The skewness of the return distribution is one of the important features of the security price.In this paper,the authors try to explore the relationship between the skewness and the coefficient ofrisk premium.The coef...The skewness of the return distribution is one of the important features of the security price.In this paper,the authors try to explore the relationship between the skewness and the coefficient ofrisk premium.The coefficient of the risk premium is estimated by a GARCH-M model,and the robustmeasurement of skewness is calculated by Groeneveld-Meeden method.The empirical evidences forthe composite indexes from 33 securities markets in the world indicate that the risk compensationrequirement in the market where the return distribution is positively skewed is virtually zero,andthe risk compensation requirement is positive in a significant level in the market where the returndistribution is negative skewed.Moreover,the skewness is negatively correlated with the coefficient ofthe risk premium.展开更多
In this study, we explore the application of ACP (asymptotic curve based and proportionality oriented) Alpha Beta (αβ) Nonlinear Math to analyze arithmetic and radiation transmission data. Specifically, we investiga...In this study, we explore the application of ACP (asymptotic curve based and proportionality oriented) Alpha Beta (αβ) Nonlinear Math to analyze arithmetic and radiation transmission data. Specifically, we investigate the relationship between two variables. The novel approach involves collecting elementary “y” data and subsequently analyzing the asymptotic cumulative or demulative (opposite of cumulative) Y data. In part I, we examine the connection between the common linear numbers and ideal nonlinear numbers. In part II, we delve into the relationship between X-ray energy and the radiation transmission for various thin film materials. The fundamental physical law asserts that the nonlinear change in continuous variable Y is negatively proportional to the nonlinear change in continuous variable X, expressed mathematically as dα = −Kdβ. Here: dα {Y, Yu, Yb} represents the change in Y, with Yu and Yb denoting the upper and baseline asymptote of Y. dβ {X, Xu, Xb} represents the change in X, with Xu and Xb denoting the upper and baseline asymptote of X. K represents the proportionality constant or rate constant, which varies based on equation arrangement. K is the key inferential factor for describing physical phenomena.展开更多
本文分析了雷达高度计在天线误指向角较大的情况下,目前常用的回波模型存在的主要问题.提出了一个带有偏斜度系数的雷达高度计二阶回波模型,该模型适用于大误指向角情况下的回波重跟踪处理.本文利用该模型对HY-2A卫星雷达高度计的回波...本文分析了雷达高度计在天线误指向角较大的情况下,目前常用的回波模型存在的主要问题.提出了一个带有偏斜度系数的雷达高度计二阶回波模型,该模型适用于大误指向角情况下的回波重跟踪处理.本文利用该模型对HY-2A卫星雷达高度计的回波数据进行了处理,并将处理结果与NDBC(National Data Buoy Center)的海洋浮标观测数据做了比较,获得了比现有模型更好的结果.展开更多
基金supported by China Natural Science Foundation (70701035, 70425004 and 70221001)Hunan Natural Science Foundation (09JJ1010)+1 种基金the Key Research Institute of PhilosophiesSocial Sciences in Hunan Universities
文摘The skewness of the return distribution is one of the important features of the security price.In this paper,the authors try to explore the relationship between the skewness and the coefficient ofrisk premium.The coefficient of the risk premium is estimated by a GARCH-M model,and the robustmeasurement of skewness is calculated by Groeneveld-Meeden method.The empirical evidences forthe composite indexes from 33 securities markets in the world indicate that the risk compensationrequirement in the market where the return distribution is positively skewed is virtually zero,andthe risk compensation requirement is positive in a significant level in the market where the returndistribution is negative skewed.Moreover,the skewness is negatively correlated with the coefficient ofthe risk premium.
文摘In this study, we explore the application of ACP (asymptotic curve based and proportionality oriented) Alpha Beta (αβ) Nonlinear Math to analyze arithmetic and radiation transmission data. Specifically, we investigate the relationship between two variables. The novel approach involves collecting elementary “y” data and subsequently analyzing the asymptotic cumulative or demulative (opposite of cumulative) Y data. In part I, we examine the connection between the common linear numbers and ideal nonlinear numbers. In part II, we delve into the relationship between X-ray energy and the radiation transmission for various thin film materials. The fundamental physical law asserts that the nonlinear change in continuous variable Y is negatively proportional to the nonlinear change in continuous variable X, expressed mathematically as dα = −Kdβ. Here: dα {Y, Yu, Yb} represents the change in Y, with Yu and Yb denoting the upper and baseline asymptote of Y. dβ {X, Xu, Xb} represents the change in X, with Xu and Xb denoting the upper and baseline asymptote of X. K represents the proportionality constant or rate constant, which varies based on equation arrangement. K is the key inferential factor for describing physical phenomena.
文摘本文分析了雷达高度计在天线误指向角较大的情况下,目前常用的回波模型存在的主要问题.提出了一个带有偏斜度系数的雷达高度计二阶回波模型,该模型适用于大误指向角情况下的回波重跟踪处理.本文利用该模型对HY-2A卫星雷达高度计的回波数据进行了处理,并将处理结果与NDBC(National Data Buoy Center)的海洋浮标观测数据做了比较,获得了比现有模型更好的结果.
