Asymmetric power GARCH models have been widely used to study the higher order moments of financial returns, while their quantile estimation has rarely investigated. This paper introduces a simple monotonic transformation on its conditional function make regression tractable. The asymptotic normality resulting estimators is established under either stationarity or non-stationarity. Moreover, bas...

in Symmetric Investment Games: A Reply Amnon Rapoport and Wilfred Amaldoss Abstract In one of their experimental studies, Rapoport and Amaldoss (2000) evaluate the behavior of subjects in a two-person investment game with symmetric players using the symmetric (completely) mixed-strategy equilibrium solution as the normative benchmark. Dechenaux et al. (2005) claim additional support for an alte...

In this paper, we propose a new method for estimating and forecasting asymmetric stochastic volatility models. The proposal is based on dynamic linear models with Markov switching written as state space Then, the likelihood calculated through Kalman filter outputs estimates are obtained by maximum method. Monte Carlo experiments performed to assess quality of estimation. addition, backtesting e...

many research studies have been performed on forced convection (active) solar dryers for fruit and vegetables. a short survey of these showed that applying the forced convection solar dryer not only significantly reduced the drying time but also resulted in many improvements in the quality of the dried products. active indirect and mixed-mode thin layer solar drying experiments were conducted o...