This paper examines the intersection of corporate social responsibility (CSR) and global information technology outsourcing (GITO). The growing business participation in global CSR standards such as the Global Reporting Initiative, ISO 26000 and the UN Global Compact, demonstrates that CSR issues are important to buyers and providers of outsourcing services. The case study examines the outsourc...

A forecast path refers to the vector of forecasts over the next 1 to h periods into the future. These forecasts are correlated across horizons so that to properly understand the uncertainty associated with the forecast path, one requires the joint predictive density of the path rather than the collection of marginal predictive densities for each horizon. This paper derives the joint predictive ...

This paper looks into the issue of evaluating forecast accuracy measures. In the theoretical direction, for comparing two forecasters, only when the errors are stochastically ordered, the ranking of the forecasts is basically independent of the form of the chosen measure. We propose wellmotivated Kullback-Leibler Divergence based accuracy measures. In the empirical direction, we study the perfo...

We introduce a new type of incentive contract for central bankers: inflation forecast contracts, which make central bankers' remunerations contingent on the precision of their inflation forecasts. We show that such contracts enable central bankers to influence inflation expectations more effectively, thus facilitating more successful stabilization of current inflation. Inflation forecast contra...

In statistical data analysis, penalized regression is considered an attractive approach for its ability of simultaneous variable selection and parameter estimation. Although penalized regression methods have shown many advantages in variable selection and outcome prediction over other approaches for high-dimensional data, there is a relative paucity of the literature on their applications to hy...