Recent studies suggest that the correlation of stock returnsincreases with decreasing geographical distance. However, there is some debateon the appropriate methodology for measuring the effects of distanceon correlation. We modify a regression approach suggested in the literatureand complement...

Recent studies suggest that the correlation of stock returns increases with decreasing geographical distance. However, there is some debate on the appropriate methodology for measuring the effects of distance on correlation. We modify a regression approach suggested in the literature and...

Abstract We show how regional prediction of car insurance risks can be improved for finer subregions by combining explanatory modeling with phenomenological models from industrial practice. Motivated by the control-variates technique, we propose a suitable combined predictor when claims data...

Recent studies suggest that the correlation of stock returns increases with decreasing geographical distance. However, there is some debate on the appropriate methodology for measuring the effects of distance on correlation. We modify a regression approach suggested in the literature and...