Empirical mode decomposition (EMD) and BP_AdaBoost neural network are used in this paper to model the oil price. Based on the benefits of these two methods, we predict the oil price by using them. To a certain extent,...Empirical mode decomposition (EMD) and BP_AdaBoost neural network are used in this paper to model the oil price. Based on the benefits of these two methods, we predict the oil price by using them. To a certain extent, it effectively improves the accuracy of short-term price forecasting. Forecast results of this model are compared with the results of the ARIMA model, BP neural network and EMD-BP combined model. The experimental result shows that the root mean square error (RMSE), mean absolute error (MAE), mean absolute percentage error (MAPE) and Theil inequality (U) of EMD and BP_AdaBoost model are lower than other models, and the combined model has better prediction accuracy.展开更多
With the rapid development of financial industry, copula methods are more and more widely used for the study of financial fields. By selecting the appropriate copulas, the tail dependence of financial variables can be...With the rapid development of financial industry, copula methods are more and more widely used for the study of financial fields. By selecting the appropriate copulas, the tail dependence of financial variables can be measured easily. Using the nonparametric estimation method to select A12 copula from Archimedean copulas, and do tail dependence study of SSE composite index and SESE component index. The results show that the SSE composite index and SESE component index simultaneously have the upper tail dependence and lower tail dependence, and the upper tail dependence coefficient is less than the lower tail dependence coefficient, which is consistent with the real financial market rule.展开更多
By establishing the VEC model, the relationship between Consumer Price Index (CPI) and Producer Price Index (PPI) is explored by using Johansen cointegration test and impulse response function. The results show that t...By establishing the VEC model, the relationship between Consumer Price Index (CPI) and Producer Price Index (PPI) is explored by using Johansen cointegration test and impulse response function. The results show that there is a long-term equilibrium cointegration relationship between CPI and PPI. CPI has a certain impact on PPI. PPI also has a certain impact on CPI. PPI has a great impact on itself both in the long-term and short-term. The current CPI will be adversely affected by the previous CPI and the positive impact of the previous PPI. The current PPI will be positively affected by the previous phase of CPI and the previous phase of PPI.展开更多
There are few comprehensive studies on risk measurement and performance evaluation of stock funds in China. This paper uses the ARMA-GARCH family model to analyze the volatility characteristics of equity funds under t...There are few comprehensive studies on risk measurement and performance evaluation of stock funds in China. This paper uses the ARMA-GARCH family model to analyze the volatility characteristics of equity funds under the t-distribution and Generalized error distribution (GED), and combines CVaR, PM (Second revised sharp ratio) and CVaR-RAROC (Revised RAROC) to comprehensively evaluate equity funds risk and performance. The empirical analysis of five equity funds in China from October 28, 2010 to May 17, 2019 shows that: Comprehensive evaluation of the risk and performance of equity funds can comprehensively and effectively examine the risks and returns of equity funds, helping investors, financial institutions and regulatory agencies to more fully understand the risks and performance of equity funds.展开更多
Mountainous areas are of special hydrological concern because topography and atmospheric conditions can result in large and sudden floods,posing serious risks to water-related safety in neighbouring countries.The Yarl...Mountainous areas are of special hydrological concern because topography and atmospheric conditions can result in large and sudden floods,posing serious risks to water-related safety in neighbouring countries.The Yarlung Zangbo(YZ)River basin is the largest river basin on the Tibetan Plateau(TP),but how floods will discharge in this basin and how the role of glacier melt in floods will change throughout the 21st-century under shared socioeconomic pathways scenarios(SSP2-4.5 and SSP5-8.5)remain unclear.Here,we comprehensively address this scientific question based on a well-validated large-scale glacier-hydrology model.The results indicate that extreme floods was projected to increase