This paper shows analytically that the basis between spot and futures contracts contains information about future returns of securities across the asset classes of commodities, equity indices, fixed income and foreign exchange. The bases in commodities are positively correlated with a leading...

We propose a computationally efficient method to construct nonparametric, heteroskedastic prediction bands for uncertainty quantification, with or without any user-specified predictive model. The data-adaptive prediction band is universally applicable with minimal distributional assumptions,...

We analyze a data set composed of academic records of undergraduates at the University of Oregon from 2000-2004. We find correlations of roughly 0.35 to 0.5 between SAT scores and upper division, in-major GPA (henceforth, GPA). Interestingly, low SAT scores do not preclude high performance in...