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Bayesian extreme value analysis was used to forecast the optimal point in agricultural commodity futures prices in the United States for cocoa, coffee, corn, soybeans and wheat. Data were collected daily between 2000 and 2020. The estimation of extreme value can be empirically interpreted as...
Persistent link: https://www.econbiz.de/10013199768
This paper proposes a new combined semiparametric estimator of the conditional variance that takes the product of a parametric estimator and a nonparametric estimator based on machine learning. A popular kernel-based machine learning algorithm, known as the kernel-regularized least squares...
Persistent link: https://www.econbiz.de/10013201342
growth. This paper utilized a quarterly time series data for the period 1981 - 2009 to estimate a threshold level of … inflation for Nigeria. Using a threshold regression model developed by Khan and Senhadji (2001), the study estimated a threshold … inflation level of 13 per cent for Nigeria. Below the threshold level, inflation has a mild effect on economic activities, while …
Persistent link: https://www.econbiz.de/10011482569
Sri Lanka's Termination of Employment of Workmen Act (TEWA) requires that firms with 15 or more workers justify layoffs and provide generous severance pay to displaced workers, with smaller firms being exempted. Although formally subject to TEWA, firms in Export Promotion Zones (EPZs) do not...
Persistent link: https://www.econbiz.de/10012018481
The appropriate choice of a threshold level, which separates the tails of the probability distribution of a random …
Persistent link: https://www.econbiz.de/10013200739
This paper proposes a variant of a threshold stochastic conditional duration (TSCD) model for financial data at the … transaction level. It assumes that the innovations of the duration process follow a threshold distribution with a positive support …
Persistent link: https://www.econbiz.de/10012611110
threshold of financial development must be reached before it can positively contribute to the growth of the industrial sector …
Persistent link: https://www.econbiz.de/10014001367
inflation threshold of 16.4% with considerable inflation accommodation instead of targeting it. We question the logic behind the … period, the estimated inflation threshold and the structure of the Ghanaian economy raise questions of feasibility of …
Persistent link: https://www.econbiz.de/10014001437
selection model of ticket economy model and region-wide tourism model. Each tourist area has a threshold value of scenic spots …. When the number of scenic spots exceeds the threshold value, it is more beneficial for regional development to choose the … the factors affecting the threshold value, there is a negative correlation between the threshold value and tourists …
Persistent link: https://www.econbiz.de/10014465830
firm profitability (FP). As well as checking whether there is a financial leverage threshold in the decision on working … capital, thereby assessing the change in the impact of working capital on corporate profits with a defined threshold. Through … Reuters (2021), The study uses Hansen's (1999) threshold estimate (fixed-effects panel threshold model) to determine the …
Persistent link: https://www.econbiz.de/10014505575