Showing 1 - 10 of 18
This paper evaluates the forecasting performance of a continuous stochastic volatility model with two factors of volatility (SV2F) and compares it to those of GARCH and ARFIMA models. The empirical results show that the volatility forecasting ability of the SV2F model is better than that of the...
Persistent link: https://www.econbiz.de/10005582598
The paper provides a review of basic elements of asymptotic theory. Topics include modes of convergence, laws of large numbers and central limit theorems.
Persistent link: https://www.econbiz.de/10005241851
Separating seasonal components from other sources of economic fluctuations is crucial for both economic modeling and policy making. Practitioners treat seasonality as noise to be removed before estimating models and tend to apply deseasonalizing methods i
Persistent link: https://www.econbiz.de/10005510108
By far, the most popular test for spatial correlation is the one based on Moran's (1950) I test statistic. Despite this, the available results in the literature concerning the large sample distribution of this statistic are limited and have been derived under assumptions that do not cover many...
Persistent link: https://www.econbiz.de/10005241852
In the wake of regulatory, information technology and methodological changes, statistical property valuation has been gaining traction in Hungary. This paper looks at the available methods of appraisal based on the literature. We provide an overview of the advantages and drawbacks of the...
Persistent link: https://www.econbiz.de/10011944894
In the wake of regulatory, information technology and methodological changes, statistical property valuation has been gaining traction in Hungary. This paper looks at the available methods of appraisal based on the literature. We provide an overview of the advantages and drawbacks of the...
Persistent link: https://www.econbiz.de/10011562772
The chosen tournament format has a fundamental impact on the popularity and success of a sport. Efficiency of a format describes how well it can reproduce the real but hidden power ranking of the participants. We compare the efficiency of the formats of two individual sports that share similar...
Persistent link: https://www.econbiz.de/10012290300
Analyses of the Hungarian employment situation are almost always concerned only with the change in the number of the employed, unemployed and inactive, not paying particular attention to the flows between these states. This paper discusses a method of calculating labour market flows in a...
Persistent link: https://www.econbiz.de/10010494706
The paper presents a detailed description of the ISMIK model which was developed as a part of "Priority project TÁMOP - 2.3.2-09/1 Establishing labour market forecasts and foreseeing structural changes". The ISMIK model is a dynamic microsimulation model to project individuals' educational...
Persistent link: https://www.econbiz.de/10010494724
The so called classic model of tax compliance behaviour interprets the problem as an individual decision under risk made by a single taxpayer. After a concise description of this model our literature survey investigates whether the empirical results found in the literature corroborate the...
Persistent link: https://www.econbiz.de/10011944897