in the YZ basin,and was mainly reflected in increased duration(4–10 d per decade)and intensity(153–985 m^(3)s^(−1)per decade).Glacier runoff was projected to increase(2–30 mm per decade)throughout the 21st-century,but there was also a noticeable decrease or deceleration in glacier runoff growth in the late first half of the century under the SSP2-4.5,and in the latter half of the century under the SSP5-8.5.Glacier melt was projected to enhance the duration(12%–23%)and intensity(15%–21%)of extreme floods under both SSPs,which would aggravate the impact of future floods on the socioeconomics of the YZ basin.This effect was gradually overwhelmed by precipitation-induced floods from glacier areas to YZ outlet.This study takes the YZ basin as a projection framework example to help enrich the understanding of future flood hazards in basins affected by rainfall-or meltwater across the TP,and to help policy-makers and water managers develop future plans.展开更多
Sulfate reduction is an essential metabolism that maintains biogeochemical cycles in marine and terrestrial ecosystems.Sulfate reducers are exclusively prokaryotic,phylogenetically diverse,and may have evolved early i...Sulfate reduction is an essential metabolism that maintains biogeochemical cycles in marine and terrestrial ecosystems.Sulfate reducers are exclusively prokaryotic,phylogenetically diverse,and may have evolved early in Earth’s history.However,their origin is elusive and unequivocal fossils are lacking.Here we report a new microfossil,Qingjiangonema cambria,from518-million-year-old black shales that yield the Qingjiang biota.Qingjiangonema is a long filamentous form comprising hundreds of cells filled by equimorphic and equidimensional pyrite microcrystals with a light sulfur isotope composition.Multiple lines of evidence indicate Qingjiangonema was a sulfate-reducing bacterium that exhibits similar patterns of cell organization to filamentous forms within the phylum Desulfobacterota,including the sulfate-reducing Desulfonema and sulfide-oxidizing cable bacteria.Phylogenomic analyses confirm separate,independent origins of multicellularity in Desulfonema and in cable bacteria.Molecular clock analyses infer that the Desulfobacterota,which encompass a majority of sulfate-reducing taxa,diverged~2.41 billion years ago during the Paleoproterozoic Great Oxygenation Event,while cable bacteria diverged~0.56 billion years ago during or immediately after the Neoproterozoic Oxygenation Event.Taken together,we interpret Qingjiangonema as a multicellular sulfate-reducing microfossil and propose that cable bacteria evolved from a multicellular filamentous sulfate-reducing ancestor.We infer that the diversification of the Desulfobacterota and the origin of cable bacteria may have been responses to oxygenation events in Earth’s history.展开更多
A"once-in-a-millennium"super rainstorm battered Zhengzhou,central China,from 07/17/2021 to 07/22/2021(named"7.20"Zhengzhou rainstorm).It killed 398 people and caused billions of dollars in damage.A...A"once-in-a-millennium"super rainstorm battered Zhengzhou,central China,from 07/17/2021 to 07/22/2021(named"7.20"Zhengzhou rainstorm).It killed 398 people and caused billions of dollars in damage.A pressing question is whether rainstorms of this intensity can be effectively documented by geological archives to understand better their historical variabilities beyond the range of meteorological data.Here,four land snail shells were collected from Zhengzhou,and weekly to daily resolved snail shellδ^(18)O records from June to September of 2021 were obtained by gas-source mass spectrometry and secondary ion mass spectrometry.The daily resolved records show a dramatic negative shift between 06/18/2021 and 09/18/2021,which has been attributed to the"7.20"Zhengzhou rainstorm.Moreover,the measured amplitude of this shift is consistent with the theoretical value estimated from the flux balance model and instrumental data for the"7.20"Zhengzhou rainstorm.Our results suggest that the ultra-high resolutionδ^(18)O of land snail shells have the potential to reconstruct local synoptic scale rainstorms quantitatively,and thus fossil snail shells in sedimentary strata can be valuable material for investigating the historical variability of local rainstorms under different climate backgrounds.展开更多
