This article discusses the question of whether significance tests on simulation results are meaningful at all. It is also argued that it is the effect size much more than the existence of the effect is what matters. It is the description of the distribution function of the stochastic process...

The present research work proposes a mathematical model of thermal power plant to analyse its performance through reliability measures. Evaluation of reliability measure for thermal power plant is a complex process. The thermal power plant is modelled using Markov process and explored the...

This paper applies non-linear methods to analyze and predict the daily VIX index which is one of the most important stock indexes in the world. The aim of the analysis is to quantitatively show if the corresponding time series is a deterministic chaotic one and if one or more days ahead...