Dr. Michaud responds to the Fletcher and Hillier article (2001) that compared the performance of mean variance efficient asset allocations to resampled efficient asset allocations by means of a back test

Cette communication met en évidence l'imbrication de phases d'élaboration individuelles et collectives dans un processus de jugement complexe et à fort contenu de connaissances : la revue d'articles par les pairs dans une revue scientifique. Un modèle est proposé qui illustre...

This tutorial explains the basics of linear regression models. especially low-order polynomials. and the corresponding statistical designs. namely, designs of resolution III, IV, V, and Central Composite Designs (CCDs).This tutorial assumes 'white noise', which means that the residuals of the...

Forecast models with large cross-sections are often subject to overparameterization leading to unstable parameter estimates and hence inaccurate forecasts. Recent articlessuggest that a large Bayesian vector autoregression (BVAR) with sufficient prior information dominates competing approaches....

Given that structural labor supply models continue to play a key role in the process of policy design, it is important to validate their capacity to provide reasonable predictions of alternative hypothetical policy options. Comparing outcomes before and after a realized policy change (such as a...

Nonparametric density estimation is of great importance when econometricians want to model the probabilistic or stochastic structure of a data set. This comprehensive review summarizes the most important theoretical aspects of kernel density estimation and provides an extensive description of...

This toolkit provides a practical guide to collecting, validating, and reporting Medicaid managed care encounter data.