The purpose of this paper is the theoretical and empirical comparison of alternative GARCH-in-mean models. We examine three GARCH specifications: Bollerslev's (1986) GARCH model, Taylor (1986) - Schwert's (1989) GARCH model, and Nelson's (1991) Exponential GARCH model. In addition, we employ...

This paper considers the moment structure of the general ARMA--EGARCH model. In particular, we derive the autocorrelation function of any positive integer power of the squared errors. In addition, we obtain the autocorrelations of the squares of the observed process and cross correlations...

Failure of a pipe or valve in a water distribution system causes service disruption and other inconveniences to the customers at or downstream of the failure location. To minimize the impact of such a pipe or valve failure, it is crucial to identify those pipes or valves whose failure will have...

It is proposed that electric power can be generated from wind by pulling a ship. A parafoil pulls and tows a ship. Electrical power is generated by hydraulic turbines installed on the ship below the water line. The electric power generated is expended onboard to electrolyze water to produce...