This research presents a comparative analysis of the wind speed forecasting accuracy of univariate and multivariate ARIMA models with their recurrent neural network counterparts. The analysis utilizes contemporaneous wind speed time histories taken from the same tower location at five different...

Policy makers and financial market participants are interested in knowing how shocks affect the volatility of oil prices over time. We accurately compute the volatility persistence by incorporating endogenously determined structural breaks into a GARCH model. Contrary to previous findings, we...

This paper examines how price shocks in antebellum slave markets were transmitted to surrounding slave markets. A newly developed time series econometric technique is utilized to estimate the transmission of price shocks among slave markets and to investigate the univariate and multivariate time...

Using multivariate regression analysis, this study examines the effect that demographic, educational, economic, and geographic characteristics have on average family income in rural and urban counties in the United States. The results indicate that while the above-mentioned characteristics...

Considerable attention has been given to examining the information content of the paper-bill spread in terms of predicting U.S. real economic activity. However, the results have been mixed. This paper examines the robustness of the paper-bill spread as an indicator variable of real output growth...

This article examines the time-series properties of the US venture capital investments (VCI) to determine whether or not various sectors compete in the same market for venture capital funds. Using a battery of unit root tests, we find substantial evidence that VCI shares are nonstationary. Our...

With passage of a 1987 statute, Montana became the only state to adopt a “good cause†standard for discharge of employees with contracts of unspecified duration. The new statute was a legislative response to a series of Montana Supreme Court cases, starting in 1980, that gave otherwise...

Attiat Ott and Richard Cebula have recognised the need to present, in an accessible and straightforward way, the voluminous literature in the public economics arena. Advances in econometric techniques and the spillover of knowledge from other disciplines made it difficult, not only for students...

In 1997, the Federal Emergency Management Agency (FEMA) announced a new initiative called Project Impact. The initiative was designed to make communities more resistant and resilient to the disruption and disaster associated with natural hazards. One of the pilot communities was Wilmington/New...