The rapid transformation of the socioeconomic, political, and technological context predetermines changes in the expectations for higher education institutions that face numerous profound challenges. In order to survive and develop under changing conditions, universities need to drastically...

This paper shows analytically that the basis between spot and futures contracts contains information about future returns of securities across the asset classes of commodities, equity indices, fixed income and foreign exchange. The bases in commodities are positively correlated with a leading...

We propose a computationally efficient method to construct nonparametric, heteroskedastic prediction bands for uncertainty quantification, with or without any user-specified predictive model. The data-adaptive prediction band is universally applicable with minimal distributional assumptions,...