• The Journal of Asian Finance, Economics and Business
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• v.9 no.3
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• pp.181-193
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• 2022

This paper seeks to investigate major macroeconomic factors and bond yield interactions in Thai bond markets, with the goal of forecasting future bond yields. This study examines the best predictive yields for future bond yields at different maturities of 1-, 3-, 5-, 7-, and 10-years using time series data of economic indicators covering the period from 1998 to 2020. The empirical findings support the hypothesis that macroeconomic factors influence bond yield fluctuations. In terms of forecasting future bond yields, static predictions reveal that in most cases, the BVAR model offers the best predictivity of bond rates at various maturities. Furthermore, the BVAR model has the best performance in dynamic rolling-window, forecasting bond yields with various maturities for 2-, 4-, and 8-quarters. The findings of this study imply that the BVAR model forecasts future yields more accurately and consistently than other competitive models. Our research could help policymakers and investors predict bond yield changes, which could be important in macroeconomic policy development.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2015.10a
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• pp.619-622
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• 2015

Recently, there are growing fluctuations of productivity and price caused by severe weather conditions in the agriculture. Yield forecasting methods have been studied to solve the problems. This paper predicted yield per area, production area, and elements of weather based on the linear equation. A yield is calculated by multiplying the production area times the yield per area that is compensated using the weighted sum of the elements of weather. In experiments, proposed method shows that a forecasting precision is the more than 90%.

• Journal of Climate Change Research
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• v.7 no.2
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• pp.193-203
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• 2016

The importance of forecasting agricultural production is receiving attention while climate change is accelerating. This study suggested three types of crop yield forecasting model for major vegetable crops by using downscaled meteorological information of main production area on farmland level, which identified as limitation from previous studies. First, this study conducted correlation analysis with seven types of farm level downscaled meteorological informations and reported crop yield of main production area. After, we selected three types of meteorological factors which showed the highest relation with each crop species and regions. Parameters were deducted from meterological factor with high correlation but crop species number was neglected. After, crop yield of each crops was estimated by using the three suggested types of models. Chinese cabbage showed high accuracy in overall, while the accuracy of daikon and onion was quiet revised by neglecting the outlier. Chili and garlic showed differences by region, but Kyungbuk chili and Chungnam, Kyungsang garlic appeared significant accuracy. We also selected key meteorological factor of each crops which has the highest relation with crop yield. If the factor had significant relation with the quantity, it explains better about the variations of key meteorological factor. This study will contribute to establishing the methodology of future studies by estimating the crop yield of different species by using farmland meterological information and relatively simplify multiple linear regression models.

• Asian-Australasian Journal of Animal Sciences
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• v.25 no.4
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• pp.462-470
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• 2012

The availability and efficient use of the feed resources in India are the primary drivers to maximize productivity of Indian livestock. Feed security is vital to the livestock management, extent of use, conservation and productivity enhancement. Assessment and forecasting of livestock feed resources are most important for effective planning and policy making. In the present study, 40 years of data on crop production, land use pattern, rainfall, its deviation from normal, area under crop and yield of crop were collected and modeled to forecast the likely production of feed resources for the next 20 years. The higher order auto-regressive (AR) models were used to develop efficient forecasting models. Use of climatic variables (actual rainfall and its deviation from normal) in combination with non-climatic factors like area under each crop, yield of crop, lag period etc., increased the efficiency of forecasting models. From the best fitting models, the current total dry matter (DM) availability in India was estimated to be 510.6 million tonnes (mt) comprising of 47.2 mt from concentrates, 319.6 mt from crop residues and 143.8 mt from greens. The availability of DM from dry fodder, green fodder and concentrates is forecasted at 409.4, 135.6 and 61.2 mt, respectively, for 2030.

• Korean Journal of Agricultural and Forest Meteorology
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• v.3 no.1
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• pp.37-43
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• 2001

Crop status monitoring and yield prediction at higher spatial resolution is a valuable tool in various decision making processes including agricultural policy making by the national and local governments. A prototype crop forecasting system was developed to project the size of rice crop across geographic areas nationwide, based on daily weather pattern. The system consists of crop models and the input data for 1,455 cultivation zone units (the smallest administrative unit of local government in South Korea called "Myun") making up the coterminous South Korea. CERES-rice, a rice crop growth simulation model, was tuned to have genetic characteristics pertinent to domestic cultivars. Daily maximum/minimum temperature, solar radiation, and precipitation surface on 1km by 1km grid spacing were prepared by a spatial interpolation of 63 point observations from the Korea Meteorological Administration network. Spatial mean weather data were derived for each Myun and transformed to the model input format. Soil characteristics and management information at each Myun were available from the Rural Development Administration. The system was applied to the forecasting of national rice production for the recent 3 years (1997 to 1999). The model was run with the past weather data as of September 15 each year, which is about a month earlier than the actual harvest date. Simulated yields of 1,455 Myuns were grouped into 162 counties by acreage-weighted summation to enable the validation, since the official production statistics from the Ministry of Agriculture and Forestry is on the county basis. Forecast yields were less sensitive to the changes in annual climate than the reported yields and there was a relatively weak correlation between the forecast and the reported yields. However, the projected size of rice crop at each county, which was obtained by multiplication of the mean yield with the acreage, was close to the reported production with the $r^2$ values higher than 0.97 in all three years.

