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economics literature on tourism. The reason for this interest emerges from both the increasing economic importance of the … tourist sector and the increasing competition on the tourist market as a consequence of the transition from mass tourism to a … new age of tourism that calls for a tailor-made approach to the specific attitudes and needs of tourists. The central …
Persistent link: https://www.econbiz.de/10011349706
We propose a novel Bayesian test under a (noninformative) Jeffreys'priorspecification. We check whether the fixed scalar value of the so-calledBayesian Score Statistic (BSS) under the null hypothesis is aplausiblerealization from its known and standardized distribution under thealternative....
Persistent link: https://www.econbiz.de/10011303302
Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
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We propose a new model for dynamic volatilities and correlations of skewed and heavy-tailed data. Our model endows the Generalized Hyperbolic distribution with time-varying parameters driven by the score of the observation density function. The key novelty in our approach is the fact that the...
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