Abstract: The banking sector poses a lot of problems in Nigeria in general and the non-oil export sector in particular. The banks' lack effectiveness in handling small, medium or long-term credit risk (lack of training of loan officers, lack of information on borrowers and absence of a reliable credit registry) results in non-oil exporters being burdened with high requirements, such as up to three years of financial statements, enough collateral to cover both the loan principal and interest (including a cash deposit that may be up to 30% of the loans' net present value), and to provide every detail of the international trade transaction in question. The stated problems triggered this research. Consequently, information on bank financing of non-oil exports was collected from 100 respondents from the 20 Deposit Money Banks (DMBs) in Nigeria. The data was analysed by the use of descriptive statistics correlation and regression. It is found that, Nigerian banks are participants in the financing of non-oil exports. Despite their participation, the rate of interest for credit extended to non-oil export is usually high, ranging between 15-20%. Small and medium sized non-oil export businesses lack the credit history for banks to judge them as reputable. Banks also consider the non-oil export sector very risky for investment. The banks actually do grant less credit than the exporters may require and therefore are not properly funded by banks. Banks grant very low volume of foreign currency loan in addition to, unfavorable exchange rate at which Naira is exchanged to the Dollar and other currencies in the country. This makes importation of inputs costly and negatively impacted on the non-oil export performance in Nigeria.
Abstract: This research is aimed to describe the application of robust regression and its advantages over the least square regression method in analyzing financial data. To do this, relationship between earning per share, book value of equity per share and share price as price model and earning per share, annual change of earning per share and return of stock as return model is discussed using both robust and least square regressions, and finally the outcomes are compared. Comparing the results from the robust regression and the least square regression shows that the former can provide the possibility of a better and more realistic analysis owing to eliminating or reducing the contribution of outliers and influential data. Therefore, robust regression is recommended for getting more precise results in financial data analysis.
Abstract: The study attempted to identify the dominant
intelligences of athletes by comparing the developmental differences
of multiple intelligences between athletes and non-athletes. The
weekly specialized training hours and years of specialized training
was examined to see how it can predict the dominant intelligence with
the age factor controlled. There were 355 participants in the research
(202 athletes and 153 non-athletes). Collected data were analyzed with
one-way MANOVA and multiple hierarchical regression. The results
suggested the dominant intelligences of athletes were Interpersonal
Intelligence, Bodily-Kinesthetic Intelligence, and Intrapersonal
Intelligence. The weekly specialized training hours and years of
specialized training could effectively predict the Interpersonal
Intelligence, Bodily-Kinesthetic Intelligence, and Intrapersonal
Intelligence of athletes. The author suggested the future studies could
focus on the theory construction of weekly specialized training and
years of specialized training. Also, the studies on using “Bridge
strategy" by the athletes to guide disadvantage intelligences with
dominant intelligences are highly valued.
Abstract: A predictive clustering hybrid regression (pCHR)
approach was developed and evaluated using dataset from H2-
producing sucrose-based bioreactor operated for 15 months. The aim
was to model and predict the H2-production rate using information
available about envirome and metabolome of the bioprocess. Selforganizing
maps (SOM) and Sammon map were used to visualize the
dataset and to identify main metabolic patterns and clusters in
bioprocess data. Three metabolic clusters: acetate coupled with other
metabolites, butyrate only, and transition phases were detected. The
developed pCHR model combines principles of k-means clustering,
kNN classification and regression techniques. The model performed
well in modeling and predicting the H2-production rate with mean
square error values of 0.0014 and 0.0032, respectively.
Abstract: Investigation of soil properties like Cation Exchange
Capacity (CEC) plays important roles in study of environmental
reaserches as the spatial and temporal variability of this property
have been led to development of indirect methods in estimation of
this soil characteristic. Pedotransfer functions (PTFs) provide an
alternative by estimating soil parameters from more readily available
soil data. 70 soil samples were collected from different horizons of
15 soil profiles located in the Ziaran region, Qazvin province, Iran.