Secondary ion mass spectrometry(SIMS) zircon U-Pb dating has been widely used to confine the absolute ages of the magmatic or metamorphic events and to distinguish multiple events.Here,a data set consisting of the zir...Secondary ion mass spectrometry(SIMS) zircon U-Pb dating has been widely used to confine the absolute ages of the magmatic or metamorphic events and to distinguish multiple events.Here,a data set consisting of the zircon standards dating data(~15 000 Ple?ovice and ~8 000 Qinghu items) accumulated for more than 8 years using the CAMECA IMS 1280 HR of the Institute of Geology and Geophysics,Chinese Academy of Sciences(IGGCAS) is compiled to evaluate the long-term external reproducibility.With Ple?ovice zircon as the calibration standard and Qinghu zircon as an unknown sample,the analytical uncertainties for single-spot(n = 7 723) and session analyses(n = 691,with more than 7 single spot analyses in one session) are 2.6% and 0.9%(2 RSD,relative standard deviation),respectively.It means that single-spot U-Pb dating for a standard-level zircon sample could vary 5.2% at 95% confidence level,while the average value(n > 7) for each session may vary 1.8%.Thus,these values should be considered as the minimum uncertainty when comparing single spot and individual session analysis results for multiple dating works on a certain geological event.展开更多
The Earth’s water cycle involves energy exchange and mass move-ment in the hydrosphere and thus sustains the dynamic balance of global hydrologic cycle.All water cycle variables on the Earth are closely interconnecte...The Earth’s water cycle involves energy exchange and mass move-ment in the hydrosphere and thus sustains the dynamic balance of global hydrologic cycle.All water cycle variables on the Earth are closely interconnected with each other through the process of energy and water circulation.Observing,understanding and predict-ing the storage,movement,and quality of water remains a grand challenge for contemporary water science and technology,especially for researches across different spatio-temporal scales.The remote sensing observing platform has a unique advantage in acquiring complex water information and has already greatly improved obser-ving,understanding,and predicting ability of the water cycle.Methods of obtaining comprehensive water cycle data are also expanded by new remote sensing techniques,and the vast amount of data has become increasingly available and thus accelerated a new Era:the Remote Sensing Big Data Study of Global Water Cycle.The element inversion,time and space reconstruction,and scale conver-sion are three key scientific issues for remote sensing water cycle in suchEra.Moreover,it also presents a huge opportunity of capitalizing the combinations of Remote Sensing and Big Data to advance and improve the global hydrology and water security research and devel-opment,and uncork the new bottlenecks.展开更多
文摘Empirical mode decomposition (EMD) and BP_AdaBoost neural network are used in this paper to model the oil price. Based on the benefits of these two methods, we predict the oil price by using them. To a certain extent, it effectively improves the accuracy of short-term price forecasting. Forecast results of this model are compared with the results of the ARIMA model, BP neural network and EMD-BP combined model. The experimental result shows that the root mean square error (RMSE), mean absolute error (MAE), mean absolute percentage error (MAPE) and Theil inequality (U) of EMD and BP_AdaBoost model are lower than other models, and the combined model has better prediction accuracy.
文摘With the rapid development of financial industry, copula methods are more and more widely used for the study of financial fields. By selecting the appropriate copulas, the tail dependence of financial variables can be measured easily. Using the nonparametric estimation method to select A12 copula from Archimedean copulas, and do tail dependence study of SSE composite index and SESE component index. The results show that the SSE composite index and SESE component index simultaneously have the upper tail dependence and lower tail dependence, and the upper tail dependence coefficient is less than the lower tail dependence coefficient, which is consistent with the real financial market rule.
文摘By establishing the VEC model, the relationship between Consumer Price Index (CPI) and Producer Price Index (PPI) is explored by using Johansen cointegration test and impulse response function. The results show that there is a long-term equilibrium cointegration relationship between CPI and PPI. CPI has a certain impact on PPI. PPI also has a certain impact on CPI. PPI has a great impact on itself both in the long-term and short-term. The current CPI will be adversely affected by the previous CPI and the positive impact of the previous PPI. The current PPI will be positively affected by the previous phase of CPI and the previous phase of PPI.
