Showing 1 - 10 of 16
The western pension systems and especially the Spanish one will noticeably be a®ected by an aging of the population that is currently underway. This work proposes a pension model for Spain which would mean deep structural reforms that would guarantee meeting the objectives established by a...
Persistent link: https://www.econbiz.de/10009957384
In this study, a vector autoregression (VAR) model with time-varying parameters (TVP) to predict the daily Indian rupee (INR)/US dollar (USD) exchange rates for the Indian economy is developed. The method is based on characterization of the TVP as an optimal control problem. The methodology is a...
Persistent link: https://www.econbiz.de/10009958060
Grey system theory can powerfully deal with incomplete and uncertain information. In this paper, we introduced an improved grey GM(1,1) model that integrates residual modification with Markov chain model. By this model, we improved the forecast accuracy of original grey forecast model and...
Persistent link: https://www.econbiz.de/10009958471
This paper develops a framework for evaluating the importance of the arrival of new information for forecasting, estimation, and decision making. By fusing known and recently developed statistical tests and concepts, the paper provides guidelines for detecting outliers, influential observations,...
Persistent link: https://www.econbiz.de/10009959113
Company valuation is not done after having generated a few values being a result of applying different valuation methods. In many cases institutions ordering the valuation request a value which can be an equivalent of a market, transactional value. Often the one method (and the valuation...
Persistent link: https://www.econbiz.de/10009959718
Die Preise von Eigentumswohnungen und die Wohnungsmieten sind in den vergangenen Jahren in den meisten deutschen Großstädten deutlich gestiegen. Diese Entwicklung wird sich 2013 fortsetzen. Berlin, Hamburg, München und Frankfurt am Main liegen bei den Preis- und Mietsteigerungen weiterhin an...
Persistent link: https://www.econbiz.de/10010079482
In this paper, we forecast SET50 Index (The stock prices of the top 50 listed companies on SET (Stock Exchange of Thailand) by using multiple regression. At the same time, we examine/ consider/describe? the existence of a high correlation (the multicolinearity problem) between the explanatory...
Persistent link: https://www.econbiz.de/10010009125
The paper examines the determinants of inflation in some West African countries. Using the Johansen technique and time series between 1970q1 and 2010q4 the study determines whether inflation in these African countries is mainly imported (via import prices and exchange rate movements) or...
Persistent link: https://www.econbiz.de/10010097696
Fraudulent financial reporting is a matter of great social and economic concern. Managers may distort financial statements so as to present their companies more favorably to investors or creditors. On the other hand, auditors are the ones who are expected to identify fraudulent financial...
Persistent link: https://www.econbiz.de/10010118423
The aim of this paper is to empirically investigate the in sample and out of sample forecasting performance of several GARCH-type models such as GARCH, EGARCH and APARCH model with Gaussian, student-t, Generalized error distribution (GED), student-t with fixed DOF 10 and GED with fixed parameter...
Persistent link: https://www.econbiz.de/10010118432