In this article, economic reliability acceptance sampling plan (ERASP) is developed for the Burr type XII distribution when the life test is truncated at pre-specified designed parameters. The minimum termination time is necessary to ensure that the specified life percentile is found under a...

We show that expected returns on US stocks and all major global stock market indices have a particular form of non-linear dependence on previous returns. The expected sign of returns tends to reverse after large price movements and trends tend to continue after small movements. The observed...