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In this paper, we develop finite-sample inference procedures for stationary and nonstationary autoregressive (AR) models. The method is based on special properties of Markov processes and a split-sample technique. The results on Markovian processes (intercalary independence and truncation) only...
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In this paper, we consider American option contracts when the underlying asset has stochastic dividends and stochastic volatility. We provide a full discussion of the theoretical foundations of American option valuation and exercise boundaries. We show how they depend on the various sources of...
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Le management de la qualité, de la sécurité et de l'environnement (QSE) se développe de plus au sein des organisations. Il est devenu indispensable pour ces dernières qui sont à la recherche de rentabilité en réduisant leurs coûts, et tout en satisfaisant les attentes de leurs clients...
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