The evolution of the yields of different maturities is related and can be described by a reduced number of commom latent factors. Multifactor interest rate models of the finance literature, common factor models of the time series literature and others use this property. Each model has advantages...

Fundamental education is mainly provided by municipalities according to a decentralized model in which local management transforms resources transferred by the federal government into educational results that are centrally monitored. This mode of operation is conducive to the evaluation of...

We propose a management tool to identify groups of public schools that have similar standards of performance and therefore need similar support and guidance.The student's result is measured with the "Prova Brasil" (PB) for mathematics and for Portuguese language, and with an indicator of the...