As a versatile investment tool in energy markets for speculators and hedgers, the Goldman Sachs Commodity Index (GSCI) futures are quite well known. Therefore, this paper proposes a hybrid model incorporating ARCH family models and ANN model to forecast GSCI futures price. Empirical results show that the hybrid ARCH(1)-M-ANN model is superior to ARIMA, ARCH(1),GARCH(1,1), EGARCH(1,1) and ARIMA-...

The German Economy is not only affected by the Unification of Germany but by a significant influx of immigrants from abroad and huge migration from East to West Germany around the date of unification. Data from the German Socio-Economic Panel Study (GSOEP) allows to disentangle those effects by decomposition of the Theil I (0)-Index of inequality. In addition, the paper offers insights in the t...

The concept of Genealogical Sorting Indexes (GSIs) was first introduced by Cummings et al. [1]. Given a set of observations belonging to different groups (represented in the form of a hierarchial tree), the Genealogical Sorting Index (GSI) value obtained for a particular group provides a quantitative measure of how closely the observations belonging to this group have clustered in the given tre...

With support of GIS tools and Theil index, the spatial variance of urban energy consumption in China was discussed in this paper through the parallel comparison and quantitative analysis of the 30 provincial capital cities of mainland China in 2005, in terms of scale, efficiency and structure. The indicators associated with urban energy consumption show large spatial variance across regions, po...

Theil-Sen regression analysis is the most preferred method in non-parametric analysis. In method, calculations are made with median parameter. this study, it was proposed to calculate trimean parameter instead of way, effects outliers data on model fully reflected. applications one real-life and two simulation data, results obtained use were more successful. It recommended structures an excess ...

Eco-efficiency is a tool for sustainability analysis that indicates how to carry out economic activities effectively. This paper assesses agricultural eco-efficiency using data envelopment analysis (DEA) and the Theil index approach. Using basic data of 31 provinces in China during 2003–2013, we analyzed the agricultural eco-efficiency development level and spatial pattern in China. The results...

In this study, ETo was calculated using FAO-56 Penman Monteith method. Lag-1 autocorrelation coefficient was performed to detect the presence of serially correlation in data series. Mann-Kendall (MK) or Modified Mann Kendall (MMK) and Spearman’s rho test were applied to detect the trend in annual and monthly ETo at 8 districts over 49 years (1960–2008) in the Soenath river basin, Chhattisgarh (...