Volatility Prediction with Mixture Density Networks

Author(s):  
Christian Schittenkopf ◽  
Georg Dorffner ◽  
Engelbert J. Dockner
Keyword(s):  
1995 ◽  
Vol 60 (8) ◽  
pp. 1274-1280 ◽  
Author(s):  
Kamil Wichterle

Analysis of extended data on turbine impeller power input in geometrically similar agitated baffled tanks shows that the power number Po is a function of Reynolds number Po = Po*(Re) until the emergence of surface aeration. Though it is usually anticipated that Po* = const in high Reynolds number region, some, whatever weak, function should be taken into consideration in more detailed analysis of the power data even here. In practice, disturbances of level and gas captured in the impeller region play also a significant role, namely in smaller tanks at higher impeller speeds. Decrease of power input can be explained by decrease of gas-liquid mixture density, or in other words by increase of efficient gas holdup eE just in the impeller region. The value eE defined by the relation Po = Po*(Re)/(1 + eE) was determined from the available data. Like other effects of the surface aeration it depends mainly on the dimensionless number Nc = (We Fr)1/4. A simple correlation eE (Nc) is suggested as a correction factor for prediction of impeller power in presence of gas capture.


Aerospace ◽  
2021 ◽  
Vol 8 (6) ◽  
pp. 152
Author(s):  
Micha Zoutendijk ◽  
Mihaela Mitici

The problem of flight delay prediction is approached most often by predicting a delay class or value. However, the aviation industry can benefit greatly from probabilistic delay predictions on an individual flight basis, as these give insight into the uncertainty of the delay predictions. Therefore, in this study, two probabilistic forecasting algorithms, Mixture Density Networks and Random Forest regression, are applied to predict flight delays at a European airport. The algorithms estimate well the distribution of arrival and departure flight delays with a Mean Absolute Error of less than 15 min. To illustrate the utility of the estimated delay distributions, we integrate these probabilistic predictions into a probabilistic flight-to-gate assignment problem. The objective of this problem is to increase the robustness of flight-to-gate assignments. Considering probabilistic delay predictions, our proposed flight-to-gate assignment model reduces the number of conflicted aircraft by up to 74% when compared to a deterministic flight-to-gate assignment model. In general, the results illustrate the utility of considering probabilistic forecasting for robust airport operations’ optimization.


1979 ◽  
Vol 47 (1) ◽  
pp. 8-12 ◽  
Author(s):  
C. F. O'Cain ◽  
M. J. Hensley ◽  
E. R. McFadden ◽  
R. H. Ingram

We examined the bronchoconstriction produced by airway hypocapnia in normal subjects. Maximal expiratory flow at 25% vital capacity on partial expiratory flow-volume (PEFV) curves fell during hypocapnia both on air and on an 80% helium- 20% oxygen mixture. Density dependence also fell, suggesting predominantly small airway constriction. The changes seen on PEFV curves were not found on maximal expiratory flow-volume curves, indicating the inhalation to total lung capacity substantially reversed the constriction. Pretreatment with a beta-sympathomimetic agent blocked the response, whereas atropine pretreatment did not, suggesting that hypocapnia affects airway smooth muscle directly, not via cholinergic efferents.


2021 ◽  
Vol 95 ◽  
pp. 115-122 ◽  
Author(s):  
Lu Zou ◽  
Zhangjin Huang ◽  
Naijie Gu ◽  
Fangjun Wang ◽  
Zhouwang Yang ◽  
...  
Keyword(s):  

Author(s):  
Arvind Jayaprakash ◽  
Sowmitra Singh ◽  
Georges Chahine

The dynamics of a primary relatively large bubble in a water mixture including very fine bubbles is investigated experimentally and the results are provided to several parallel on-going analytical and numerical approaches. The main/primary bubble is produced by an underwater spark discharge from two concentric electrodes placed in the bubbly medium, which is generated using electrolysis. A grid of thin perpendicular wires is used to generate bubble distributions of varying intensities. The size of the main bubble is controlled by the discharge voltage, the capacitors size, and the pressure imposed in the container. The size and concentration of the fine bubbles can be controlled by the electrolysis voltage, the length, diameter, and type of the wires, and also by the pressure imposed in the container. This enables parametric study of the factors controlling the dynamics of the primary bubble and development of relationships between the bubble characteristic quantities such as maximum bubble radius and bubble period and the characteristics of the surrounding two-phase medium: micro bubble sizes and void fraction. The dynamics of the main bubble and the mixture is observed using high speed video photography. The void fraction/density of the bubbly mixture in the fluid domain is measured as a function of time and space using image analysis of the high speed movies. The interaction between the primary bubble and the bubbly medium is analyzed using both field pressure measurements and high-speed videography. Parameters such as the primary bubble energy and the bubble mixture density (void fraction) are varied, and their effects studied. The experimental data is then compared to simple compressible equations employed for spherical bubbles including a modified Gilmore Equation. Suggestions for improvement of the modeling are then presented.


2017 ◽  
Vol 17 (20) ◽  
pp. 12269-12302 ◽  
Author(s):  
William T. Ball ◽  
Justin Alsing ◽  
Daniel J. Mortlock ◽  
Eugene V. Rozanov ◽  
Fiona Tummon ◽  
...  

Abstract. Observations of stratospheric ozone from multiple instruments now span three decades; combining these into composite datasets allows long-term ozone trends to be estimated. Recently, several ozone composites have been published, but trends disagree by latitude and altitude, even between composites built upon the same instrument data. We confirm that the main causes of differences in decadal trend estimates lie in (i) steps in the composite time series when the instrument source data changes and (ii) artificial sub-decadal trends in the underlying instrument data. These artefacts introduce features that can alias with regressors in multiple linear regression (MLR) analysis; both can lead to inaccurate trend estimates. Here, we aim to remove these artefacts using Bayesian methods to infer the underlying ozone time series from a set of composites by building a joint-likelihood function using a Gaussian-mixture density to model outliers introduced by data artefacts, together with a data-driven prior on ozone variability that incorporates knowledge of problems during instrument operation. We apply this Bayesian self-calibration approach to stratospheric ozone in 10° bands from 60° S to 60° N and from 46 to 1 hPa (∼ 21–48 km) for 1985–2012. There are two main outcomes: (i) we independently identify and confirm many of the data problems previously identified, but which remain unaccounted for in existing composites; (ii) we construct an ozone composite, with uncertainties, that is free from most of these problems – we call this the BAyeSian Integrated and Consolidated (BASIC) composite. To analyse the new BASIC composite, we use dynamical linear modelling (DLM), which provides a more robust estimate of long-term changes through Bayesian inference than MLR. BASIC and DLM, together, provide a step forward in improving estimates of decadal trends. Our results indicate a significant recovery of ozone since 1998 in the upper stratosphere, of both northern and southern midlatitudes, in all four composites analysed, and particularly in the BASIC composite. The BASIC results also show no hemispheric difference in the recovery at midlatitudes, in contrast to an apparent feature that is present, but not consistent, in the four composites. Our overall conclusion is that it is possible to effectively combine different ozone composites and account for artefacts and drifts, and that this leads to a clear and significant result that upper stratospheric ozone levels have increased since 1998, following an earlier decline.


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