Objective: The objective of this article is to estimate the impact of the application of the bilateral agreement of Free Movement of Persons between Switzerland and the EU-15 countries on the labour market outcomes in the Swiss main construction sector. The analysis happens in the context of...

This paper uses different approaches to determine the contribution of internal policies and external factors on the good performance of the Bolivian economy in the recent past. It is demonstrated that the extremely favorable external conditions are mainly responsible for its bonanza, and that...

This paper develops a framework for evaluating the importance of the arrival of new information for forecasting, estimation, and decision making. By fusing known and recently developed statistical tests and concepts, the paper provides guidelines for detecting outliers, influential observations,...

The confirmed approach to choosing the number of principal components for prediction models includes exploring the contribution of each principal component to the total variance of the target variable. A combination of possible important principal components can be chosen to explain a big part...

Background: The bootstrap can be alternative to cross-validation as a training/test set splitting method since it minimizes the computing time in classification problems in comparison to the tenfold cross-validation. Objectives: Тhis research investigates what proportion should be used to split...

This paper examines the impact of the fourth partial revision of the law of unemployment insurance (AVIG) on unemployment dynamics in Switzerland at a cantonal level. The authors apply the Synthetic Control Method (SCM), a matching method for comparative case studies. A counterfactual analysis...

In this research, we propose the bootstrap procedure as a method for train/test splitting in machine learning algorithms for classification. We show that this resampling method can be a reliable alternative to cross validation and repeated random test/train splitting algorithms. The bootstrap...