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(Glaucomys sabrinus (Shaw)). Testing and updating BBNs, especially with peer review and calibration, are essential to ensure …
Persistent link: https://www.econbiz.de/10009429552
Research has suggested that outcome feedback is less effective than other forms of feedback in promoting learning by users of decision support systems. However, if circumstances can be identified where the effectiveness of outcome feedback can be improved, this offers considerable advantages,...
Persistent link: https://www.econbiz.de/10009435352
' confidence and improves forecast accuracy. The calibration of the confidence intervals was not affected by the stocks' volatility …
Persistent link: https://www.econbiz.de/10009440694
part of HFCS. We apply the calibration method of Blanchet, Flores and Morgan (2022), but propose a new way to determine the … merging point where the calibration starts. Calibrated weights are then used with HFCS wealth values. We test the method on … Austrian data and find that calibration increases the top 1 % wealth share from 26 % to 37 % in 2014 and from 23 % to 27 % in …
Persistent link: https://www.econbiz.de/10013394377
There has so far been no shared understanding of validity in agent-based simulation. We here conceptualise validation as systematically substantiating the premises on which conclusions from simulation analysis for a particular modelling context are built. Given such a systematic perspective,...
Persistent link: https://www.econbiz.de/10013438607
the question of their optimal calibration. Drawing on county-level panel data from Germany spanning 2014–2021, this paper …
Persistent link: https://www.econbiz.de/10014281561
We present the Generalized Gamma (GG) distribution as a possible risk neutral distribution (RND) for modeling European options prices under Heston's stochastic volatility (SV) model. We demonstrate that under a particular reparametrization, this distribution, which is a member of the...
Persistent link: https://www.econbiz.de/10014332439
Household surveys provide information on both person‐level and household‐level characteristics. To ensure consistent estimates between both levels, statistical offices often use integrated weights that are equal for all persons within a household and the household itself. However, these...
Persistent link: https://www.econbiz.de/10014485794
The paper explores the relationship between various orderings among probability forecasts that have been suggested in the literature. It is shown that well calibrated forecasters are in general not comparable according to the domination ordering suggested by Vardeman and Meeden (1983), that the...
Persistent link: https://www.econbiz.de/10010316440
- and BAT-values. This paper deals with the calibration, which is indispensable to determine the decline of atmospheric …
Persistent link: https://www.econbiz.de/10010316648