• Journal of The Korean Society of Agricultural Engineers
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• v.59 no.3
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• pp.97-110
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• 2017

This study investigates the efficiencies of machine learning models, including artificial neural network (ANN), generalized regression neural network (GRNN), adaptive neuro-fuzzy inference system (ANFIS) and random forest (RF), for reservoir water level forecasting in the Chungju Dam, South Korea. The models' efficiencies are assessed based on model efficiency indices and graphical comparison. The forecasting results of the models are dependent on lead times and the combination of input variables. For lead time t = 1 day, ANFIS1 and ANN6 models yield superior forecasting results to RF6 and GRNN6 models. For lead time t = 5 days, ANN1 and RF6 models produce better forecasting results than ANFIS1 and GRNN3 models. For lead time t = 10 days, ANN3 and RF1 models perform better than ANFIS3 and GRNN3 models. It is found that ANN model yields the best performance for all lead times, in terms of model efficiency and graphical comparison. These results indicate that the optimal combination of input variables and forecasting models depending on lead times should be applied in reservoir water level forecasting, instead of the single combination of input variables and forecasting models for all lead times.

• Korean Journal of Remote Sensing
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• v.1 no.1
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• pp.63-87
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• 1985

Considerable experience has been reported on the use of spectral data to measure the canopy biomass of dryland grain crops and the use of these estimates to forecast subsequent grain yield. These basic procedures were retested to assess the use of the general process to forecasting grain yield for paddy rice. The use of the ratio of a multiband radiometer simulation of Thematic Mapper band 4(.76 to .90 .mu.m) divided by band 3 (.63 to .69 .mu.m) was tested to estimate the canopy biomass of paddy rice as a function of the stage of development of the rice. The correlation was found to be greatest (R = .94) at panicle differentiation about midway through the development cycle of the rice canopy. The use of this ratio of two spectral bands as a surrogate for canopy biomass was then tested for its correlation against final grain yield. These spectral estimates of canopy biomass produced the highest correlations with final grain yield (R = .87) when measured at the canopy development stages of panicle differentiation and heading. The impact of varying the amounts of supplemental nitrogen on the use of spectral measuremants of canopy biomass to estimate grain yield was also determined. The effect of the development of a significant amount of weed biomass in the rice canopy was also clearly detected.

• Economic Analysis
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• v.26 no.3
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• pp.1-47
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• 2020

This paper surveys research since the 1990s on the ability of the yield spread and its components (i.e., expectation spread and term premium components) for future economic activity, and also conducts an empirical analysis of their forecasting ability using the yield data of Korean government bonds. This paper's survey, particularly for the US, shows that the yield spread has significant predictive power for some macroeconomic variables, but since the mid-1980s, its predictive power seems to have declined, possibly due to stronger inflation targeting. Next, this paper's empirical analysis using Korean data indicates that the yield spread, and the term premium component in particular, has significant predictive power for industrial production (IP) growth, consumer price index growth, and the IP gap. An out-of-sample analysis shows that the prediction equations are unstable over time, and that in predicting IP growth, the yield spread decomposition makes a significant contribution to the prediction of IP growth.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1996.04a
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• pp.741-744
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• 1996

Artifical Neural Network(ANN) models were used for forecasting interest rate as a new methodology, which has proven itself successful in financial domain. This research intended to construct ANN models which can maximize the performance of prediction, regarding Corporate Bond Yield (CBY) as interest rate. Synergistic Market Analysis (SMA) was applied to the construction of models [Freedman et al.]. In this aspect, while the models which consist of only time series data for corporate bond yield were devloped, the other models generated through conjunction and reorganization of fundamental variables and market variables were developed. Every model was constructed to predict 1,6, and 12 months after and we obtained 9 ANN models for interest rate forecasting. Multi-layer perceptron networks using backpropagation algorithm showed good performance in the prediction for 1 and 6 months after.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.5 no.1
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• pp.51-63
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• 1997

Generally, air freight forecasting model used to major factor GNP(GDP), Yield, Exchange rate, as its independent variables. We studied about the factors that affect to Air Freight in Korea, and we found six affective variables. Those are GNP, Exchange rate, Flight routes, Flight numbers, Sum of dollars Export and import. To find the relationship between the Air Freight and GNP, Exchange rate, Flight routes, Flight numbers, Sum of dollars Export and import we used regression analysis. Through the regression analysis, we found some problems in the model. There are collieneraities between the variables, so we took the variables selection model to choose the best affective variables of air cargo. We have defined the the Korean air freight forecasting model with two variables and forecast far the $1996{\sim}2010$ period were made by using this model.