Purpose – This paper aims to extend the Fama and French (FF) three‐factor model in studying time‐varying risk premiums of Sector Select Exchange Traded Funds (ETFs) under a Markov regime‐switching framework. Design/methodology/approach – First, the original FF model is augmented to...

Purpose – The paper aims to propose a novel strategic approach, named a Scorecard‐Markov model, combining an evaluation scorecard and a hidden Markov model (HMM) for new product idea screening (NPIS) decisions. Design/methodology/approach – A scorecard is constructed to evaluate new...

Purpose – The Navy Nurse Corps is part of a team of professionals that provides high quality, economical health care to approximately 700,000 active duty Navy and Marine Corps members, as well as 2.6 million retired and family members. Navy Nurse Corps manpower management efficiency is...

Purpose – This paper seeks to investigate the effect of the PricewaterhouseCoopers (PwC) merger on the market for audit services in the UK. To this end a “what if” analysis is conducted comparing estimated outcomes prior to the merger with those expected under post‐merger conditions....

Purpose – The purpose of this paper is to investigate whether Markov mixture of normals (MMN) model is a viable approach to modeling financial returns. Design/methodology/approach – This paper adopts the full Bayesian estimation approach based on the method of Gibbs sampling, and the latent...