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In this paper we examine the interaction between data transformation and the empirical evidence obtained when testing for (non-)linearity. For this purpose we examine nonlinear features in 64 monthly and 53 quarterly US macroeconomic variables for a range of Box-Cox data transformations. Our...
Persistent link: https://www.econbiz.de/10010731834
Accurate prediction of medical operation times is of crucial importance for cost efficient operation room planning in hospitals. This paper investigates the possible dependence of procedure times on surgeon factors like age, experience, gender, and team composition. The effect of these factors...
Persistent link: https://www.econbiz.de/10010731835
Behaviours provide an elegant, parameter free characterization of deterministic systems. We discuss a possible application of behaviours in the approximation of stochastic systems. This can be seen as an extension to the dynamic case of the well-known static factor analysis model. An essential...
Persistent link: https://www.econbiz.de/10010731836
In this article we give an overview of the relation between planning of maintenance and production. On the one hand we consider production planning and scheduling models in which failures and maintenance aspects are taken into account. Next we discuss the planning of maintenance activities, for...
Persistent link: https://www.econbiz.de/10010731837
Stronger competition together with the development of new technologies have forced the Telecom Service Providers (TSP's) in the Netherlands to look for sophisticated optimisation methods to reduce the costs of their communication services especially for new areas such as the application of fibre...
Persistent link: https://www.econbiz.de/10010731838
We propose a novel statistic to test the rank of a matrix. The rank statistic overcomes deficiencies of existing rank statistics, like: necessity of a Kronecker covariance matrix for the canonical correlation rank statistic of Anderson (1951), sensitivity to the ordering of the variables for the...
Persistent link: https://www.econbiz.de/10010731839
The interest in business cycle asymmetry has been steadily increasing over the last fifteen years. Most research has focused on the different behaviour of macroeconomic variables during expansions and contractions, which by now is well documented. Recent evidence suggests that such a two-phase...
Persistent link: https://www.econbiz.de/10010731840
Stylized facts show that average growth rates of US per capita consumption and income differ in recession and expansion periods. Since a linear combination of such series does not have to be a constant mean process, standard cointegration analysis between the variables to examine the permanent...
Persistent link: https://www.econbiz.de/10010731841
When customers are classified into ordered categories, which are defined from the outset, it may happen that the majority belongs to a single category. If a market researcher is interested in the correlation between the classification and individual characteristics, the natural question is...
Persistent link: https://www.econbiz.de/10010731842
With the advent of one-to-one marketing media, e.g. targeted direct mail or internet marketing, the opportunities to develop targeted marketing campaigns are enhanced in such a way that it is now both organizationally and economically feasible to profitably support a substantially larger number...
Persistent link: https://www.econbiz.de/10010731843