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Empirical exchange rate models of the Seventies: do they fit out of sample?

by Richard A. Meese, Kenneth Rogoff - JOURNAL OF INTERNATIONAL ECONOMICS , 1983
"... This study compares the out-of-sample forecasting accuracy of various structural and time series exchange rate models. We find that a random walk model performs as well as any estimated model at one to twelve month horizons for the dollar/pound, dollar/mark, dollar/yen and trade-weighted dollar exch ..."
Abstract - Cited by 854 (12 self) - Add to MetaCart
This study compares the out-of-sample forecasting accuracy of various structural and time series exchange rate models. We find that a random walk model performs as well as any estimated model at one to twelve month horizons for the dollar/pound, dollar/mark, dollar/yen and trade-weighted dollar

Loopy belief propagation for approximate inference: An empirical study. In:

by Kevin P Murphy , Yair Weiss , Michael I Jordan - Proceedings of Uncertainty in AI, , 1999
"... Abstract Recently, researchers have demonstrated that "loopy belief propagation" -the use of Pearl's polytree algorithm in a Bayesian network with loops -can perform well in the context of error-correcting codes. The most dramatic instance of this is the near Shannon-limit performanc ..."
Abstract - Cited by 676 (15 self) - Add to MetaCart
in a more gen eral setting? We compare the marginals com puted using loopy propagation to the exact ones in four Bayesian network architectures, including two real-world networks: ALARM and QMR. We find that the loopy beliefs of ten converge and when they do, they give a good approximation

Biased assimilation and attitude polarization: The effects of prior theories on subsequently considered evidence

by Charles G. Lord, Lee Ross - Journal of Personality and Social Psychology , 1979
"... People who hold strong opinions on complex social issues are likely to examine relevant empirical evidence in a biased manner. They are apt to accept "confirming" evidence at face value while subjecting "discontinuing " evidence to critical evaluation, and as a result to draw und ..."
Abstract - Cited by 477 (8 self) - Add to MetaCart
undue support for their initial positions from mixed or random empirical findings. Thus, the result of exposing contending factions in a social dispute to an identical body of relevant empirical evidence may be not a narrowing of disagreement but rather an increase in polarization. To test

The empirical case for two systems of reasoning

by Steven A. Sloman , 1996
"... Distinctions have been proposed between systems of reasoning for centuries. This article distills properties shared by many of these distinctions and characterizes the resulting systems in light of recent findings and theoretical developments. One system is associative because its computations ref ..."
Abstract - Cited by 669 (4 self) - Add to MetaCart
Distinctions have been proposed between systems of reasoning for centuries. This article distills properties shared by many of these distinctions and characterizes the resulting systems in light of recent findings and theoretical developments. One system is associative because its computations

Power-law distributions in empirical data

by Aaron Clauset, Cosma Rohilla Shalizi, M. E. J. Newman - ISSN 00361445. doi: 10.1137/ 070710111. URL http://dx.doi.org/10.1137/070710111 , 2009
"... Power-law distributions occur in many situations of scientific interest and have significant consequences for our understanding of natural and man-made phenomena. Unfortunately, the empirical detection and characterization of power laws is made difficult by the large fluctuations that occur in the t ..."
Abstract - Cited by 607 (7 self) - Add to MetaCart
Power-law distributions occur in many situations of scientific interest and have significant consequences for our understanding of natural and man-made phenomena. Unfortunately, the empirical detection and characterization of power laws is made difficult by the large fluctuations that occur

Inducing Features of Random Fields

by Stephen Della Pietra, Vincent Della Pietra, John Lafferty - IEEE TRANSACTIONS ON PATTERN ANALYSIS AND MACHINE INTELLIGENCE , 1997
"... We present a technique for constructing random fields from a set of training samples. The learning paradigm builds increasingly complex fields by allowing potential functions, or features, that are supported by increasingly large subgraphs. Each feature has a weight that is trained by minimizing the ..."
Abstract - Cited by 670 (10 self) - Add to MetaCart
the Kullback-Leibler divergence between the model and the empirical distribution of the training data. A greedy algorithm determines how features are incrementally added to the field and an iterative scaling algorithm is used to estimate the optimal values of the weights. The random field models and techniques

Randomized Gossip Algorithms

by Stephen Boyd, Arpita Ghosh, Balaji Prabhakar, Devavrat Shah - IEEE TRANSACTIONS ON INFORMATION THEORY , 2006
"... Motivated by applications to sensor, peer-to-peer, and ad hoc networks, we study distributed algorithms, also known as gossip algorithms, for exchanging information and for computing in an arbitrarily connected network of nodes. The topology of such networks changes continuously as new nodes join a ..."
Abstract - Cited by 532 (5 self) - Add to MetaCart
distribute the computational burden and in which a node communicates with a randomly chosen neighbor. We analyze the averaging problem under the gossip constraint for an arbitrary network graph, and find that the averaging time of a gossip algorithm depends on the second largest eigenvalue of a doubly

An algorithm for finding best matches in logarithmic expected time

by Jerome H. Friedman, Jon Louis Bentley, Raphael Ari Finkel - ACM Transactions on Mathematical Software , 1977
"... An algorithm and data structure are presented for searching a file containing N records, each described by k real valued keys, for the m closest matches or nearest neighbors to a given query record. The computation required to organize the file is proportional to kNlogN. The expected number of recor ..."
Abstract - Cited by 764 (2 self) - Add to MetaCart
of records examined in each search is independent of the file size. The expected computation to perform each search is proportional-to 1ogN. Empirical evidence suggests that except for very small files, this algorithm is considerably faster than other methods.

The Skill Content of Recent Technological Change: An Empirical Exploration

by David H. Autor, Frank Levy, Richard J. Murnane , 2000
"... Recent empirical and case study evidence documents a strong association between the adoption of computers and increased use of college educated or non-production workers. With few exceptions, the conceptual link explaining how computer technology complements skilled labor or substitutes for unskille ..."
Abstract - Cited by 643 (28 self) - Add to MetaCart
Recent empirical and case study evidence documents a strong association between the adoption of computers and increased use of college educated or non-production workers. With few exceptions, the conceptual link explaining how computer technology complements skilled labor or substitutes

The CONSORT statement: revised recommendations for improving the quality of reports of parallel-group randomized trials,”

by MSc; David Moher , PhD, MBA; Kenneth F Schulz , Douglas G Altman - Journal of the American Medical Association, , 1987
"... To comprehend the results of a randomized, controlled trial (RCT), readers must understand its design, conduct, analysis, and interpretation. That goal can be achieved only through complete transparency from authors. Despite several decades of educational efforts, the reporting of RCTs needs improv ..."
Abstract - Cited by 787 (15 self) - Add to MetaCart
To comprehend the results of a randomized, controlled trial (RCT), readers must understand its design, conduct, analysis, and interpretation. That goal can be achieved only through complete transparency from authors. Despite several decades of educational efforts, the reporting of RCTs needs
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