique was used to select input variables for ANNs that are neither over-specified nor under-specified while adequately describing the underlying input-output relationships. Historical observations including discharges at the Paldang Dam, flows from tributaries, water levels at the Paldang Bridge, Banpo Bridge, Hangang Bridge, and Junryu gauge station, and time derivatives of the observed water levels were considered as input candidates. Lagged variables from current time t to the previous five hours were assumed to be sufficient in this study. A three-layer neural network with one hidden layer was used and the neural network was optimized by selecting the optimal number of hidden neurons given the selected inputs. Given an ANN architecture, the weights and biases of the network were determined in the model training. The use of PMI-based input variable selection and optimized ANNs for different sites were proven to successfully predict water levels during flood periods.

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CASH FLOW FORECASTING IN CONSTRUCTION PROJECT (건설공사에서의 현금흐름 예측)

  • Park Hyung-Keun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.35-41
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    • 2002
  • This research introduces the development of a project-level cash flow forecasting model in construction stage based on the planned earned value and the cost from a general contractors view on a jobsite. Most previous models have been developed to assist contractors in their pre-tendering or planning stage cash flow forecasts. The critical key to cash flow forecasting at the project level is how to build a cash-out model. The basic concept is to use moving weights of cost categories in a budget over project duration. The cost categories are classified to compile resources with almost the same time lags that are based on contracting payment conditions and credit times given by suppliers or venders. For cash-in, net planned monthly-earned values are simply transferred to the cash-in forecast, to be applied there with billing time and retention money. Validation of the model involves applying data from on-going 4 projects in progress for 12 months. Based on the results of the comparative analyses through the simulation of the proposed model and the existing models, the proposed model is more accurate, flexible and simpler than traditional models to the employee of construction jobsite who is not oriented financial knowledge.

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The Peak Load Forecast of Pole-Transformers by Working Electrical Energy (사용전력량에 의한 주방변압기의 최대 부하 예측)

  • Lee, Dong-Jun;Han, Sung-Ho;Lee, Wook;Kwak, Hee-Ro;Kim, Jae-Chul
    • Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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    • 1996.11a
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    • pp.101-103
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    • 1996
  • This Paper describes Peak load forecasting technique of pole transformers with correlation equation. While customers are demanding safe energy supply, current correlation equation that is used for load management of pole transformers has some problems. To get accurate correlation equation. several correlation equation were examined using past data and nu data collected using the measuring instrument developed for this study. It was recognized that the quadratic equation was the most accurate for peak load forecasting from working electrical energy.

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Optimal Electric Energy Subscription Policy for Multiple Plants with Uncertain Demand

  • Nilrangsee, Puvarin;Bohez, Erik L.J.
    • Industrial Engineering and Management Systems
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    • v.6 no.2
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    • pp.106-118
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    • 2007
  • This paper present a new optimization model to generate aggregate production planning by considering electric cost. The new Time Of Switching (TOS) electric type is introduced by switching over Time Of Day (TOD) and Time Of Use (TOU) electric types to minimize the electric cost. The fuzzy demand and Dynamic inventory tracking with multiple plant capacity are modeled to cover the uncertain demand of customer. The constraint for minimum hour limitation of plant running per one start up event is introduced to minimize plants idle time. Furthermore; the Optimal Weight Moving Average Factor for customer demand forecasting is introduced by monthly factors to reduce forecasting error. Application is illustrated for multiple cement mill plants. The mathematical model was formulated in spreadsheet format. Then the spreadsheet-solver technique was used as a tool to solve the model. A simulation running on part of the system in a test for six months shows the optimal solution could save 60% of the actual cost.