This paper studies estimation of the number and location of modes of the wage distribution. The location of the modes can be used to estimate the cutpoints of the equilibrium wage distribution (Bowlus, Kiefer, and Neumann, 1995) in the presence of measurement error. These cutpoints can be used...

Most of predictive maintenance technologies are inaccessible to small scale and medium scale industries due to their demanding cost. This paper proposes a predictive maintenance policy using failure mode effect and criticality analysis (FMECA) and non-homogeneous Poisson process (NHPP) models...

The least-absolute-deviations (LAD) estimator for a median- regression model does not satisfy the standard conditions for obtaining asymptotic refinements through use of the bootstrap because the LAD objective function is not smooth. This paper overcomes this problem by smoothing the objective...

Particle filtering is a useful statistical tool which can be used to make inference on the latent variables and the structural parameters of state space models by employing it inside MCMC algorithms (Flury and Shephard, 2011). It only relies on two assumptions (Gordon et al, 1993): a: The...

Network-Centric Meaning-Driven Human-Centric AI-Cyber Computing Beyond Data-Driven to Event-Driven Architectures for Quantum Uncertainty, 1995-2023:Building upon the contextual focus of current global worldwide discussions on GPT, ChatGPT, GenAI, Generative AI, Large Language Model - LLMs, we...

This paper uses average monthly returns and linear spline regressions to investigate the relation between expected return and firm size during 1980-1994. We find that the average monthly returns are approximately constant across size deciles. The estimated spline regressions vary substantially...

Many experimental research designs offer participants the opportunity to chat with each other. While experimental research has traditionally treated text as process data, this paper proposes a novel approach to interpret and use chat data in a structured supervised classification task....

Goal: ISO 31000 Risk Management (RM) recently re-defined risk as the effect of uncertainty on an organization's ability to meet the objectives. Earlier, it defined risk as a combination of the probability and scope of the (predicted) consequences. The revised ISO Risk advances beyond a static...