In this paper we introduce a new way to estimate the spot volatility of high frequency foreign exchange data using the Hilbert-Huang Transform. We also propose and test a consistent spot volatility estimate in the presence of microstructure noise. The problem of assessing the validity of latent...

This paper comprises an empirical analysis of trading-restricted, business days and trading, non-business days on the Australian Stock Exchange (ASX). Trading-restricted, business days refer to days where trading hours are shorter but business activity (including settlement) is normal; trading,...

Roads are assets vital to the economies of nations, particularly those with such low population density as Australia and New Zealand. The quality of road construction is of great importance. The application of statistical techniques to determining whether the construction of road pavement is...