This paper proposes a probit regression with autocorrelated errors (PAR) to estimate the reaction function of monetary policy in Taiwan using newly constructed binary monetary indicators. We develop a practical sampling scheme via the Gibbs sampling algorithm with data augmentation to make...

This paper proposes a probit regression with autocorrelated errors (PAR) to estimate the reaction function of monetary policy in Taiwan using newly constructed binary monetary indicators. We develop a practical sampling scheme via the Gibbs sampling algorithm with data augmentation to make...

Non-hierarchical cluster analysis for panel data is known to be hampered by structural preservation, computational complexity and efficiency, and dependency problems. Resolving these issues becomes increasingly important as efficient collection and maintenance of panel data make application more...

Previous work on coevolutionary search has demonstrated both successful and unsuccessful applications. As a step in explaining what factors lead to success or failure, we present a comparative study of an evolutionary and a coevolutionary search model. In the latter model, strategies for solving...

En este trabajo se analiza un caso particular del Periodic Vehicle Routing Problem, (PVRP), planteado recientemente a los autores de este trabajo por los directivos de una empresa logística. Una empresa fabricante de componentes de automóviles recoge diferentes piezas, que utiliza como...

A simple transform of a standard uniform variate is given for simulation of the maximum attained by a Wiener process with drift, conditioned upon the level attained by the process over an arbitrary time interval. The transform arises directly from inversion of the joint distribution function of...

This paper rectifies a design problem in the Santa Fe Artificial Stock Market Model. Due to a faulty mutation operator, the resulting bit distribution in the classifier system was systematically upwardly biased, thus suggesting increased levels of technical trading for smaller GA-invocation...