In this paper, we investigate the finite sample performance of four kernel-based estimators that are currently available for additive non-parametric regression models—the classic backfitting estimator (CBE), the smooth backfitting estimator, the marginal integration estimator, and two versions...

Purpose: With the development and increasing adoption of the Internet in the early 21st century, SSTs (Self-Service Technologies) rapidly permeated all aspects of life. Many service providers in China are adopting a wide range of SSTs. This is mainly because they think SSTs improve customer...

ABSTRACT We investigate the realized volatility forecast of stock indices under the structural breaks. We utilize a pure multiple mean break model to identify the possibility of structural breaks in the daily realized volatility series by employing the intraday high‐frequency data of the...

A simulation model consisting of wind speed, wind turbine and AA-CAES (advanced adiabatic compressed air energy storage) system is developed in this paper, and thermodynamic analysis on energy conversion and transfer in hybrid system is carried out. The impacts of stable wind speed and unstable...

We investigate the properties of the realized volatility in Chinese stock markets by employing the high-frequency data of Shanghai Stock Exchange Composite Index and four individual stocks from Shanghai Stock Exchange and Shenzhen Stock Exchange, and find that the volatility exhibits the...

Microeconomic applications of semi-parametric models with an endogenous variable have been largely ignored. Recognizing spatial heterogeneity captured by semi-parametric cost function models can impact economies of scale estimates. We estimate several cost function models, using panel data for...