The Empirical Tests on Risk in Chinese Futures Market

The Research on Market Risks has been developed abroad in all sorts of markets since 1960＇s. It＇s necessary to comprehend and consider opportunity and challenge in Chinese futures market from the viewpoint of risk management. With different ARCH models, we find heteroscedasticity does exist in Chinese market, so we adopt the Variance Ratio. We test empirically the prices of Chinese futures market from 1993 to 2002. The results show that only futures price of copper meets the random walk, thereby confirming the weak form market efficiency. It also means that the function of price discovery is weak and the risk of futures market is poor. Finally, we give much constructive policy advice.

The Problems and the Reform of College English Test in China

Beginning with the analysis of the problems that the College English Test （CET） in China has brought about in recent years, this paper aims to introduce its recent reform both in the test contents and the management system, administered by Ministry of Education of China.

Web Services-Based Test Report Generation

Tests involving a large number of test cases and test scenarios are always time- and effort- intensive, and use ad hoc approaches. Test management is needed to control the complexity and the qual- ity of the testing of large software systems. The reporting mechanism is critical for monitoring the testing progress, analyzing test results, and evaluating the test effectiveness for a disciplined testing process throughout the testing lifecycle. This paper presents an XML-based report generation method for large sys- tem testing. The service-oriented architecture enables flexible test report generation, presentation, and ex- change to facilitate collaboration in a distributed environment. The results show that proper reporting can ef- fectively improve the visibility of the testing process and that this web-based approach is critical to enhance communication among multiple testing groups.

Automatically Identifying Calling-Prone Higher-Order Functions of Scala Programs to Assist Testers

For the rapid development of internetware, functional programming languages, such as Haskell and Scala, can be used to implement complex domain-specific applications. In functional programming languages, a higher-order function is a function that takes functions as parameters or returns a function. Using higher-order functions in programs can increase the generality and reduce the redundancy of source code. To test a higher-order function, a tester needs to check the requirements and write another function as the test input. However, due to the complex structure of higher-order functions, testing higher-order functions is a time-consuming and labor-intensive task. Testers have to spend an amount of manual effort in testing all higher-order functions. Such testing is infeasible if the time budget is limited, such as a period before a project release. In practice, not every higher-order function is actually called. We refer to higher-order functions that are about to be called as calling-prone ones. Calling-prone higher-order functions should be tested first. In this paper, we propose an automatic approach, namely PHOF, which predicts whether a higher-order function of Scala programs will be called in the future, i.e., identifying calling-prone higher-order functions. Our approach can assist testers to reduce the number of higher-order functions of Scala programs under test. In PHOF, we extracted 24 features from source code and logs to train a predictive model based on known higher-order function calls. We empirically evaluated our approach on 4832 higher-order functions from 27 real-world Scala projects. Experimental results show that PHOF based on the random forest algorithm and the Synthetic Minority Oversampling Technique Processing strategy (SMOTE) performs well in the prediction of calls of higher-order functions. Our work can be used to support the scheduling of limited test resources.