Starting from a consistent and asymptotically normally distributed structural estimate of a dynamic econometric model, this paper provides an analytical derivation of the asymptotic distribution of spectra and cross spectra of the jointly dependent variables. A numerical example is provided on...

In a recent paper, Dominique (2009) argues that for a Walrasian economy with m consumers and n goods, the equilibrium set of prices becomes a fractal attractor due to continuous destructions and creations of excess demands. The paper also posits that the Hausdorff dimension of the attractor is d...

In this work, the problem of hydrodynamic, heat and mass transfer and stability in a salt gradient solar pond has been numerically studied by means of computational fluid dynamics in transient regime. The body of the simulated pond is an enclosure of height H and length L wherein an artificial...

Concentrations of environmental pollutants tend to follow positively skewed frequency distributions. Two such density functions are the gamma and lognormal. Minimum variance unbiased estimators of the expected value for both densities are available. The small sample statistical properties of...

First, we applaud Dr. Gotway for seeking via her paper to expose a wider audience of statisticians to the many interesting and challenging modeling and statistical problems in the environmental area. This well-written paper effective explains the WIPP and the context of the analysis. Dr....

We introduce mixtures of binomial distributions derived by assuming that the probability parameter p varies according to some law. We use the transformation p = exp([minus]t) and consider various appropriate densities for the transformed variables. In the process, the Laplace transform becomes...

Twenty tests for normality were compared for the purpose of detecting mixtures of two normal components with unequal means but equal variance. The purpose of this study was to determine the power of tests specifically designed to detect mixtures, i.e., the likelihood ratio and Engelman-Hartigan...

In this paper we provide a review of copula theory with applications to finance. We illustrate the idea on the bivariate framework and discuss the simple, elliptical and Archimedean classes of copulae. Since the copulae model the dependency structure between random variables, next we explain the...

When is one distribution (of income, consumption, or some other economic variable) more equal or better than another? This question has proven difficult to answer in situations where distribution functions intersect and no unambiguous ranking can be attained without introducing weaker criteria...