The Bayesian information criterion (BIC) is one of the most popular criteria for model selection in finite mixture models. However, it implausibly penalizes the complexity of each component using the whole sample size and completely ignores the clustered structure inherent in the data, resulting...

This book examines the Westernization Movement in modern Chinese History, in the latter 19th century and the economic impact on manufacturing and enterprise evolution. It examines the rise, development, and performance of this movement on both the micro and macro-levels. This book reveals...