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Persistent link: https://www.econbiz.de/10012418822
This essay suggests concrete ways in which the UN Ambassador-designate John Bolton can help reshape the UN to promote President Bush's worthy goal of greater freedom and democracy around the world. Although freedom appears to be on the march in the middle East and elsewhere, the UN Security...
Persistent link: https://www.econbiz.de/10014066148
We present a fundamentally unique method of nonparametric regression using clusters and test it against classically established methods. We compare two nonlinear regression estimation packages called ‘NNS', Viole (NNS: nonlinear nonparametric statistics, 2016), and ‘np', Hayfield and Racine...
Persistent link: https://www.econbiz.de/10012967797
Since testing for COVID-19 infections is not at all randomized over the general population, most epidemiological model forecasts of deaths are subject to `selection bias.' This paper updates and supplements Vinod and Theiss (2020), where the bias correction using generalized linear models (GLM)...
Persistent link: https://www.econbiz.de/10012828832
The R package for maximum entropy bootstrap (meboot) is widely used for numerous applications involving statistical inference for time series data without having to do differencing or de-trending. We report some simulations confirming its effectiveness. It has been used for simulating time...
Persistent link: https://www.econbiz.de/10012831864
A failure in providing human rights is generally due to at least four factors: bad governance, vested interests, cultural factors and poverty. We cannot eliminate human rights violations without a local countervailing power sustained by good governance. Local entrepreneurs, who are essential for...
Persistent link: https://www.econbiz.de/10012735175
Congress must be applauded for the corporate governance reforms enacted in Sarbanes-Oxley Act of 2002, although some areas involving Banks and Brokerage houses need further reform. This paper argues that we need to cancel the spirit of the 1999 repeal of the 1933 Glass-Steagall Act by forcing...
Persistent link: https://www.econbiz.de/10012740894
Many of us in the anticorruption community have been calling for better enforcement of quot;Conflict of Interestquot; provisions of existing laws, ban on shell corporations, especially those in money laundering havens. It is clear that if these had been followed, Enron fraud might have been...
Persistent link: https://www.econbiz.de/10012741528
In this paper we examine estimation risk in the well-known Morningstar mutual fund star rating system. We show that due to using a system that rates funds regardless of age differences, Morningstar has created a situation where the estimates upon which younger funds ratings are based have...
Persistent link: https://www.econbiz.de/10012742376
This paper addresses three rarely examined empirical issues relating to corporate boards using a sample of 157 firms over the period 1974 to 1983. First, various effects of increasing the proportion of quot;outsidersquot; on the board of directors are examined. We utilize survival (or...
Persistent link: https://www.econbiz.de/10012744106