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Coronavirus Infection Forecast for Korea, Italy and Iran

Jian.Chen@jhu.edu

 

Abstract

Based on what we have learned from China (both inside Hubei, the epicenter of the coronavirus outbreak, and outside Hubei), we estimate the effectiveness of China’s containment policy, and corresponding model parameters. We make up three scenarios to utilize these parameters: S1 means the containment policy is as effective as China outside Hubei S2 is close to Hubei experience, and about 75% of S1’s effectivenessS3 is about 56% of S1’s effectiveness.

 

Under these three scenarios, we forecast the peak of daily incremental infection cases, the peak date, and the number of total infection cases at end of March, April, and May for these three countries: Korea, Italy, and Iran.

 

Korea: Forecast

S1

S2

S3

Peak Value of Incremental Confirmed Cases

     444

    484

      610

Peak Value Date

2020/3/6

2020/3/8

2020/3/12

Confirmed Cases at March End

   9,450

 11,485

   17,501

Confirmed Cases at April End

   9,454

 11,546

   21,326

Confirmed Cases at May End

   9,454

 11,547

   22,192

 

Italy: Forecast

S1

S2

S3

Peak Value of Incremental Confirmed Cases

776

918

1,183

Peak Value Date

2020/3/10

2020/3/12

2020/3/15

Confirmed Cases at March End

  12,114

  16,454

  26,567

Confirmed Cases at April End

  12,134

  16,691

  35,182

Confirmed Cases at May End

  12,134

  16,691

  37,131

 

Iran: Forecast

S1

S2

S3

Peak Value of Incremental Confirmed Cases

1,223

2,374

7,230

Peak Value Date

2020/3/12

2020/3/17

2020/3/23

Confirmed Cases at March End

 19,439

 42,062

 126,978

Confirmed Cases at April End

 19,512

 43,771

 208,006

Confirmed Cases at May End

 19,512

 43,775

 226,340

 

Introduction of Models

 

We built a transition matrix model for CoVID-19 as the following.

The detailed mathematics for the model can be found at the pre-print journal medRxiv web site: https://www.medrxiv.org/content/10.1101/2020.02.16.20023614v1. This paper has also been submitted to Lancet.

Based on the last month’s actual data, we performed a back-testing of the forecast model. The results are very promising, regarding the forecast of peak estimate and peak date. The model proves to be reasonable, robust, and accurate. The treatment team is Wuhan also find it very useful. As a matter of fact, one of the co-authors, Dr. Zheng Junhua, is the team leader of Shanghai’s medical team in Wuhan.

 

 Based on last month’s actual data, we find the key driver, NCC Decay Rate, is reduced to a level below zero very fast, which means less people are added to the new close contact list every day.

 

As a result, the new confirmed case (NCC) decay rate is also quickly reduced below zero, which means there’s less new infection cases (NCF) every day. We estimate the daily reduction rate is -2.65% for outside Hubei regions, and -2.20% inside Hubei. However, the rate does seem to have a floor: -30% for outside Hubei, and -20% for inside Hubei.

Thus, we set up three scenarios as the following:

 

 

S1

S2

S3

Description

100% of containment policy effectiveness as outside Hubei

75% of containment policy effectiveness as outside Hubei

56% of containment policy effectiveness as outside Hubei

Min NCF inc%

-30%

-20%

-5%

daily NCF inc%

-2.65%

-2.00%

-1.50%

 

And then we carry out model forecast for these three countries: Korea, Italy, Iran.

 

Korea Forecast

 

 

Based on last two day’s back test, Korea is close to S1-S2.

 

Italy Forecast

 

Based on the last two days’ back test, Italy is close to S3.

 

Iran Forecast

 

 

Based on the last two days’ back test, Iran is close to S3.

 

Conclusion

Based on the model forecast, and recent trends, we expect Korea to contain the coronavirus outbreak relatively quickly, while Italy and Iran need to improve the effectiveness of their containment policy. The trend is also illustrated by the total death toll number, while Korea is very similar to ex-Hubei region, Italy and Iran’s death tolls will likely be much higher.

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陈剑博士现任信风金融科技的创始人兼CEO,MSCI公司亚太区高级顾问,中国资产证券化论坛信息披露专委会主席,财新智库高级业务顾问,财新传媒、《文汇报》、《南风窗》专栏作家,上海金融系统知联会理事,世界华人不动产学会副秘书长。最近与华山医院张文宏教授团队共同研发了COVID-19全球疫情综合风险指数(http://covid19-risk-index.com/),评估各国疫情风险程度。

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