Statistical inference in nested linear models that result from linear restrictions on the parameters of encompassing linear models can be considered to result from the conditional distribution under the encompassing model. We extend this reasoning to nested models that result from general...

This book presents the theory of probability and mathematical statistics at a level suitable for researchers at the frontiers of applied disciplines. Examples and exercises make essential concepts in measure theory and analysis accessible to those with preparation limited to vector calculus....

AbstractThe following sections are included:IntroductionIntegrationIntegrals on Abstract Measure SpacesIntegrals on Sets of Real NumbersProperties of E(·)Expectations as Informative FunctionalsMoments of Random VariablesGenerating FunctionsConditional ExpectationMoments of Conditional...

This paper examines financial market data to assess the likelihood of renminbi revaluation and its implications for Chinese share price increases, given the continuing appreciation of the Euro against the U.S. dollar. We find that the 3-month non-deliverable forward premia are key series linking...

In this paper, we examine the predictive ability, both in-sample and the out-of-sample, for South African stock returns using a number of financial variables, based on monthly data with an in-sample period covering 1990:01 to 1996:12 and the out-of-sample period of 1997:01 to 2010:04. We use the...

An emergent body of literature examined why some firms apply some environmental initiatives while other firms do not take responsibility for their natural environment? Thus, firm environmental orientation (responsiveness and performance) are linked in the literature to several variables....

Much research in health economics revolves around the analysis of hierarchically structured data. For instance, combining characteristics of patients with information pertaining to the general practice (GP) clinic providing treatment is called for in order to investigate important features of...

The size and power properties of several tests of equal Mean Square Prediction Errors (MSPE) and of Forecast Encompassing (FE) are evaluated, using Monte Carlo simulations, in the context of nested dynamic regression models. The highest size-adjusted power is achieved by the F-type test of...

This paper examines financial market data to assess the likelihood of Renminbi appreciation and its implications for Chinese financial markets, given the continuing volatility of the exchange rate between the US Dollar and the Japanese Yen. Using VAR and Bayesian VAR estimation, we find that the...

Purpose – The purpose of this paper is to reconcile the multidimensional nature of poverty with a population's cultural conditioning for the purpose of policy evaluation. Design/methodology/approach – Structural equation modeling is the strategy used to compare nested models. Findings –...