Then, multivariate regression and neural network model (feedforward
back propagation network) were employed to develop a
pedotransfer function for predicting soil parameter using easily
measurable characteristics of clay and organic carbon. The
performance of the multivariate regression and neural network model
was evaluated using a test data set. In order to evaluate the models,
root mean square error (RMSE) was used. The value of RMSE and
R2 derived by ANN model for CEC were 0.47 and 0.94 respectively,
while these parameters for multivariate regression model were 0.65
and 0.88 respectively. Results showed that artificial neural network
with seven neurons in hidden layer had better performance in
predicting soil cation exchange capacity than multivariate regression.
Abstract: Dichotomization of the outcome by a single cut-off point is an important part of various medical studies. Usually the relationship between the resulted dichotomized dependent variable and explanatory variables is analyzed with linear regression, probit regression or logistic regression. However, in many real-life situations, a certain cut-off point dividing the outcome into two groups is unknown and can be specified only approximately, i.e. surrounded by some (small) uncertainty. It means that in order to have any practical meaning the regression model must be robust to this uncertainty. In this paper, we show that neither the beta in the linear regression model, nor its significance level is robust to the small variations in the dichotomization cut-off point. As an alternative robust approach to the problem of uncertain medical categories, we propose to use the linear regression model with the fuzzy membership function as a dependent variable. This fuzzy membership function denotes to what degree the value of the underlying (continuous) outcome falls below or above the dichotomization cut-off point. In the paper, we demonstrate that the linear regression model of the fuzzy dependent variable can be insensitive against the uncertainty in the cut-off point location. In the paper we present the modeling results from the real study of low hemoglobin levels in infants. We systematically test the robustness of the binomial regression model and the linear regression model with the fuzzy dependent variable by changing the boundary for the category Anemia and show that the behavior of the latter model persists over a quite wide interval.
Abstract: In July 1, 2007, Taiwan Stock Exchange (TWSE) on
market observation post system (MOPS) adds a new "Financial
reference database" for investors to do investment reference. This
database as a warning to public offering companies listed on the
public financial information and it original within eight targets. In
this paper, this database provided by the indicators for the application
of company financial crisis early warning model verify that the
database provided by the indicator forecast for the financial crisis,
whether or not companies have a high accuracy rate as opposed to
domestic and foreign scholars have positive results. There is use of
Logistic Regression Model application of the financial early warning
model, in which no joined back-conditions is the first model, joined it
in is the second model, has been taken occurred in the financial crisis
of companies to research samples and then business took place
before the financial crisis point with T-1 and T-2 sample data to do
positive analysis. The results show that this database provided the
debt ratio and net per share for the best forecast variables.
Abstract: In this paper, the sum of squares in linear regression is
reduced to sum of squares in semi-parametric regression. We
indicated that different sums of squares in the linear regression are
similar to various deviance statements in semi-parametric regression.
In addition to, coefficient of the determination derived in linear
regression model is easily generalized to coefficient of the
determination of the semi-parametric regression model. Then, it is
made an application in order to support the theory of the linear
regression and semi-parametric regression. In this way, study is
supported with a simulated data example.
Abstract: A Novel fuzzy neural network combining with support vector learning mechanism called support-vector-based fuzzy neural networks (SVBFNN) is proposed. The SVBFNN combine the capability of minimizing the empirical risk (training error) and expected risk (testing error) of support vector learning in high dimensional data spaces and the efficient human-like reasoning of FNN.
Abstract: In this paper, estimation of the linear regression
model is made by ordinary least squares method and the
partially linear regression model is estimated by penalized
least squares method using smoothing spline. Then, it is
investigated that differences and similarity in the sum of
squares related for linear regression and partial linear
regression models (semi-parametric regression models). It is
denoted that the sum of squares in linear regression is reduced
to sum of squares in partial linear regression models.
