Previous work shows that the growth rate of industrial production is a common macroeconomic risk factor in the cross-section of expected returns. We demonstrate the connection between momentum profits and shifts in factor loadings on this macroeconomic variable. Winners have temporarily higher loadings on the growth rate of industrial production than losers. The loading dispersion derives mostl...

We have made observations of X-band radar sea clutter from the sea surface and sea-surface state in the Uraga Suido Traffic Route, which is used by ships entering and leaving Tokyo Bay, and the nearby Daini Kaiho Sea Fortress. We estimated the distributions of reflected amplitudes due to sea clutter using models that assume Weibull, Log-Weibull, Log-normal, and K-distributions. We then compared...

This paper presents a novel algorithm of Multiagent Reinforcement Learning called State Elimination in Accelerated Multiagent Reinforcement Learning (SEA-MRL), that successfully produces faster learning without incorporating internal knowledge or human intervention such as reward shaping, transfer learning, parameter tuning, and even heuristics, into the learning system. Since the learning spee...

In light of the steady rise in the prevalence of students with autism, this study examined the definition of autism published by state education agencies (SEAs), as well as SEA-indicated evaluation procedures for determining student qualification for autism. We compared components of each SEA definition to aspects of autism from two authoritative sources: Diagnostic and Statistical Manual of Me...

The knowledge of sea state and wind conditions is of central importance for many offshore or nearshore operations. In this paper, we make a complete survey of stochastic models for sea state and wind time series. We begin the presentation with methods based on Gaussian processes and non parametric resampling methods for time series are introduced followed by various parametric models. Finally w...

A L B A N Y — T h e S t a t e L e g i s l a t u r e h a s g i v e n i t s a p p r o v a l t o t h e n e w p e n s i o n p l a n f o r ta te e m p l o y e e s w o n l a s t M a r c h b y t h e C i v i l S e r v i c e E m p l o y e e s A s s n . i n n e g o t i a t i o n s w i t h the S t a t e A d m i i n s t r a t i o n . T h e S t a t e S e n a t e g a v e i t s s t a m p o f a p p r o v a l t...

We report on a coastal experiment to study GPS L1 reflections. The campaign was carried out at the Barcelona Port breaker and dedicated to the development of sea-state retrieval algorithms. An experimental system built for this purpose collected and processed GPS data to automatically generate a times series of the interferometric complex field (ICF). The ICF was analyzed off line and compared ...