In this paper, a new method is proposed for generating families of continuous distributions. A random variable <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$X$$</EquationSource> </InlineEquation>, “the transformer”, is used to transform another random variable <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$T$$</EquationSource> </InlineEquation>, “the transformed”. The resulting family, the <InlineEquation ID="IEq3"> <EquationSource Format="TEX">$$T$$</EquationSource> </InlineEquation>-<InlineEquation ID="IEq4"> <EquationSource Format="TEX">$$X$$</EquationSource> </InlineEquation> family of distributions, has a...</equationsource></inlineequation></equationsource></inlineequation></equationsource></inlineequation></equationsource></inlineequation>

The growing popularity of Individual Retirement Accounts (IRAs) and defined contribution (DC) pension plans, which generally provide benefits in the form of lump sum payments instead of annuities, is likely to affect spending patterns at older ages. People who enter retirement with little of...

This article investigates the merits of high-frequency intraday data when forming mean-variance efficient stock portfolios with daily rebalancing from the individual constituents of the S&P 100 index. We focus on the issue of determining the optimal sampling frequency as judged by the...