The issue of compatibility of athletics and academics has led to much concern over the observed disparity in graduation rates of scholarship athletes across institutions. It is ironic that no one mentions that graduation rates for nonathletes also vary dramatically across campuses. Our approach...

Conditional quantile estimation is an essential ingredient in modern risk management. Although GARCH processes have proven highly successful in modeling financial data it is generally recognized that it would be useful to consider a broader class of processes capable of representing more...