Furthermore, we indicated that various sums of squares in the
linear regression are similar to different deviance statements in
partial linear regression. In addition to, coefficient of the
determination derived in linear regression model is easily
generalized to coefficient of the determination of the partial
linear regression model. For this aim, it is made two different
applications. A simulated and a real data set are considered to
prove the claim mentioned here. In this way, this study is
supported with a simulation and a real data example.
Abstract: The detection of outliers is very essential because of
their responsibility for producing huge interpretative problem in
linear as well as in nonlinear regression analysis. Much work has
been accomplished on the identification of outlier in linear
regression, but not in nonlinear regression. In this article we propose
several outlier detection techniques for nonlinear regression. The
main idea is to use the linear approximation of a nonlinear model and
consider the gradient as the design matrix. Subsequently, the
detection techniques are formulated. Six detection measures are
developed that combined with three estimation techniques such as the
Least-Squares, M and MM-estimators. The study shows that among
the six measures, only the studentized residual and Cook Distance
which combined with the MM estimator, consistently capable of
identifying the correct outliers.
Abstract: Through 1980s, management accounting researchers
described the increasing irrelevance of traditional control and
performance measurement systems. The Balanced Scorecard (BSC)
is a critical business tool for a lot of organizations. It is a
performance measurement system which translates mission and
strategy into objectives. Strategy map approach is a development
variant of BSC in which some necessary causal relations must be
established. To recognize these relations, experts usually use
experience. It is also possible to utilize regression for the same
purpose. Structural Equation Modeling (SEM), which is one of the
most powerful methods of multivariate data analysis, obtains more
appropriate results than traditional methods such as regression. In the
present paper, we propose SEM for the first time to identify the
relations between objectives in the strategy map, and a test to
measure the importance of relations. In SEM, factor analysis and test
of hypotheses are done in the same analysis. SEM is known to be
better than other techniques at supporting analysis and reporting. Our
approach provides a framework which permits the experts to design
the strategy map by applying a comprehensive and scientific method
together with their experience. Therefore this scheme is a more
reliable method in comparison with the previously established
methods.
Abstract: Cutting tools are widely used in manufacturing processes and drilling is the most commonly used machining process. Although drill-bits used in drilling may not be expensive, their breakage can cause damage to expensive work piece being drilled and at the same time has major impact on productivity. Predicting drill-bit breakage, therefore, is important in reducing cost and improving productivity. This study uses twenty features extracted from two degradation signals viz., thrust force and torque. The methodology used involves developing and comparing decision tree, random forest, and multinomial logistic regression models for classifying and predicting drill-bit breakage using degradation signals.
Abstract: Support vector regression (SVR) has been regarded
as a state-of-the-art method for approximation and regression. The
importance of kernel function, which is so-called admissible support
vector kernel (SV kernel) in SVR, has motivated many studies
on its composition. The Gaussian kernel (RBF) is regarded as a
“best" choice of SV kernel used by non-expert in SVR, whereas
there is no evidence, except for its superior performance on some
practical applications, to prove the statement. Its well-known that
reproducing kernel (R.K) is also a SV kernel which possesses many
important properties, e.g. positive definiteness, reproducing property
and composing complex R.K by simpler ones. However, there are a
limited number of R.Ks with explicit forms and consequently few
quantitative comparison studies in practice. In this paper, two R.Ks,
i.e. SV kernels, composed by the sum and product of a translation
invariant kernel in a Sobolev space are proposed. An exploratory
study on the performance of SVR based general R.K is presented
through a systematic comparison to that of RBF using multiple
criteria and synthetic problems. The results show that the R.K is
an equivalent or even better SV kernel than RBF for the problems
with more input variables (more than 5, especially more than 10) and
higher nonlinearity.
