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@article{ART002740848},
author={Sangseop Lim and Seok-Hun Kim},
title={Forecasting Bulk Freight Rates with Machine Learning Methods},
journal={Journal of The Korea Society of Computer and Information},
issn={1598-849X},
year={2021},
volume={26},
number={7},
pages={127-132},
doi={10.9708/jksci.2021.26.07.127}

TY - JOUR
AU - Sangseop Lim
AU - Seok-Hun Kim
TI - Forecasting Bulk Freight Rates with Machine Learning Methods
JO - Journal of The Korea Society of Computer and Information
PY - 2021
VL - 26
IS - 7
PB - The Korean Society Of Computer And Information
SP - 127
EP - 132
SN - 1598-849X
AB - This paper applies a machine learning model to forecasting freight rates in dry bulk and tanker markets with wavelet decomposition and empirical mode decomposition because they can refect both information scattered in the time and frequency domain. The decomposition with wavelet is outperformed for the dry bulk market, and EMD is the more proper model in the tanker market. This result provides market players with a practical short-term forecasting method. This study contributes to expanding a variety of predictive methodologies for one of the highly volatile markets. Furthermore, the proposed model is expected to improve the quality of decision-making in spot freight trading, which is the most frequent transaction in the shipping industry.
KW - Baltic Freight Rate;BCI;BPI;BDTI;BCTI;Decomposition;ANN
DO - 10.9708/jksci.2021.26.07.127
ER -

Sangseop Lim and Seok-Hun Kim. (2021). Forecasting Bulk Freight Rates with Machine Learning Methods. Journal of The Korea Society of Computer and Information, 26(7), 127-132.

Sangseop Lim and Seok-Hun Kim. 2021, "Forecasting Bulk Freight Rates with Machine Learning Methods", Journal of The Korea Society of Computer and Information, vol.26, no.7 pp.127-132. Available from: doi:10.9708/jksci.2021.26.07.127

Sangseop Lim, Seok-Hun Kim "Forecasting Bulk Freight Rates with Machine Learning Methods" Journal of The Korea Society of Computer and Information 26.7 pp.127-132 (2021) : 127.

Sangseop Lim, Seok-Hun Kim. Forecasting Bulk Freight Rates with Machine Learning Methods. 2021; 26(7), 127-132. Available from: doi:10.9708/jksci.2021.26.07.127

Sangseop Lim and Seok-Hun Kim. "Forecasting Bulk Freight Rates with Machine Learning Methods" Journal of The Korea Society of Computer and Information 26, no.7 (2021) : 127-132.doi: 10.9708/jksci.2021.26.07.127

Sangseop Lim; Seok-Hun Kim. Forecasting Bulk Freight Rates with Machine Learning Methods. Journal of The Korea Society of Computer and Information, 26(7), 127-132. doi: 10.9708/jksci.2021.26.07.127

Sangseop Lim; Seok-Hun Kim. Forecasting Bulk Freight Rates with Machine Learning Methods. Journal of The Korea Society of Computer and Information. 2021; 26(7) 127-132. doi: 10.9708/jksci.2021.26.07.127

Sangseop Lim, Seok-Hun Kim. Forecasting Bulk Freight Rates with Machine Learning Methods. 2021; 26(7), 127-132. Available from: doi:10.9708/jksci.2021.26.07.127

Sangseop Lim and Seok-Hun Kim. "Forecasting Bulk Freight Rates with Machine Learning Methods" Journal of The Korea Society of Computer and Information 26, no.7 (2021) : 127-132.doi: 10.9708/jksci.2021.26.07.127