This paper aims to introduce a nonlinear model to forecast macroeconomic time series using a large number of predictors. The technique used to summarize the predictors in a small number of variables is Principal Component Analysis (PC), while the method used to capture nonlinearity is artificial...

This paper aims to introduce a nonlinear model to forecast macroeconomic time series using a large number of predictors. The technique used to summarize the predictors in a small number of variables is Principal Component Analysis (PC), while the method used to capture nonlinearity is artificial...

Ever since the Asian Financial Crisis, concerns have risen over whether policy-makers have sufficient tools to maintain financial stability. The ability to predict financial disturbances enables the authorities to take precautionary action to minimize their impact. In this context, the...

The Black-Scholes pricing errors are larger in the deeper out-of-the-money options relative to the near out-of-the-money options, and mispricing worsens with increased volatility. Our results indicate that the Black-Scholes model is not the proper pricing tool in high volatility situations...

Artificial neural networks (ANNs) show a significant ability to discover patterns in data that are too obscure to go through standard statistical methods. Data of natural phenomena usually exhibit significantly unpredictable non-linearity, but the robust behavior of a neural network makes it...

Rock burst is one of the common failures in hard rock mining and civil construction. This study focuses on the prediction of rock burst classification with case instances using cloud models and attribution weight. First, cloud models are introduced briefly related to the rock burst...

Lake Van in eastern Turkey has been subject to water level rise during the last decade and, consequently, the low-lying areas along the shore are inundated, giving problems to local administrators, governmental officials, irrigation activities and to people's property. Therefore, forecasting...

River stage forecasting is an important issue in water resources management and real-time prediction of extreme floods. The present study investigates the performance of the wavelet regression (WR) technique in daily river stage forecasting. The WR model was improved combining two methods,...

The assessment of water resources in a region usually must cope with a general lack of data, both in time (short observed series) as well as in space (ungauged basins). Such a lack of data is generally overcome by combining rainfall–runoff models with regionalization techniques in order to...

This paper presents a survey of simulation and optimization modeling approaches used in reservoir systems operation problems. Optimization methods have been proved of much importance when used with simulation modeling and the two approaches when combined give the best results. The main objective...