Abstract: The purpose of this study was to determine the
influence of physical activity and dietary fat intake on Body Mass
Index (BMI) of lecturers within a higher learning institutionalized
setting. The study adopted a Cross-sectional Correlational Design
and included 120 lecturers selected proportionately by simple
random sampling techniques from a population of 600 lecturers. Data
was collected using questionnaires, which had sections including
physical activity checklist adopted from the international physical
activity questionnaire (IPAQ), 24-hour food recall, anthropometric
measurements mainly weight and height. Analysis involved the use
of bivariate correlations and linear regression. A significant inverse
association was registered between BMI and duration (in minutes)
spent doing moderate intense physical activity per day (r=-0.322,
p
Abstract: In this paper, the application of multiple Elman neural networks to time series data regression problems is studied. An ensemble of Elman networks is formed by boosting to enhance the performance of the individual networks. A modified version of the AdaBoost algorithm is employed to integrate the predictions from multiple networks. Two benchmark time series data sets, i.e., the Sunspot and Box-Jenkins gas furnace problems, are used to assess the effectiveness of the proposed system. The simulation results reveal that an ensemble of boosted Elman networks can achieve a higher degree of generalization as well as performance than that of the individual networks. The results are compared with those from other learning systems, and implications of the performance are discussed.
Abstract: A system for market identification (SMI) is presented.
The resulting representations are multivariable dynamic demand
models. The market specifics are analyzed. Appropriate models and
identification techniques are chosen. Multivariate static and dynamic
models are used to represent the market behavior. The steps of the
first stage of SMI, named data preprocessing, are mentioned. Next,
the second stage, which is the model estimation, is considered in more
details. Stepwise linear regression (SWR) is used to determine the
significant cross-effects and the orders of the model polynomials. The
estimates of the model parameters are obtained by a numerically stable
estimator. Real market data is used to analyze SMI performance.
The main conclusion is related to the applicability of multivariate
dynamic models for representation of market systems.
Abstract: The paper investigates the potential of support vector
machines and Gaussian process based regression approaches to
model the oxygen–transfer capacity from experimental data of
multiple plunging jets oxygenation systems. The results suggest the
utility of both the modeling techniques in the prediction of the
overall volumetric oxygen transfer coefficient (KLa) from operational
parameters of multiple plunging jets oxygenation system. The
correlation coefficient root mean square error and coefficient of
determination values of 0.971, 0.002 and 0.945 respectively were
achieved by support vector machine in comparison to values of
0.960, 0.002 and 0.920 respectively achieved by Gaussian process
regression. Further, the performances of both these regression
approaches in predicting the overall volumetric oxygen transfer
coefficient was compared with the empirical relationship for multiple
plunging jets. A comparison of results suggests that support vector
machines approach works well in comparison to both empirical
relationship and Gaussian process approaches, and could successfully
be employed in modeling oxygen-transfer.
Abstract: The purpose of this paper is to present two different
approaches of financial distress pre-warning models appropriate for
risk supervisors, investors and policy makers. We examine a sample
of the financial institutions and electronic companies of Taiwan
Security Exchange (TSE) market from 2002 through 2008. We
present a binary logistic regression with paned data analysis. With
the pooled binary logistic regression we build a model including
more variables in the regression than with random effects, while the
in-sample and out-sample forecasting performance is higher in
random effects estimation than in pooled regression. On the other
hand we estimate an Adaptive Neuro-Fuzzy Inference System
(ANFIS) with Gaussian and Generalized Bell (Gbell) functions and
we find that ANFIS outperforms significant Logit regressions in both
in-sample and out-of-sample periods, indicating that ANFIS is a
more appropriate tool for financial risk managers and for the
economic policy makers in central banks and national statistical
services.
Abstract: This article provides empirical evidence on the effect
of domestic and international factors on the U.S. current account
deficit. Linear dynamic regression and vector autoregression models
are employed to estimate the relationships during the period from 1986
to 2011. The findings of this study suggest that the current and lagged
private saving rate and foreign current account for East Asian
economies have played a vital role in affecting the U.S. current
account. Additionally, using Granger causality tests and variance
decompositions, the change of the productivity growth and foreign
domestic demand are determined to influence significantly the change
of the U.S. current account. To summarize, the empirical relationship
between the U.S. current account deficit and its determinants is
sensitive to alternative regression models and specifications.