This research lends insight into the empirical validity of reverse regressions hypothesizing that spot prices today help to predict forward rates in the future. This paper analyzes the possible relationship between wheat futures prices and spot oil prices considering the importance of the...

Purpose – Using data from online guest ratings, the purpose of this paper is to explore how the performance of hotels in terms of various criteria influences loyalty behavior of customers. Design/methodology/approach – Ratings of 333 hotels in the UK were collected from the web site...

Multivariate model validation is a complex decision-making problem involving comparison of multiple correlated quantities, based upon the available information and prior knowledge. This paper presents a Bayesian risk-based decision method for validation assessment of multivariate predictive...

This paper addresses the problem of comparing the fit of latent class and latent trait models when the indicators are binary and the contingency table is sparse. This problem is common in the analysis of data from large surveys, where many items are associated with an unobservable variable. A...

This research is an inter-temporal update of an empirical paper published by Essayyad et al., which is based on work of Loretan and Nardo et al. We continue to employ the same principal component technique, to construct an alternative US Dollar Index to gauge movements in currency markets. The...

Recent advances in Stein’s lemma imply that under elliptically symmetric distributions all rational investors will select a portfolio which lies on Markowitz’ mean–variance efficient frontier. This paper describes extensions to Stein’s lemma for the case when a random vector has the...