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This paper develops a flexible multi-dimensional assessment method for the comparison of different statistical-econometric techniques based on learning mechanisms, with a view to analysing and forecasting regional labour markets. The aim of this paper is twofold. A first major objective is to...
Persistent link: https://www.econbiz.de/10005125575
En este trabajo se estudia la rentabilidad de la empresa agroalimentaria en Andalucía (España)mediante un conjunto de ratios, elaborados por el Instituto de Estadística de Andalucía a partir de la Central de Balances de Actividades Empresariales de Andalucía. El objeto es encontrar las...
Persistent link: https://www.econbiz.de/10005125615
. Separate West and East models are tested, before carrying out a unified experiment on the full data set for Germany. The above …
Persistent link: https://www.econbiz.de/10005134566
This paper addresses the question of whether neural networks, a realistic cognitive model of the human information processing, can learn to backward induce in a two stage game with a unique subgame-perfect Nash Equilibrium. The result that the neural networks only learn a heuristic that...
Persistent link: https://www.econbiz.de/10005062328
Structural changes were the main focus of many studies in recent years. Changes which alter the socio-economic status of a nation from deprived and traditional nature to a developed and modern one. The main hypothesis of this study is that, the economic development does not occur through a...
Persistent link: https://www.econbiz.de/10005407960
regarding when and whether Bierens-type tests are asymptotically degenerate. In a simulation experiment in which all parameters …
Persistent link: https://www.econbiz.de/10005556316
In some cases, currency crises are followed by strong recessions (e.g., recent Asian and Argentinean crises), but in other cases they are not. This paper uses Self-Organizing Maps (SOM) to search for meaningful associations between speculative attacks' real effects and 28 variables that...
Persistent link: https://www.econbiz.de/10005556651
synthetic asset, the foreign equity in domestic currency, is employed to obtain the implied volatility for these options. These … implied volatilities are then used to obtain the local volatility for use in the numerical routine. The model is designed to …
Persistent link: https://www.econbiz.de/10005134807
Through explicitly incorporating analysts' forecasts as observable factors in a dynamic arbitrage- free model of the yield curve, this paper proposes a framework for studying the impact of shifts in market sentiment on interest rates of all maturities. An empirical examination reveals that...
Persistent link: https://www.econbiz.de/10005076986
aim at calibrating a stochastic volatility jump diffusion model to the whole market volatility surface at any given time …
Persistent link: https://www.econbiz.de/10005076950