Extreme events are defined as values of the event below or above a certain value called threshold. A well chosen threshold helps to identify the extreme levels. Several methods have been used to determine threshold so...Extreme events are defined as values of the event below or above a certain value called threshold. A well chosen threshold helps to identify the extreme levels. Several methods have been used to determine threshold so as to analyze and model extreme events. One of the most successful methods is the maximum product of spacing (MPS). However, there is a problem encountered while modeling data through this method in that the method breaks down when there is a tie in the exceedances. This study offers a solution to model data even if it contains ties. To do so, an optimal threshold that gives more optimal parameters for extreme events, was determined. The study achieved its main objective by deriving a method that improved MPS method for determining an optimal threshold for extreme values in a data set containing ties, estimated the Generalized Pareto Distribution (GPD) parameters for the optimal threshold derived and compared these GPD parameters with GPD parameters determined through the standard MPS model. The study improved maximum product of spacing method and used Generalized Pareto Distribution (GPD) and Peak over threshold (POT) methods as the basis of identifying extreme values. This study will help the statisticians in different sectors of our economy to model extreme events involving ties. To statisticians, the structure of the extreme levels which exist in the tails of the ordinary distributions is very important in analyzing, predicting and forecasting the likelihood of an occurrence of the extreme event.展开更多
The purpose of this review was to profile the existing innovations in the value addition of agricultural by-products and suggest innovations that could yield more value-added products from the available agricultural b...The purpose of this review was to profile the existing innovations in the value addition of agricultural by-products and suggest innovations that could yield more value-added products from the available agricultural by-products in Uganda. These by-products were from crops, livestock, fish and forestry sub-sectors. The review indicated 7.8 million tons from the crops’ subsector, 6.69 million skins and hides, 2280 million tons of cow dung and 390,550 tons of chicken dung from the livestock subsector, 36,000 tons from the fish subsector and 440,000 m3 of sawdust and offcuts from the forestry sub-sector. Current innovations in value-addition of agricultural by-products included the making of briquettes, organic fertilizers, biogas, biochar, pellets and organic pesticides from the crop subsector. Cow dung from the livestock is used for plastering walls of houses, used as fertilizer and used for the production of biogas. Chicken droppings are as well used as fertilizer and for production of biogas. Fish frames and skins are mainly consumed in smoked form whereas trimmings are usually rolled into fish balls and then fried for people to eat while the fats are used for frying the fish balls. Sawdust has been mixed with cement to make wood-cement composite bricks that reduce the overall weight of the building. It is also being used as feed in the Indigenous Micro-Organisms (IMO) technology in the production of pigs. Proposed innovations include the use of bones to produce soft tissue, buttons, knife handles and bone meal. Blood can be used in making adhesives and fertilizers while fish oil is a major dietary source of long chain omega-3 polyunsaturated fatty acids and so can be utilized to enrich different food products.展开更多
Economics is a science that studies how the economy grows,so the theory of economic growth is the most important theory of economics.In the real market economy society,people achieve the goal of economic growth throug...Economics is a science that studies how the economy grows,so the theory of economic growth is the most important theory of economics.In the real market economy society,people achieve the goal of economic growth through two kinds of economic activities:production and transaction.Then a correct economic growth theory must be one that can explain both production and transaction economic activities.Just like Newton’s law of universal gravitation in physics,it can explain the motion law of all objects.For a long time,we have been dominated by the western economic growth theory of western mainstream economics.It is not difficult to find that it has a fatal defect,which can only explain production economic activities but not transaction economic activities.So it can’t explain the Chinese economy,and it can’t explain the western economy.The new economic growth theory proposed in this paper makes up for the defects of western economic growth theory,and it is the terminator of western economic growth theory.This is a revolution of new economics to traditional western economics.展开更多
To Statisticians, the structure of the extreme levels which exist in the tails of the ordinary distributions is very important in analyzing, predicting and forecasting the likelihood of an occurrence of extreme event....To Statisticians, the structure of the extreme levels which exist in the tails of the ordinary distributions is very important in analyzing, predicting and forecasting the likelihood of an occurrence of extreme event. Extreme events are defined as values of the event below or above a certain value called threshold. A well chosen threshold helps to identify the extreme levels. Several methods have been used to determine threshold so as to analyze and model extreme events. One of the most successful methods is the maximum product of spacing (MPS). However, there is a problem encountered while modeling data through this method in that the method breaks down when there is a tie in the exceedances. This study offers a solution to model data even when it contains ties. In the study, a method that improved MPS method for determining an optimal threshold for extreme values in a data set containing ties was derived. The Generalized Pareto Distribution (GPD) parameters for the optimal threshold were derived and compared to GPD parameters determined through the standard MPS model. The study improved the standard MPS methodology by introducing the concept of frequency and used Generalized Pareto Distribution (GPD) and Peak over threshold (POT) methods as the basis of identifying extreme values. The improved MPS models and the standard models were applied to Nairobi Securities Exchange (NSE) trading volume data to determine the GPD parameters for different sectors registered in NSE market and their performance compared. It was realized that the improved MPS model performed better than the standard models. This study will help the Statisticians in different sectors of our economy to model extreme events involving ties.展开更多
A simple but useful method of analysis of hyperbolic processes is presented and its application is illustrated by using the growth of human population in Africa, the economic growth in Western Europe and the examinati...A simple but useful method of analysis of hyperbolic processes is presented and its application is illustrated by using the growth of human population in Africa, the economic growth in Western Europe and the examination of the fundamental postulates of the Unified Growth Theory. It is shown how this method can revolutionize the interpretation of the historical economic growth and the growth of human population and how it can help to understand the current growth. Examples used to illustrate the application of this method show that, contrary to the accepted interpretations, the Industrial Revolution and the accompanying unprecedented technological development had no impact on the economic growth even in Western Europe and that Galor’s Unified Growth Theory fails the scientific test.展开更多
文摘Extreme events are defined as values of the event below or above a certain value called threshold. A well chosen threshold helps to identify the extreme levels. Several methods have been used to determine threshold so as to analyze and model extreme events. One of the most successful methods is the maximum product of spacing (MPS). However, there is a problem encountered while modeling data through this method in that the method breaks down when there is a tie in the exceedances. This study offers a solution to model data even if it contains ties. To do so, an optimal threshold that gives more optimal parameters for extreme events, was determined. The study achieved its main objective by deriving a method that improved MPS method for determining an optimal threshold for extreme values in a data set containing ties, estimated the Generalized Pareto Distribution (GPD) parameters for the optimal threshold derived and compared these GPD parameters with GPD parameters determined through the standard MPS model. The study improved maximum product of spacing method and used Generalized Pareto Distribution (GPD) and Peak over threshold (POT) methods as the basis of identifying extreme values. This study will help the statisticians in different sectors of our economy to model extreme events involving ties. To statisticians, the structure of the extreme levels which exist in the tails of the ordinary distributions is very important in analyzing, predicting and forecasting the likelihood of an occurrence of the extreme event.
