A significant amount of microarray gene expression data is available on the Internet, and researchers are allowed to analyze such data freely. However, microarray data includes thousands of genes, and analysis using conventional techniques is too difficult. Therefore, selecting informative...

In this paper we develop a structural equation model with latent variables in an ordinal setting which allows us to test broker-dealer predictive ability of financial market movements. We use a multivariate logit model in a latent factor framework, develop a tractable estimator based on a...