This paper applies the Model Confidence Set (MCS) procedure of Hansen, Lunde, and Nason (2003) to a set of volatility models. A MCS is analogous to confidence interval of a parameter in the sense that the former contains the best forecasting model with a certain probability. The key to the MCS is that it acknowledges the limitations of the information in the data. The empirical exercise is base...

Population declines have been documented in many species within the genus Neotoma. Eastern woodrat, Neotoma floridana, recovery efforts Shawnee National Forest (SNF), Illinois USA provided an opportunity to study long-term population-level genetic changes following augmentation and reintroduction. We developed 24 microsatellite markers using QDD genotyped 32 eastern woodrats from a single popul...

Distance measures in ordered weighted averaging (OWA) operators allow the modelling of complex decision making problems where a set ideal values or characteristics are required to be met. The objective this paper is introduce extended distance and logarithmic OWA-based especially designed for analysis financial investment options. Based on immediate weights, Bonferroni means operators, we weigh...

Three alternative procedures to adjust significance levels for multiplicity are the traditional Bonferroni technique, a sequential Bonferroni technique developed by Hochberg (1988), and a sequential approach for controlling the false discovery rate proposed by Benjamini and Hochberg (1995). These procedures are illustrated and compared using examples from the National Assessment of Educational ...

In impulse response analysis estimation uncertainty is typically displayed by constructing bands around estimated impulse response functions. These bands may be based on frequentist or Bayesian methods. If they are based on the joint distribution in the Bayesian framework or the joint asymptotic distribution possibly constructed with bootstrap methods in the frequentist framework often individu...

The ordered weighted average (OWA) is an aggregation operator that provides a parameterized family of operators between the minimum and the maximum. This paper presents the OWA weighted average distance operator. The main advantage of this new approach is that it unifies the weighted Hamming distance and the OWA distance in the same formulation and considering the degree of importance that each...

Decision support models for satisfactory restaurants have attracted numerous researchers' attention. Many extant models do not consider the active, neutral and passive information in online reviews all at once. Moreover, they ignore the effect of interdependence among criteria on tourists' decision-making. To cover these defects, this study proposes a restaurant decision support model using soc...