Purpose – It is hard to accurately price a merger or acquisition, primarily as there are psychological factors that impact such pricing. As a result, it is hard for traditional financial models to accurately undertake valuations for merger or acquisition transactions. The purpose of this paper...

Emerging markets equity indexes are usually seen as high return with a high degree of volatility associated with them. However, this should not be the case, if you choose high-quality firms that have increasing returns and lower volatility. The intent of this paper is to introduce the risk...

In a nonparametric setting, the functional form of the relationship between the response variable and the associated predictor variables is assumed to be unknown when data is fitted to the model. Non-parametric regression models can be used for the same types of applications such as estimation,...

In the area of seller-buyer supply chain management, researchers have been very active in seeking optimal policies for both players to achieve a favorable outcome. Most studies are based on somewhat unrealistic assumptions such as deterministic demand and unpermitted shortages. In reality, due...

The analysis of joint probability distributions of rainfall characteristics such as severity and duration is important in water resources management. Deriving their distributions using standard statistical techniques are often problematical due to its complexity. Standard methods usually assume...

This paper presents a novel method for modelling the spatio-temporal movements of tourists at the macro-level using Markov chains methodology. Markov chains are used extensively in modelling random phenomena which results in a sequence of events linked together under the assumption of...