Several name changes have been made to the industries shown in the stub of table . In this table,    of tables presents detailed estimates of the foreign direct investment position in the United States on a historical-cost, or book-value, basis and of the related capital and income flows. These tables supplement an article in the June  S  C B that summar...

In this paper we investigate the large-sample behavior of the maximum likelihood estimate (MLE) of the unknown parameter θ for processes following the model dξt = θf(t)ξt dt+ dBt where f : R → R is a continuous function with period, say P > 0, and which is observed through continuous time interval [0, T ] as T → ∞. Here the periodic function f(·) is assumed known. We establish the consistency o...

Moody’s KMV method is a popular commercial implementation of the structural credit risk model pioneered by Merton (1974). It is an algorithm for estimating the unobserved asset value and the unknown parameters required for implementing such a model. This estimation method has found its way to the recent academic literature, but it has not yet been formally analyzed to assess its statistical pro...

This paper introduces a new class of robust estimates for ARMA models. They are M-estimates, but the residuals are computed so the effect of one outlier is limited to the period where it occurs. These estimates are closely related to those based on a robust filter, but they have two important advantages: they are consistent and the asymptotic theory is tractable. We perform a Monte Carlo where ...

The behavior of maximum likelihood estimates (MLE’s) and the likelihood ratio statistic in a family of problems involving pointwise nonparametric estimation of a monotone function is studied. This class of problems differs radically from the usual parametric or semiparametric situations in that the MLE of the monotone function at a point converges to the truth at rate n (slower than the usual √...

Clock synchronization plays a crucial role in Wireless Sensor Networks (WSNs). Assuming that there is no clock skew between sensor nodes, the Maximum Likelihood Estimate (MLE) of clock offset was derived by [1] for clock synchronization protocols assuming exponential random delays and a two-way message exchange mechanism as in TPSN (Timing-sync Protocol for Sensor Networks [2]) or NTP (Network ...

Gibbs random fields with multiple pairwise pixel interactionshave good potentialities in modeling natural image texturesbecause allow for learning both the structure and strengths ofpixel interactions from a given training sample. The learningscheme is based on the maximum likelihood estimate (MLE) ofGibbs potentials that specify the interaction strenghts. Thisscheme is amplified here by deduci...