An index fund is a mutual fund that aims to imitate some benchmark index. There are several advantages of investing in an index fund, namely, exposure to a diversified portfolio, minimization of company-specific risks, high liquidity, etc. In India, there has been a significant growth in the...

We obtain the rates of pointwise and uniform convergence of kernel density estimators using random bandwidths under i.i.d. as well as strongly mixing dependence assumptions. Pointwise rates are faster and not affected by the tail of the density.

A class of models is considered to describe the data to be collected using a design of experiment. One model within the class will possibly describe the data more adequately than the others which will be the “true model” but we do not know its identification. In the pioneering work of...

Purpose: This paper examines the effects of limiting the number of loans a bank can issue, reflecting a policy recently implemented by the US Federal Reserve. Design/methodology/approach: This paper does so in a streamlined model of the banking sector. Findings: This paper finds that a binding...

Consider the Kaplan-Meier estimate of the distribution function for right randomly censored data. We show that a U-statistic defined via this estimate is asymptotically normal. Under a condition of degeneracy, different from the degeneracy condition in uncensored models, it has an asymptotic...