This paper has examined the Samuelson’s hypothesis which states that the price volatility increases as the contract nears its maturity. It has also examined the BCSS hypothesis which provides that negative covariance between the spot price and net cost of carry explains the maturity...

Regression models play a dominant role in analyzing several data sets arising from areas like agricultural experiment, space experiment, biological experiment, financial modeling, etc. One of the major strings in developing the regression models is the assumption of the distribution of the error...