Emerging Needs and Tailored Products for Untapped Markets by Luisa Anderloni, Maria Debora Braga and Emanuele Maria Carluccio 3 pot

... β>0. 3 GARCH stands for generalized autoregresssive conditional heteroskedasticity, and was introduced by Bollerslev (1986, 1987) and Engle (1982). Engle received the Nobel Prize in 20 03 for his work ... simple and straightforward. Current and lagged values of interest rates, exchange rates, changes in GDP, and other types of economic and financial news affect fur- ther...

Ngày tải lên: 21/06/2014, 09:20

... financial markets, particularly in emerging market countries. Table 3. 3 gives the results for the goodness of fit or R 2 statistics for this base set of realizations, as well as the mean and standard ... particular point forecasts. Granger and Jeon (2002) have suggested “thick modeling” as a strategy for neural net- works, particularly for forecasting. The idea is simple and...

Ngày tải lên: 21/06/2014, 09:20

... MRS Model (Structure: 4 Lags, 3 Neurons) Diagnostic Linear Model (Network Model) Estimate R 2 .35 ( .38 ) HQIF 32 91 (32 68) L-B ∗ .91 M-L ∗ .0009 E-N ∗ .0176 J-B ∗ .36 L-W-G 13 B-D-S∗ .0002 ∗ marginal ... Estimating and Forecasting with Artificial Data 0 10 20 30 40 50 60 70 80 90 100 3 −2 −1 0 1 2 3 4 5 Network Linear FIGURE 5. 13. Out-of-sample prediction errors: VRS model TA...

Ngày tải lên: 21/06/2014, 09:20

... Costs Mean 0 .30 0 −0.060 0.027 0.086 0. 234 0.016 0.082 1985 0.294 −0.056 0.024 0.050 0.226 −0.015 0.072 1996 0 .30 0 −0.060 0.027 0.091 0. 235 0.020 0.084 2002 0 .30 9 −0.067 0. 032 0. 130 0.244 0.0 53 0.0 93 Statistical ... Index Costs Mean 0 .31 2 −0. 037 0.0 93 0.168 0 .30 6 0.055 0.141 1985 0.295 −0.018 0.071 0.182 0.292 0.051 0.1 23 1996 0 .32 0 −0.046 0.1 03 0.161 0 .31 2 0.056 0...

Ngày tải lên: 21/06/2014, 09:20

... 8. 137 6.106 4.506 Coeff. Var 0.591 0.500 0.428 0 .37 2 0 .30 0 0. 239 Skewness 1.122 1.214 1.2 23 1.191 1.092 0.952 Kurtosis 2.867 3. 114 3. 186 3. 156 3. 0 23 2. 831 Max 66.000 59.000 50.000 44 .30 0 37 .200 31 .700 Min ... 23. 500 22 .30 0 21.000 20.000 Std. Dev. 12.906 10.1 83 8.1 23 6.719 5. 238 4 .30 3 Coeff. Var 0.4516 0 .38 88 0 .33 448 0.2927 0.246 0.216 Skewness 0.487 0.59...

Ngày tải lên: 21/06/2014, 09:20

... connections and, 30 32 multilayered feedforward networks in, 32 34 in principal components analysis, 42 holidays, data adjustment for, 62– 63, 62n homoskedasticity tests, 88–89, 91 Hong Kong, inflation and deflation ... Reviews 13: 1–91. Kuan, Chung-Ming, and Tung Liu (1995), “Forecasting Exchange Rates Using Feedforward and Recurrent Neural Networks,” Journal of Applied Econometri...

Ngày tải lên: 21/06/2014, 09:20

... bond market for confirmation. A bullish technical forecast for bonds is also a bullish technical forecast for stocks. Conversely, a bearish analysis for bonds is a bearish forecast for stocks. ... market and falling commodity markets, the spring and early summer saw surging commodity markets and a weak bond market. This surge in the CRB Index was caused mainly by strong g...

Ngày tải lên: 21/06/2014, 09:20

... 1955, before computers were so common, the RAND Corporation published a book entitled A Million Random Digits. It was used in selecting random trials for experimental designs and simulations (and ... µ = 0.2 and σ = 0 .3 and use 10 3 equally spaced time points over [0, 3] . We generated 10 4 such discrete paths, starting from S 0 = 1but using different random number generator sa...

Ngày tải lên: 21/06/2014, 09:20