The purpose of this study is to compare the different empirical models used for estimation of solar radiation on tilted surface. For this, three isotropic and same number of anisotropic sky models were employed by using average monthly mean value of solar radiation on daily basis at Bhopal,...

Backtesting of risk measure estimates is an integral part for an effective risk management. With the growing importance of the Expected Shortfall (ES) to potentially replace the Value at Risk (VaR) as a primary measure for market risk this also calls for suitable backtesting solutions. Although...

The proliferation of agent-based models (ABMs) in recent decades has motivated model practitioners to improve the transparency, replicability, and trust in results derived from ABMs. The complexity of ABMs has risen in stride with advances in computing power and resources, resulting in larger...