文摘The purpose of this review was to profile the existing innovations in the value addition of agricultural by-products and suggest innovations that could yield more value-added products from the available agricultural by-products in Uganda. These by-products were from crops, livestock, fish and forestry sub-sectors. The review indicated 7.8 million tons from the crops’ subsector, 6.69 million skins and hides, 2280 million tons of cow dung and 390,550 tons of chicken dung from the livestock subsector, 36,000 tons from the fish subsector and 440,000 m3 of sawdust and offcuts from the forestry sub-sector. Current innovations in value-addition of agricultural by-products included the making of briquettes, organic fertilizers, biogas, biochar, pellets and organic pesticides from the crop subsector. Cow dung from the livestock is used for plastering walls of houses, used as fertilizer and used for the production of biogas. Chicken droppings are as well used as fertilizer and for production of biogas. Fish frames and skins are mainly consumed in smoked form whereas trimmings are usually rolled into fish balls and then fried for people to eat while the fats are used for frying the fish balls. Sawdust has been mixed with cement to make wood-cement composite bricks that reduce the overall weight of the building. It is also being used as feed in the Indigenous Micro-Organisms (IMO) technology in the production of pigs. Proposed innovations include the use of bones to produce soft tissue, buttons, knife handles and bone meal. Blood can be used in making adhesives and fertilizers while fish oil is a major dietary source of long chain omega-3 polyunsaturated fatty acids and so can be utilized to enrich different food products.
文摘Economics is a science that studies how the economy grows,so the theory of economic growth is the most important theory of economics.In the real market economy society,people achieve the goal of economic growth through two kinds of economic activities:production and transaction.Then a correct economic growth theory must be one that can explain both production and transaction economic activities.Just like Newton’s law of universal gravitation in physics,it can explain the motion law of all objects.For a long time,we have been dominated by the western economic growth theory of western mainstream economics.It is not difficult to find that it has a fatal defect,which can only explain production economic activities but not transaction economic activities.So it can’t explain the Chinese economy,and it can’t explain the western economy.The new economic growth theory proposed in this paper makes up for the defects of western economic growth theory,and it is the terminator of western economic growth theory.This is a revolution of new economics to traditional western economics.
文摘To Statisticians, the structure of the extreme levels which exist in the tails of the ordinary distributions is very important in analyzing, predicting and forecasting the likelihood of an occurrence of extreme event. Extreme events are defined as values of the event below or above a certain value called threshold. A well chosen threshold helps to identify the extreme levels. Several methods have been used to determine threshold so as to analyze and model extreme events. One of the most successful methods is the maximum product of spacing (MPS). However, there is a problem encountered while modeling data through this method in that the method breaks down when there is a tie in the exceedances. This study offers a solution to model data even when it contains ties. In the study, a method that improved MPS method for determining an optimal threshold for extreme values in a data set containing ties was derived. The Generalized Pareto Distribution (GPD) parameters for the optimal threshold were derived and compared to GPD parameters determined through the standard MPS model. The study improved the standard MPS methodology by introducing the concept of frequency and used Generalized Pareto Distribution (GPD) and Peak over threshold (POT) methods as the basis of identifying extreme values. The improved MPS models and the standard models were applied to Nairobi Securities Exchange (NSE) trading volume data to determine the GPD parameters for different sectors registered in NSE market and their performance compared. It was realized that the improved MPS model performed better than the standard models. This study will help the Statisticians in different sectors of our economy to model extreme events involving ties.
文摘A simple but useful method of analysis of hyperbolic processes is presented and its application is illustrated by using the growth of human population in Africa, the economic growth in Western Europe and the examination of the fundamental postulates of the Unified Growth Theory. It is shown how this method can revolutionize the interpretation of the historical economic growth and the growth of human population and how it can help to understand the current growth. Examples used to illustrate the application of this method show that, contrary to the accepted interpretations, the Industrial Revolution and the accompanying unprecedented technological development had no impact on the economic growth even in Western Europe and that Galor’s Unified Growth Theory fails the scientific test.