Showing 1 - 10 of 29,684
Default prior choices fixing Zellner's g are predominant in the Bayesian Model Averaging literature, but tend to concentrate posterior mass on a tiny set of models. The paper demonstrates this supermodel effect and proposes to address it by a hyper-g prior, whose data-dependent shrinkage adapts...
Persistent link: https://www.econbiz.de/10008559278
An international wheat trade model incorporating climate variability is used to simulate different scenarios when wheat producers in the USA, Canada, and Australia adopt El Niño/Southern Oscillation (ENSO)-based climate forecasts for use in production decisions. Adoption timing and rates are...
Persistent link: https://www.econbiz.de/10009429458
on two alternate data sets, reflecting the effects of increased testing of all elements. It then shows how this … additional testing could be optimized by concentrating only on those elements contained in the low-order fault sets which the …
Persistent link: https://www.econbiz.de/10009435451
perspectives of both research and calibration environments. It presents a history of the development and an overview of the … just as true about calibration or research results as it was in 1968. Why is that true What kind of information should we … these and other questions about uncertainty in research and in calibration. The methodology to be described has been …
Persistent link: https://www.econbiz.de/10009435971
perspectives of both research and calibration environments. It presents a history of the development and an overview of the … is just as true about calibration or research results as it was in 1968. Why is that true? What kind of information … provide answers to these and other questions about uncertainty in research and in calibration. The methodology to be described …
Persistent link: https://www.econbiz.de/10009437210
The current study presents a statistical model for assessing the skill of fire danger indices and for forecasting the distribution of the expected numbers of large fires over a given region and for the upcoming week. The procedure permits development of daily maps that forecast, for the...
Persistent link: https://www.econbiz.de/10009429429
Economic outcomes in Jamaica have fallen short of the authorities’ objectives in recent years. As the government looks to reinvigorate its growth and debt reduction strategy, it is instructive to examine how exogenous shocks and other unanticipated developments can affect economic...
Persistent link: https://www.econbiz.de/10011245592
This paper assesses the performance of three types of commodity price forecasts—those based on judgment, those relying exclusively on historical price data, and those incorporating prices implied by commodity futures. For most of the 15 commodities in the sample, spot and futures prices appear...
Persistent link: https://www.econbiz.de/10005599405
behavior. This complex situation makes it very difficult to accurately implement the prediction of building energy consumption …
Persistent link: https://www.econbiz.de/10010664499
Large-n studies of conflict have produced a large number of statistically significant results but little accurate guidance in terms of anticipating the onset of conflict. The authors argue that too much attention has been paid to finding statistically significant relationships, while too little...
Persistent link: https://www.econbiz.de/10008855383