We propose a new stochastic volatility model for pricing options on assets that exhibit seasonal trends in volatility. Such assets are prevalent among commodities, with futures on grains and energy being an example. The model is based on the 3/2 stochastic volatility model, but includes a...

Mortality projections are major concerns for public policy, social security and private insurance. This paper implements a Bayesian log-bilinear Poisson regression model to forecast mortality. Computations are carried out using Markov Chain Monte Carlo methods in which the degree of smoothing is...