文摘There are few comprehensive studies on risk measurement and performance evaluation of stock funds in China. This paper uses the ARMA-GARCH family model to analyze the volatility characteristics of equity funds under the t-distribution and Generalized error distribution (GED), and combines CVaR, PM (Second revised sharp ratio) and CVaR-RAROC (Revised RAROC) to comprehensively evaluate equity funds risk and performance. The empirical analysis of five equity funds in China from October 28, 2010 to May 17, 2019 shows that: Comprehensive evaluation of the risk and performance of equity funds can comprehensively and effectively examine the risks and returns of equity funds, helping investors, financial institutions and regulatory agencies to more fully understand the risks and performance of equity funds.
基金the National Natural Science Foundation of China(42201140)project fundedbyChinaPostdoctoral Science Foundation(2022M723256).
文摘Mountainous areas are of special hydrological concern because topography and atmospheric conditions can result in large and sudden floods,posing serious risks to water-related safety in neighbouring countries.The Yarlung Zangbo(YZ)River basin is the largest river basin on the Tibetan Plateau(TP),but how floods will discharge in this basin and how the role of glacier melt in floods will change throughout the 21st-century under shared socioeconomic pathways scenarios(SSP2-4.5 and SSP5-8.5)remain unclear.Here,we comprehensively address this scientific question based on a well-validated large-scale glacier-hydrology model.The results indicate that extreme floods was projected to increase in the YZ basin,and was mainly reflected in increased duration(4–10 d per decade)and intensity(153–985 m^(3)s^(−1)per decade).Glacier runoff was projected to increase(2–30 mm per decade)throughout the 21st-century,but there was also a noticeable decrease or deceleration in glacier runoff growth in the late first half of the century under the SSP2-4.5,and in the latter half of the century under the SSP5-8.5.Glacier melt was projected to enhance the duration(12%–23%)and intensity(15%–21%)of extreme floods under both SSPs,which would aggravate the impact of future floods on the socioeconomics of the YZ basin.This effect was gradually overwhelmed by precipitation-induced floods from glacier areas to YZ outlet.This study takes the YZ basin as a projection framework example to help enrich the understanding of future flood hazards in basins affected by rainfall-or meltwater across the TP,and to help policy-makers and water managers develop future plans.
基金supported by the National Natural Science Foundation of China(41890843,41890845,41930319,42242201,and 42272354)the Overseas Expertise Introduction Project for Discipline Innovation(the 111 Project,D17013)+1 种基金the Natural Science Basic Research Program of Shaanxi(2022JC-DW5-01)the National Science Foundation of USA(EAR-1554897).
文摘Sulfate reduction is an essential metabolism that maintains biogeochemical cycles in marine and terrestrial ecosystems.Sulfate reducers are exclusively prokaryotic,phylogenetically diverse,and may have evolved early in Earth’s history.However,their origin is elusive and unequivocal fossils are lacking.Here we report a new microfossil,Qingjiangonema cambria,from518-million-year-old black shales that yield the Qingjiang biota.Qingjiangonema is a long filamentous form comprising hundreds of cells filled by equimorphic and equidimensional pyrite microcrystals with a light sulfur isotope composition.Multiple lines of evidence indicate Qingjiangonema was a sulfate-reducing bacterium that exhibits similar patterns of cell organization to filamentous forms within the phylum Desulfobacterota,including the sulfate-reducing Desulfonema and sulfide-oxidizing cable bacteria.Phylogenomic analyses confirm separate,independent origins of multicellularity in Desulfonema and in cable bacteria.Molecular clock analyses infer that the Desulfobacterota,which encompass a majority of sulfate-reducing taxa,diverged~2.41 billion years ago during the Paleoproterozoic Great Oxygenation Event,while cable bacteria diverged~0.56 billion years ago during or immediately after the Neoproterozoic Oxygenation Event.Taken together,we interpret Qingjiangonema as a multicellular sulfate-reducing microfossil and propose that cable bacteria evolved from a multicellular filamentous sulfate-reducing ancestor.We infer that the diversification of the Desulfobacterota and the origin of cable bacteria may have been responses to oxygenation events in Earth’s history.
