We show that a lower bound for covariance of min(X 1 , X 2) and max(X 1 , X 2) is cov (X 1 , X 2) and an upper bound for variance of min(X 2 , max(X, X 1)) is var (X) + var (X 1) + var (X 2) generalizing previous results. We also characterize the cases where these bounds are sharp.

Purpose of the paper The Basel Committee regulations require the estimation of Value-at-Risk at 99% confidence level for a 10-trading-day-ahead forecasting horizon. The paper provides a multivariate modelling framework for multi-period VaR estimates for leptokurtic and asymmetrically distributed real-estate portfolio returns. The purpose of the paper is to estimate accurate 10-day-ahead 99% VaR...

BACKGROUND AND AIMS The popular hybrid orchid Vanda Miss Joaquim was made Singapore's national flower in 1981. It was originally described in the Gardeners' Chronicle in 1893, as a cross between Vanda hookeriana and Vanda teres. However, no record had been kept as to which parent contributed the pollen. This study was conducted using DNA barcoding techniques to determine the pod parent of V. Mi...

The chiefly Holarctic Hydrobius species complex (Coleoptera, Hydrophilidae) currently consists of Hydrobius arcticus Kuwert, 1890, and three morphological variants of Hydrobius fuscipes (Linnaeus, 1758): var. fuscipes, var. rottenbergii and var. subrotundus in northern Europe. Here molecular and morphological data are used to test the species boundaries in this species complex. Three gene segme...

In this paper we prove a discrete version of Tanaka’s Theorem [19] for the Hardy-Littlewood maximal operator in dimension n = 1, both in the non-centered and centered cases. For the non-centered maximal operator f M we prove that, given a function f : Z→ R of bounded variation, Var(f Mf) ≤ Var(f), where Var(f) represents the total variation of f . For the centered maximal operator M we prove th...

Building on Koop, Pesaran and Potter (1996), we propose the `generalized' impulse response analysis for unrestricted vector autoregressive (VAR) and cointegrated VAR models. Unlike the traditional impulse response analysis, our approach does not require orthogonalization of shocks and is invariant to the ordering of the variables in the VAR. The approach is also used in the construction of orde...

This study extends the existing forecasting accuracy debate in the tourism literature by examining the forecasting performance of various vector autoregressive (VAR) models. In particular, this study seeks to ascertain whether the introduction of the Bayesian restrictions (priors) to the unrestricted VAR process would lead to an improvement in forecasting performance in terms of achieving a hig...

The alkaloid composition of the aerial parts of two taxa of Teline maderensis was studied by capillary GLC and GLC-MS. N-Methylcytisine was the major alkaloid found in both plants. Contents of cytisine and lupanine were higher in T. maderensis var. paivae while anagyrine content was more pronounced in T. maderensis var. maderensis. The alkaloids dehydrocytisine, N-acetylcytisine and epibaptifol...

This paper proposes a Vector Autoregressive (VAR) model as a new technique for missing feature reconstruction in ASR. We model the spectral features using multiple VAR models. A VAR model predicts missing features as a linear function of a block of feature frames. We also propose two schemes for VAR training and testing. The experiments on AURORA-2 database have validated the modeling methodolo...

A pooled analysis was conducted of 1257 toddlers who received a fourth dose of Haemophilus influenzae type b-Neisseria meningitidis serogroups C and Y-tetanus toxoid conjugate vaccine (HibMenCY-TT) or Hib conjugate vaccine (Hib polysaccharide conjugated to N. meningitidis outer membrane protein) coadministered with measles-mumps-rubella (MMR) and varicella (VAR) vaccines (NCT00134719/NCT0028978...