We introduce a method that eliminates the specification error and spurious relationships in regression. In addition, we introduce a test of strong causality. Furthermore, hypothesis testing (inference) becomes almost unneeded. Moreover, this method virtually resolves error problems such as...

We overcome a long-standing obstacle in statistics. In doing so, we show that the distribution of the sum of log-normal variables is log-normal. Furthermore, we offer a breakthrough result in finance. In doing so, we introduce a simple, exact and explicit formula for pricing the arithmetic Asian...

We introduce a simple, explicit formula for pricing the Bermudan options. Furthermore, the formula does not require any additional parameter (relative to the European option formula). Moreover, we provide an upper bound for the price

In this paper, we show that the influential Merton jump diffusion model and formula are needlessly cumbersome. In doing so, we provide a simple, explicit formula that doesn't require a computational method. Furthermore, we introduce a new, simple method for solving partial...