Bayesian Confirmation Measures can be used in ranking inductive rules obtained as an output when using Association Rules in database mining. Many measures of this kind have been defined and the choice of the right one can be considered as a further challenge to be faced. In this paper we try to...

The combination of experts' probability distributions involved in a due diligence is valuable for encapsulating the accumulated information for decision makers and providing the current state of expert opinion regarding important uncertainties. Therefore, this paper shows how to create and...

The widespread use of the Internet and computer systems has led to a situation where data are available on almost everything. The volume and the level of detail of these data is something we considered to be impossible until a few years ago. Researchers in economics and business now have access...

We contrast two approaches to the prediction of latent variables in the model of factor analysis. The likelihood statistic constitutes the set of minimal sufficient statistics for the unobservables when sampling arises from the exponential family of distributions. Linear predictors on the other...

Develops a robust statistical procedure to analyze the trend in height if the available samples are truncated at the minimum height requirement.

The weekly returns of equities are commonly used in the empirical research to avoid the non-synchronicity of daily data. An empirical analysis is used to show that the statistical properties of a weekly stock returns series strongly depend on the method used to construct this series. Three types...

In the context of globalization, sustainable development is the key to the development of contemporary society and future generations. Sustainability has become a key point for the debates in the political, economic, and academic environment. Therefore, today wehave reached the point when we...

According to a new report of the European Commission, the European area in which one lives can have a considerable influence on the education and on the life perspectives. The report - the first one of this kind – urges the member states of the European Union to undertake more efforts in order...