This paper evaluates the out-of-sample forecasting accuracy of eleven models for monthly volatility in fifteen stock markets. Volatility is defined as within-month standard deviation of continuously compounded daily returns on the stock market index of each country for the ten-year period 1988 to 1997. The first half of the sample is retained for the estimation of parameters while the second ha...

meteorological stations usually contain some missing data for different reasons.there are several traditional methods for completing data, among them bivariate and multivariate linear and non-linear correlation analysis, double mass curve, ratio and difference methods, moving average and probability density functions are commonly used. in this paper a blended model comprising the bivariate expo...

Traditional computerised inventory control systems usually rely on exponential smoothing to forecast the demand for fast moving inventories. Practices in relation to slow moving inventories are more varied, but the Croston method is often used. It is an adaptation of exponential smoothing that 1) incorporates a Bernoulli process to capture the sporadic nature of demand and 2) allows the average...

The general assumption for designing a multivariate control chart is that the multiple variables are independent and normally distributed. This may not be tenable in many practical situations, because with dependency often need to monitored simultaneously ensure process in-control. Gumbel’s Bivariate Exponential (GBE) distribution considered better model skewed data reliability analysis. In thi...

One of the areas producing creative industries in Bali is Tabanan Regency which produces form pottery. In community, earthenware products are usually known objects that function as containers, for example flower vases, pots, barrels, jugs, jars and so on. Sales pottery at UD company. Amerta Sedana every month experiences erratic fluctuations. planning sales, company only estimates number sales ...