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When building an economic model for supply analysis the aim is to model a decision makingprocess of one or more agents which fits the observed practice as good as possible. Hereby themodeller is often confronted with incomplete information about the production process; particularcrop specific...
Persistent link: https://www.econbiz.de/10009443243
Probability forecasts play an important role in many decision and risk analysis applications. Research and practice over the years have shown that the shift towards distributional forecasts provides a more accurate and appropriate means of capturing risk in models for these applications. This...
Persistent link: https://www.econbiz.de/10009475514
services, and the entropy (or diversity) of services within postal code areas and how this measure correlates to the presence …
Persistent link: https://www.econbiz.de/10009450967
Anecdotal data affirms that companies applying Lean Six Sigma in their operations not only deliver higher quality products and services, but also obtain superior financial results. The goal of this research was to empirically verify anecdotal data. The study proposed to analyze a group of...
Persistent link: https://www.econbiz.de/10009457236
The level of internal and external entropy belongs to basic indicators of evaluation of successfulness of management …. Entropy represents measure of nonsystematicness enterprise, which can lead to decrease its productivity. The aim of the … article is to describe and evaluated measure of entropy of agricultural enterprises. …
Persistent link: https://www.econbiz.de/10011316136
This report analyzes the relationship between thermodynamic and information entropy. It is shown that in the case of …
Persistent link: https://www.econbiz.de/10011316148
GMM provides a computationally convenient estimation method and the resulting estimator can be shown to be consistent and asymptotically normal under the fairly moderate regularity conditions. It is widely known that the information content in the population moment condition has impacts on the...
Persistent link: https://www.econbiz.de/10009431183
Model induction from relational data requires aggregation of values ofattributes of related entities. This paper makes … needed to learn these concepts. (2) Expanding onelevel of the hierarchy, it introduces new aggregation operators thatmodel … byclass. (3) It demonstrates empirically on a noisy business domain thatmore-complex aggregation methods can increase …
Persistent link: https://www.econbiz.de/10009435047
This paper explores the differences that can exist between individual and aggregate loss guarantees in an environment where guarantees are only provided at an aggregate level. The focus is on understanding which traffic parameters are responsible for inducing possible deviations and to what...
Persistent link: https://www.econbiz.de/10009439223
still remains significant at high levels of aggregation. Because the bias rises with disaggregation, findings of …
Persistent link: https://www.econbiz.de/10009444189