We analyze multivariate binary time series using a mixed parameterization in terms of the conditional expectations given the past and the pairwise canonical interactions among contemporaneous variables. This allows consistent inference on the influence of past variables even if the...

In den unterschiedlichsten Teilgebieten der Wirtschaftswissenschaften erfreuen sich statistische Methoden aufgrund der stetig steigenden Komplexität der Fragestellungen immer grösserer Beliebtheit. In der Disziplin des quantitativen Marketings können hochentwickelte Methoden den nötigen...

The dichotomous characterization of the business cycle in recessions and expansions has been central in the literature over the last fifty years. However, there are various reasons to question the adequacy of this dichotomous approach for our understanding of business cycle dynamics, as well as...