Showing 1 - 10 of 1,012
An incomplete manuscript on Statistics for economists.
Persistent link: https://www.econbiz.de/10015217102
The purpose of this paper is twofold: 1) to highlight the widely ignored but fundamental problem of ‘superpopulations’ for the use of inferential statistics in development studies. We do not to dwell on this problem however as it has been sufficiently discussed in older papers by...
Persistent link: https://www.econbiz.de/10015226259
The present work corroborates the existence of two anomalies that question the hypothesis of efficient markets in the Chilean stock market, these are the “effect weekend” or “effect monday” and the “effect month end”. Using the daily values of closing of stock-exchange index IPSA,...
Persistent link: https://www.econbiz.de/10015227925
For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the Michigan Survey. While these measures have been useful in developing models of forecasting inflation, the data are low frequency...
Persistent link: https://www.econbiz.de/10015230546
Active Management, this paper describes a method to identify such points. We construct a Chow-Test for the identification of …
Persistent link: https://www.econbiz.de/10015232555
We conduct a Monte Carlo study of the global regularity properties of the Normalized Quadratic model. We particularly investigate monotonicity violations, as well as the performance of methods of locally and globally imposing curvature. We find that monotonicity violations are especially likely...
Persistent link: https://www.econbiz.de/10015233542
We examine the accuracy of survey-based expectations of the Chilean exchange rate relative to the US dollar. Our out-of-sample analysis reveals that survey-based forecasts outperform the Driftless Random Walk (DRW) in terms of Mean Squared Prediction Error at several forecasting horizons. This...
Persistent link: https://www.econbiz.de/10015262273
In this study, we compare the Hodrick-Prescott Filter technique concerning the Fractional filtering technique, which has recently started to be used in various applied sciences, i.e., physics, engineering, and biology. We apply these filtering techniques to the quarterly GDP data of Turkey,...
Persistent link: https://www.econbiz.de/10015265703
In this paper we show that the exchange rates of some commodity exporter countries have the ability to predict the price of spot and future contracts of aluminum. This is shown with both in-sample and out-of-sample analyses. The theoretical underpinning of these results relies on the...
Persistent link: https://www.econbiz.de/10015265738
The purpose of this paper is to investigate the fundamental causes that help us understand why the Black community is the racial and ethnic group that is the least well-treated among all minority groups by the police. Many studies have argued that the racial bias of the police towards Blacks is...
Persistent link: https://www.econbiz.de/10015267443