基金supported by the National Natural Science Foundation of China(42221003,4202530442103084)the Research Projects from the Chinese Academy of Sciences(XDB40000000)+1 种基金the Science and Technology Innovation Project of Laoshan Laboratory(LSKJ202203300)the CAS Youth Interdisciplinary Team。
文摘A"once-in-a-millennium"super rainstorm battered Zhengzhou,central China,from 07/17/2021 to 07/22/2021(named"7.20"Zhengzhou rainstorm).It killed 398 people and caused billions of dollars in damage.A pressing question is whether rainstorms of this intensity can be effectively documented by geological archives to understand better their historical variabilities beyond the range of meteorological data.Here,four land snail shells were collected from Zhengzhou,and weekly to daily resolved snail shellδ^(18)O records from June to September of 2021 were obtained by gas-source mass spectrometry and secondary ion mass spectrometry.The daily resolved records show a dramatic negative shift between 06/18/2021 and 09/18/2021,which has been attributed to the"7.20"Zhengzhou rainstorm.Moreover,the measured amplitude of this shift is consistent with the theoretical value estimated from the flux balance model and instrumental data for the"7.20"Zhengzhou rainstorm.Our results suggest that the ultra-high resolutionδ^(18)O of land snail shells have the potential to reconstruct local synoptic scale rainstorms quantitatively,and thus fossil snail shells in sedimentary strata can be valuable material for investigating the historical variability of local rainstorms under different climate backgrounds.
基金supported by the National Natural Science Foundation of China(41973035 and 42288201)the B-type Strategic Priority Program of the Chinese Academy of Sciences(XDB41000000)+2 种基金the Youth Innovation Promotion Association of the Chinese Academy of Sciences(2020068)State Key Laboratory of Lithospheric Evolution(SKL-Z201901-YT)supported by the Research,Education and Investment Fund of the Geological Society of South Africa。
基金supported by the National Key R&D Program of China(No.2018YFA0702600)the National Natural Science Foundation of China(Nos.41773044,41773047)。
文摘Secondary ion mass spectrometry(SIMS) zircon U-Pb dating has been widely used to confine the absolute ages of the magmatic or metamorphic events and to distinguish multiple events.Here,a data set consisting of the zircon standards dating data(~15 000 Ple?ovice and ~8 000 Qinghu items) accumulated for more than 8 years using the CAMECA IMS 1280 HR of the Institute of Geology and Geophysics,Chinese Academy of Sciences(IGGCAS) is compiled to evaluate the long-term external reproducibility.With Ple?ovice zircon as the calibration standard and Qinghu zircon as an unknown sample,the analytical uncertainties for single-spot(n = 7 723) and session analyses(n = 691,with more than 7 single spot analyses in one session) are 2.6% and 0.9%(2 RSD,relative standard deviation),respectively.It means that single-spot U-Pb dating for a standard-level zircon sample could vary 5.2% at 95% confidence level,while the average value(n > 7) for each session may vary 1.8%.Thus,these values should be considered as the minimum uncertainty when comparing single spot and individual session analysis results for multiple dating works on a certain geological event.
文摘The Earth’s water cycle involves energy exchange and mass move-ment in the hydrosphere and thus sustains the dynamic balance of global hydrologic cycle.All water cycle variables on the Earth are closely interconnected with each other through the process of energy and water circulation.Observing,understanding and predict-ing the storage,movement,and quality of water remains a grand challenge for contemporary water science and technology,especially for researches across different spatio-temporal scales.The remote sensing observing platform has a unique advantage in acquiring complex water information and has already greatly improved obser-ving,understanding,and predicting ability of the water cycle.Methods of obtaining comprehensive water cycle data are also expanded by new remote sensing techniques,and the vast amount of data has become increasingly available and thus accelerated a new Era:the Remote Sensing Big Data Study of Global Water Cycle.The element inversion,time and space reconstruction,and scale conver-sion are three key scientific issues for remote sensing water cycle in suchEra.Moreover,it also presents a huge opportunity of capitalizing the combinations of Remote Sensing and Big Data to advance and improve the global hydrology and water security research and devel-opment,and uncork the new bottlenecks.