Showing 1 - 10 of 14
non-justificationist. We draw on Keynes's "A Treatise on Probability," Hayek's "The Sensory Order," and other works to …
Persistent link: https://www.econbiz.de/10005076652
This paper constructs the probability space underlying the random variable of any time dependent econometric …. Furthermore, it is argued that the probability events belonging to this space are forms of understanding economic activity held by …’s probability space. Finally, a model of the dependencies based on agent-based understandings, and evolution thereof, is presented …
Persistent link: https://www.econbiz.de/10005407919
-Parametric Statistics, Design of Experiments, Probability, Operations Research, and Stochastic Models. The topics covered include … probability, probability, ANOVA, goodness of fit, density functions, cdf, pdf, Baye's formula, Markov chains, expectation …
Persistent link: https://www.econbiz.de/10005556694
This paper constructs the probability space underlying the random variable of any time dependent econometric …. Furthermore, it is argued that the probability events belonging to this space are forms of understanding economic activity held by …’s probability space. Finally, a model of the dependencies based on agent-based understandings, and evolution thereof, is presented …
Persistent link: https://www.econbiz.de/10005561047
Multi-Agent Based Simulation is a branch of Distributed Artificial Intelligence that builds the base for computer simulations which connect the micro and macro level of social and economic scenarios. This paper presents a new method of modelling the formation and change of patterns of action in...
Persistent link: https://www.econbiz.de/10005076915
The decisions made during the design process have a critical impact both on the design solution obtained but also on the design process itself. It can be observed that while the way in which products are developed differs not only across firms but within the same firm over time, what is being...
Persistent link: https://www.econbiz.de/10005062523
The statistical forecasting efficiency of new crop corn and soybean futures is the topic of frequent academic inquiry. However, few studies address the usefulness of these forecasts to economic agents' decision making. Each year Central Illinois producers are faced with the decision to plant...
Persistent link: https://www.econbiz.de/10005413204
This paper broadly discusses the customer portfolio theories and their implications in reference to marketing and purchasing perspectives. It provides an insight into how marketers interpret and describe companies' actions. The central theme of the paper - the tools that can be used to...
Persistent link: https://www.econbiz.de/10005413281
Those making environmental decisions must not only characterize the present, they must also forecast the future. They must do so for at least two reasons. First, if a no-action alternative is pursued, they must consider whether current trends will be favorable or unfavorable in the future....
Persistent link: https://www.econbiz.de/10005556575