In Nigeria, the sports broadcast industry is still at a developmental stage. Marked with a situation of enjoyment of monopoly by Multichoice Nigeria (DSTV) initially, its emerging competitor could not compete for more than 5 years as Hi-Tv is presently under a receivership. Hence, it seems there...

When comparing predictive distributions, forecasters are typically not equally interested in all regions of the outcome space. To address the demand for focused forecast evaluation, we propose a procedure to transform strictly proper scoring rules into their localized counterparts while...

Return event studies generally involve several firms but there are also cases when only one firm is involved. This makes the relevant testing problems, abnormal return (AR) and cumulative abnormal return (CAR), more difficult since one cannot exploit the multitude of firms (by using a relevant...