We develop a new Markov Chain Monte Carlo procedure for a time series regression model truncated by upper and lower bounds. The regression error term is assumed to follow an ARMA--GARCH process. We use a convergence diagnostics with a simultaneous test of mean and covariance stationarity and...

In the design of a wind farm, the placement of turbines is an important factor that affects the efficiency and profit, but automatic placement of turbines is still a challenging problem.

This paper empirically examines the adverse selection models by using the data from Chinas personal automobile insurance market through the standard positive-correlation test. Results show that higher-risk insurance policyholders do tend to buy insurance with a lower coinsurance rate, which...