In Bayesian theory, the data together with the prior produce a posterior. We show that it is also possible to follow … (which is not observable). We then apply the theory to equilibrium climate sensitivity as reported by the Intergovernmental … data contain much less information than one might think, due to the presence of correlation. We conclude that the prior in …

correlation among them. More specific, we are trying to distinguish the relationship between Greece's stock market and the most … important stock markets in Europe, USA and Asia. Moreover, after finding out the correlation between these markets, we try to …

dynamic leverage mechanism. The correlation-adjusted variant outperforms the naive implementation of the strategy and the …

A new test for constant correlation is proposed. Based on the bivariate Student-t distribution, this test is derived as … & Rouwenhorst, 2005) specify the unknown correlations as piecewise constant, our model-setup for the correlation coefficient is … correlation ; trigonometric functions …