In the era of Basel II a powerful tool for bankruptcy prognosis is vital for banks. The tool must be precise but also easily adaptable to the bank's objections regarding the relation of false acceptances (Type I error) and false rejections (Type II error). We explore the suitability of Smooth...

In the era of Basel II a powerful tool for bankruptcy prognosis is vital for banks. The tool must be precise but also easily adaptable to the bank's objections regarding the relation of false acceptances (Type I error) and false rejections (Type II error). We explore the suitability of Smooth...

The potential of solar energy is far higher than any other renewable source, although several limits exist. In detail the fundamental factors that must be analyzed by investors and policy makers are the cost-effectiveness and the production of PV power plants, respectively, for the decision of...

We prove new error estimates for the Longstaff–Schwartz algorithm. We establish an <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$O(\log^{\frac{1}{2}}(N)N^{-\frac{1}{2}})$</EquationSource> </InlineEquation> convergence rate for the expected L <Superscript>2</Superscript> sample error of this algorithm (where N is the number of Monte Carlo sample paths), whenever the approximation architecture of...</superscript></equationsource></inlineequation>

Cyanobacteria also known as blue-green algae can be found in almost every conceivable environment. Cyanobacteria blooms occur frequently and globally in water bodies and they are a major concern in terms of their effects on other species such as plants, fish and other microorganisms, but...

The purpose of this work is to introduce one of the most promising among recently developed statistical techniques – the support vector machine (SVM) – to corporate bankruptcy analysis. An SVM is implemented for analysing such predictors as financial ratios. A method of adapting it to...