• Title/Summary/Keyword: Interest Rates

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APPROACHES TO SAMPLE SIZE ESTIMATION IN THE DESIGN OF CLINICAL TRIALS-A REVIEW

  • Donner Allan
    • 대한예방의학회:학술대회논문집
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    • 1994.02b
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    • pp.297-312
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    • 1994
  • Over the last decade, considerable interest has focused on sample size estimation in the design of clinical trials. The resulting literature is scattered over many textbooks and journals. This paper presents these methods in a single review and comments on their application in practice.

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Simulation Study for Statistical Methods in Comparing Cure Rates between Two Groups (모의실험을 통한 두 처리군간 치료율 비교방법 연구)

  • 박미라;이재원;진서훈
    • The Korean Journal of Applied Statistics
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    • v.17 no.2
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    • pp.253-267
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    • 2004
  • In some clinical trials, one may see that a significant fraction of patients are cured and their original disease does not recur even after termination of treatment and pro-longed follow-up. This situation occurs frequently in pediatric cancer trials where there are excellent therapeutic results. In such cases, interest concentrated on the difference of cure rates rather than other types of differences in failure distributions. Various authors have investigated the parametric and nonparametric methods for testing the difference of cure rates. In this study, we compare by simulation the power and size of a parametric test and five nonparametric tests in a various range of the alternatives, censoring rates and cure rates. Our objectives are to determine if any test was preferable on the basis of size and power in various situation, and to investigate the effect of the model misspecification.

JPEG-2000 Gradient-Based Coding: An Application To Object Detection

  • Lee, Dae Yeol;Pinto, Guilherme O.;Hemami, Sheila S.
    • Proceedings of the Korean Society of Broadcast Engineers Conference
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    • 2013.11a
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    • pp.165-168
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    • 2013
  • Image distortions, such as quantization errors, can have a severe negative impact on the performance of computer vision algorithms, and, more specifically, on object detection algorithms. State-of-the-art implementations of the JPEG-2000 image coder commonly allocate the available bits to minimize the Mean-Squared-Error (MSE) distortion between the original image and the resulting compressed image. However, considering that some state-of-the-art object detection methods use the gradient information as the main image feature, an improved object detection performance is expected for JPEG-2000 image coders that allocate the available bits to minimize the distortions on the gradient content. Accordingly, in this work, the Gradient Mean-Squared-Error (GMSE) based JPEG-2000 coder presents an improved object detection performance over the MSE based JPEG-2000 image coder when the object of interest is located at the same spatial location of the image regions with the strongest gradients and also for high bit-rates. For low bit-rates (e.g. 0.07bpp), the GMSE based JPEG-2000 image coder becomes overly selective in choosing the gradients to preserve, and, as a result, there is a greater chance of mismatch between the spatial locations of the gradients that the coder is trying to preserve and the spatial locations of the objects of interest.

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Is Currency Depreciation or More Government Debt Expansionary? The Case of Malaysia

  • Hsing, Yu
    • Asian Journal of Business Environment
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    • v.7 no.4
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    • pp.5-9
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    • 2017
  • Purpose - Many countries rely on currency depreciation or debt-financed government spending to stimulate their economies. Currency depreciation tends to increase net exports and aggregate demand but reduce short-run aggregate supply due to higher import costs. Debt-financed government spending increases aggregate demand, but the crowding-out effect due to a higher real interest rate may reduce private spending and aggregate demand. Therefore, the net impact of currency depreciation or debt-financed government spending on equilibrium real GDP is unclear. Research design, data, and methodology - This paper examines potential impacts of real depreciation of the ringgit, more government debt as a percent of GDP and other relevant macroeconomic variables on aggregate output in Malaysia. Results - Applying the AD/AS model, this paper finds that aggregate output in Malaysia is positively associated with real appreciation during 2005.Q3-2010.Q3, real depreciation during 2010.Q4-2016.Q1, the debt-to-GDP ratio and the real stock price, negatively affected by the real lending rate and inflation expectations, and is not influenced by the real oil price. Conclusions - Real depreciation of the ringgit after 2010. Q3 or sustainable expansionary fiscal policy would be beneficial to the economy.

