Merging multiple precipitation sources for flash flood forecasting

We investigated the effectiveness of combining gauge observations and satellite-derived precipitation on flood forecasting. Two data merging processes were proposed: the first one assumes that the individual precipitation measurement is non-bias, while the second process assumes that each precipitation source is biased and both weighting factor and bias parameters are to be calculated. Best weighting factors as well as the bias parameters were calculated by minimizing the error of hourly runoff prediction over Wu-Tu watershed in Taiwan. To simulate the hydrologic response from various sources of rainfall sequences, in our experiment, a recurrent neural network (RNN) model was used. The results demonstrate that the merged method used in this study can efficiently combine the information from both rainfall sources to improve the accuracy of flood forecasting during typhoon periods. The contribution of satellite-based rainfall, being represented by the weighting factor, to the merging product, however, is highly related to the effectiveness of ground-based rainfall observation provided gauged. As the number of gauge observations in the basin is increased, the effectiveness of satellite-based observation to the merged rainfall is reduced. This is because the gauge measurements provide sufficient information for flood forecasting; as a result the improvements added on satellite-based rainfall are limited. This study provides a potential advantage for extending satellite-derived precipitation to those watersheds where gauge observations are limited. © 2007 Elsevier B.V. All rights reserved

Industrial process monitoring by means of recurrent neural networks and Self Organizing Maps

Industrial manufacturing plants often suffer from reliability problems during their day-to-day operations which have the potential for causing a great impact on the effectiveness and performance of the overall process and the sub-processes involved. Time-series forecasting of critical industrial signals presents itself as a way to reduce this impact by extracting knowledge regarding the internal dynamics of the process and advice any process deviations before it affects the productive process. In this paper, a novel industrial condition monitoring approach based on the combination of Self Organizing Maps for operating point codification and Recurrent Neural Networks for critical signal modeling is proposed. The combination of both methods presents a strong synergy, the information of the operating condition given by the interpretation of the maps helps the model to improve generalization, one of the drawbacks of recurrent networks, while assuring high accuracy and precision rates. Finally, the complete methodology, in terms of performance and effectiveness is validated experimentally with real data from a copper rod industrial plant.Postprint (published version

Does money matter in inflation forecasting?.

This paper provides the most fully comprehensive evidence to date on whether or not monetary aggregates are valuable for forecasting US inflation in the early to mid 2000s. We explore a wide range of different definitions of money, including different methods of aggregation and different collections of included monetary assets. In our forecasting experiment we use two non-linear techniques, namely, recurrent neural networks and kernel recursive least squares regression - techniques that are new to macroeconomics. Recurrent neural networks operate with potentially unbounded input memory, while the kernel regression technique is a finite memory predictor. The two methodologies compete to find the best fitting US inflation forecasting models and are then compared to forecasts from a naive random walk model. The best models were non-linear autoregressive models based on kernel methods. Our findings do not provide much support for the usefulness of monetary aggregates in forecasting inflation

Modeling Long- and Short-Term Temporal Patterns with Deep Neural Networks

Multivariate time series forecasting is an important machine learning problem across many domains, including predictions of solar plant energy output, electricity consumption, and traffic jam situation. Temporal data arise in these real-world applications often involves a mixture of long-term and short-term patterns, for which traditional approaches such as Autoregressive models and Gaussian Process may fail. In this paper, we proposed a novel deep learning framework, namely Long- and Short-term Time-series network (LSTNet), to address this open challenge. LSTNet uses the Convolution Neural Network (CNN) and the Recurrent Neural Network (RNN) to extract short-term local dependency patterns among variables and to discover long-term patterns for time series trends. Furthermore, we leverage traditional autoregressive model to tackle the scale insensitive problem of the neural network model. In our evaluation on real-world data with complex mixtures of repetitive patterns, LSTNet achieved significant performance improvements over that of several state-of-the-art baseline methods. All the data and experiment codes are available online.Comment: Accepted by SIGIR 201