We derive analytic expressions for the biases, to O(n-1), of the maximum likelihood estimators of the parameters of the generalized Rayleigh distribution family. Using these expressions to bias-correct the estimators is found to be extremely effective in terms of bias reduction, and generally...

After a disaster, a huge number of homeless victims should be evacuated to temporary resettlement sites. However, because the number of temporary shelters is insufficient, as are shelter building capabilities, victims must be evacuated and resettled in batches. The perceived psychological...

As the energy crisis becomes a greater concern, wind energy, as one of the most promising renewable energy resources, becomes more widely used. Thus, wind energy forecasting plays an important role in wind energy utilization, especially wind speed forecasting, which is a vital component of wind...

Slope of the yield curve has often been cited as an indicator of economic activity. Based on this premise, we extend the study to examine whether one can use the US zero-coupon yield spread to predict excess stock market volatility of three international stock markets - the United States, the...

This paper attempts to answer the question of whether the gain and loss in property market speculations and rate of information flow play a significant role in stock market volatility in Hong Kong. To test for our wealth-volume-volatility hypothesis, two different measures of volatility:...