• Asia-Pacific Journal of Business
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• v.11 no.3
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• pp.199-215
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• 2020

Purpose - This article tries to test if the conditional consumption capital asset pricing model (CCAPM) with bank credit for household as a conditional variable can explain the cross-sectional variation of stock returns in Korea. The performance of conditional CCAPM is compared to that of multifactor asset pricing models based on Arbitrage Pricing Theory. Design/methodology/approach - This paper extends the simple CCAPM to the conditional version of CCAPM by using bank credit for household as conditioning information. By employing KOSPI and KOSDAQ stocks as test assets from the second quarter of 2003 to the first quarter of 2018, this paper estimates risk premiums of conditional CCAPM and a variety of multifactor linear models such as Fama-French three and five-factor models. The significance of risk factors and the adjusted coefficient of determination are the basis for the comparison in models' performances. Findings - First, the paper finds that conditional CCAPM with bank credit performs as well as the multifactor linear models from Arbitrage Pricing theory on 25 test assets sorted by size and book-to-market. When using long-term consumption growth, the conditional CCAPM explains the cross-sectional variation of stock returns far better than multifactor models. Not only that, although the performances of multifactor models decrease on 75 test assets, conditional CCAPM's performance is well maintained. Research implications or Originality - This paper proposes bank credit for household as a conditional variable for CCAPM. This enables CCAPM, one of the most famous economic asset pricing models, to conform with the empirical data. In light of this, we can now explain the cross-sectional variation of stock returns from an economic perspective: Asset's riskiness is determined by its correlation with consumption growth conditional on bank credit for household.

• Proceedings of the Korean Institute of Intelligent Systems Conference
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• 2003.05a
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• pp.18-21
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• 2003

We propose some properties of fuzzy conditional expectation of hybrid number the addition of fuzzy number and random variable using Cartesian product distance for ${\alpha}$-level sets.

• Communications for Statistical Applications and Methods
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• v.8 no.3
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• pp.753-765
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• 2001

We suggest a quantitative conditional unrelated question model that can be used in obtaining more sensitive information. For whom say "yes" about the less 7han sensitive question .B we ask only about the more sensitive variable X. We extend our model to two sample case when there is no information about the true mean of the unrelated variable Y. Finally we compare the efficiency of our model with that of Greenberg et al.′s.

• Journal of the Korean Society of Visualization
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• v.2 no.1
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• pp.8-11
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• 2004

Conditional sampling measurement is required for conditional averages as well as unconditional Favre averages to resolve different flame structures of turbulent combustion. A Favre average can be obtained as an integral of conditional average and Favre PDF in terms of the mixture fraction, which is a preferred choice as a sampling variable in diffusion controlled turbulent combustion. MILD combustion data are presented as an example for a conditionally averaged data set and comparison with CMC calculation results.

• Journal of applied mathematics & informatics
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• v.41 no.6
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• pp.1341-1364
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• 2023

This article introduces a method for estimating the conditional hazard function of a real-valued response variable based on a functional variable. The method uses local linear estimation of the conditional density and cumulative distribution function and is applied to a functional stationary ergodic process where the explanatory variable is in a semi-metric space and the response is a scalar value. We also examine the uniform almost complete convergence of this estimation technique.

• 한국연소학회:학술대회논문집
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• 1997.06a
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• pp.113-122
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• 1997

The conditional moment closure formulation considering the molecular and turbulent diffusion is derived. A simplified solution procedure is proposed to reduce the computational burden due to the increased dimensionality of the conditionally averaged variables. A conditionally averaged variable is expressed as a linear weighted average of the two extremes, 'no reaction' and 'equilibrium' states. The modified elliptic-type conditional moment closure formulation is implemented to simulate a two dimensional nonpremixed mixing layer reacting flow. Results show good agreement for the conditional averages of the species concentration in Bilger et al.

• Journal of KIISE:Software and Applications
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• v.36 no.12
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• pp.1034-1037
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• 2009

Sign language spotting is the task of detecting the start and end points of signs from continuous data and recognizing the detected signs in the predefined vocabulary. The difficulty with sign language spotting is that instances of signs vary in both motion and shape. Moreover, signs have variable motion in terms of both trajectory and length. Especially, variable sign lengths result in problems with spotting signs in a video sequence, because short signs involve less information and fewer changes than long signs. In this paper, we propose a method for spotting variable lengths signs based on semi-CRF (semi-Markov Conditional Random Field). We performed experiments with ASL (American Sign Language) and KSL (Korean Sign Language) dataset of continuous sign sentences to demonstrate the efficiency of the proposed method. Experimental results show that the proposed method outperforms both HMM and CRF.

• Journal of the Korean Data and Information Science Society
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• v.23 no.1
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• pp.121-129
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• 2012

Association rule mining searches for interesting relationships among items in a given database. Currently, study of the constraint-based association rules are underway by many researchers. When we create relation rule, we can often find a lot of rules. Of this rules, we can find rule that direct relativity by marginally conditional variables (intervening variable, external variable) does not exist. In such a case, this association rule can be considered insignificant. In this study, we want to study for association rules creation using marginally conditional variable. The result of this study can find meaningless association rules. Also, we can understand more exactly the relationships between variables.

• 한국연소학회:학술대회논문집
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• 2002.06a
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• pp.41-45
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• 2002

The zone-conditioned CMC equations are derived by taking an unconditional average of the generic conservation equations multiplied by delta and Heaviside functions in terms of mixture fraction and reaction progress variable. The resulting equations are essentially in the same form as the single zone CMC equations except for separate flow fields for burned and unburned gas. The zone-conditioned two-fluid equations are applied to a stagnating turbulent premixed flame brush of Cheng and Shepherd[5l. It is shown that the flame stretch factor is of crucial importance to accurately reproduce the measured mean reaction progress variable and conditional velocities. Further work is in progress for the relationship between surface and volume averages and extension to partially premixed combustion on the basis of a triple flame structure, e. g. in a lifted turbulent diffusion flame.

• Journal of the Korean Institute of Telematics and Electronics
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• v.26 no.9
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• pp.1299-1307
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• 1989

A Korean syllable is regarded as a random variable according to its probabilistic property in occurrence. A Korean syllable is divided into a 'choseong', a 'jungseong', and a 'jongseong' which are regarded as random variables. From the cumulative freaquency of a Korean syllable all possible joint probabilities and conditional probabilities are computed for the three ramdom variables. From the joint probabilities and the conditional probabilities all possible joint entropies and conditional entropies are computed for the three random varibles. Also all possible average mutual informations are calculated for the three random variables. Average mutual informatin between two random variables hss its biggest value between choseong and jungseong. Average mutual information between a random variable and other two random variables has its biggest value between jungseong and choseong-jongseong.