Abstract Multivariate Bayesian linear regression (MBLR) is a popular statistical tool with many applications in variety of scientific fields. However, shortcoming potential model over-complexity, as the assumes that all responses depend on same covariates and errors are mutually pairwise correlated. The class seemingly unrelated (SUR) models generalizes MBLR by allowing for response-specific co...

When stock markets are less liquid or illiquid, investors expected to require compensation for taking the risk of not being able sell quickly. Many studies have documented existence co-movements (commonality) market liquidity in equity as a priced factor. The primary objective this paper is introduce oil potential source commonality liquidity. We hypothesize that conditions specific can contrib...

Understanding the impact of various factors on train arrival delays is a prerequisite for effective railway traffic operating control and management. Existing studies analyze delay using single, generic regression equation, restricting their capability in accounting heterogeneous impacts spatiotemporal as travels along its route. The paper proposes set equations conditional location analyzing a...