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Estimation of the Pareto tail index from extreme order statistics is an important problem in many settings. The upper tail of the distribution, where data are sparse, is typically fitted with a model, such as the Pareto model, from which quantities such as probabilities associated with extreme...
Persistent link: https://www.econbiz.de/10013130229
We propose a model based on statistical learning techniques to predict unreported corporate greenhouse gas emissions, which generates considerably better results than existing approaches. The model uses one linear and one non-linear learners only, which reduces its complexity to the minimum...
Persistent link: https://www.econbiz.de/10013294349
This paper uses machine learning to improve the prediction of corporate emissions so that financial regulators and investors can make better decisions about climate transition risk. The need for predictions arises because only a subset of global companies report emissions. The novelty is to use...
Persistent link: https://www.econbiz.de/10014096534
The demographic transition is a phenomenon affecting many industrialized societies. These economies are experiencing a decline in mortality alongside low fertility rates - a situation that puts social security systems under severe pressure. To implement appropriate reform measures, adequate...
Persistent link: https://www.econbiz.de/10012599101
Persistent link: https://www.econbiz.de/10013546626
As countries grapple with the aftermath of climate-related disasters, the disruptions they inflict on domestic consumption ripple through the fabric of income and price level shocks. The income shock emanates from the adverse effects of such disasters on economic agents, leading to both wage and...
Persistent link: https://www.econbiz.de/10015411771
Nowadays, many countries adopt an active agenda to mitigate the impact of greenhouse gas emissions by moving towards less polluting energy generation technologies. The environmental costs, directly or indirectly generated to achieve such a challenging objective, remain however largely...
Persistent link: https://www.econbiz.de/10013020112
Persistent link: https://www.econbiz.de/10013532372
In this paper, an opportunistic predictive maintenance is developed for a system composed one continuous operation component (COC) and one intermittent operation component (IOC). The COC continuously operates in consistent with the system. In contrast, the IOC alternatively works in operation...
Persistent link: https://www.econbiz.de/10014359999