Multifactor Market Indexes

Fractional integration in daily stock market indexes

I use parametric and semiparametric methods to test for the order of integration in stock market indexes. The results, which are based on the EOE (Amsterdam), DAX (Frankfurt), Hang Seng (Hong Kong), FTSE100 (London), S&P500 (New York), CAC40 (Paris), Singapore All Shares, and the Japanese Nikkei, show that in almost all of the series the unit root hypothesis cannot be rejected. The Hang Seng an...

Multifactor Error Structure

Multifactor Biometric Sketch Authentication

In this paper we propose a multifactor biometric sketch authentication method based on biometric sketch recognition and a user’s personal knowledge about the sketch‘s content, which is negotiated between the biometric authentication system and the user during enrollment. The used sketch recognition algorithm is based on the active shape structural model (ASSM) for analyzing the structural varia...

analysis of competitive assessment indexes in electricity market of iran

the experience of countries that have liberalized their electricity markets has shown that the assumption that markets will naturally produce a competitive result is not always justified. the most important concern refers to the changes of demand and price which result in providers’ mistreatment. market power is typically defined as the ability to profitably alter prices away from competitive l...

Multifactor Authentication for Software Protection

Software protection is a mechanism to make software systems more difficult (or impossible) to be accessed by attackers. Such mechanisms are gaining more importance nowadays for increasing number of attacks on the software systems in the large internet networked environment. Hence, in this paper, two schemes are proposed to achieve effective software protection tools. They are based on the use o...