Impacts of the Real Effective Exchange Rate and the Government Deficit on Aggregate Output in Australia

  • Hsing, Yu
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.1
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    • pp.19-23
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    • 2017
  • Based on a simultaneous-equation model consisting of aggregate demand and short-run aggregate supply, this paper estimates a reduced-form equation specifying that the equilibrium real GDP is a function of the real effective exchange rate, the government deficit as a percent of GDP, the real interest rate, foreign income, labor productivity, the real oil price, the expected inflation rate, and the interactive and intercept binary variables accounting for a potential change in the slope of the real effective exchange rate and shift in the intercept. Applying the exponential GARCH technique, it finds that aggregate output in Australia has a positive relationship with the real effective exchange rate during 2003.Q3 - 2013.Q2, the government deficit as a percent of GDP, U.S. real GDP, labor productivity and the real oil price and a negative relationship with the real effective exchange rate during 2013.Q3 - 2016.Q1, the real lending rate and the expected inflation rate. These results suggest that real appreciation was expansionary before 2013.Q3 whereas real depreciation was expansionary after 2013.Q2 and that more government deficit as a percent of GDP would be helpful to stimulate the economy. Hence, the impact of real appreciation or real depreciation on real GDP may change overtime.

Some Dependence Structures of Multivariate Processes

  • Jong Il Baek
    • Communications for Statistical Applications and Methods
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    • v.2 no.1
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    • pp.201-208
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    • 1995
  • In the last years there has been growing interest in concepts of positive dependence for families of random variables such that concepts are considerable us in deriving inequalities in probability and statistics. Lehman introdued various concepts of positive dependence for bivariate random variables. A much stronger notions of positive dependence were later considered by Esary, Proschan, and Walkup. Ahmed et al and Ebrahimi and Ghosh also obtained multivariate versions of various bivariate positive dependence as descrived by Lehman. See also Block al. Glaz and Johnson an Barlow and Proschan and the references there. Multivariate processes arise when instead of observing a single process we observe several processes, say $X_19t), \cdots, X_n(t)$ simultaneously. For example, in an engineering context we may want to study the simultaneous variation of current and voltage, or temperature, pressure and volume over time. In economics we may be interested in studying inflation rates and money supply, unemployment and interest rates. We could of course, study each quantity on its own and treat each as a separate univariate process. Although this would give us some information about each quantity it could never give information about the interrelationship between various quantities. This leads us to introduce some concepts of positive and for multivariate stochastic processes. The concepts of positive dependence have subsequently been extended to stochastic processes in different directions by many authors.

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Is Currency Appreciation or Depreciation Expansionary in Thailand?

  • Hsing, Yu
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.1
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    • pp.5-9
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    • 2018
  • Many developing countries have attempted to depreciate their currencies in order to make their products cheaper, stimulate exports, shift aggregate demand to the right, and increase aggregate output. However, currency depreciation tends to increase import prices, raise domestic inflation, reduce capital inflows, and shift aggregate supply to the left. The net impact is unclear. The paper incorporates the monetary policy function in the model, which is determined by the inflation gap, the output gap, the real effective exchange rate, and the world real interest rate. Applying an extended IS-MP-AS model (Romer, 2000), the paper finds that real depreciation raised real GDP during 1997.Q1-2005.Q3 whereas real appreciation increased real GDP during 2005.Q4-2017.Q2. In addition, a higher government debt-to-GDP ratio, a lower U.S. real federal funds rate, a higher real stock price, a lower real oil price or a lower expected inflation rate would help increase real GDP. Hence, real depreciation or real appreciation may increase or reduce aggregate output, depending upon the level of economic development. Although expansionary fiscal policy is effective in stimulating the economy, caution needs to be exercised as there may be a debt threshold beyond which a further increase in the debt-to-GDO ratio would hurt economic growth.

Information Variables for the Predictability of Future Changes in Real Growth (실질 성장의 미래 변화 예측을 위한 정보변수)

  • Kim, Tae Ho;Jung, Jae Hwa;Kim, Min Jeong
    • The Korean Journal of Applied Statistics
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    • v.26 no.2
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    • pp.253-265
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    • 2013
  • It has been interested in developing useful information variables that are able to predict the future movement of final objects to attain the specific policy and strategic target. Term structure of interest rates is known as an important variable to predict future business and economic activity, yet there is little empirical work on the predictability of future changes in real output. This study attempts to develop the statistical model and examine whether domestic term structure of interest rates can predict variations of future cumulative changes in real growth on a long time horizon.

Region-based scalable self-recovery for salient-object images

  • Daneshmandpour, Navid;Danyali, Habibollah;Helfroush, Mohammad Sadegh
    • ETRI Journal
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    • v.43 no.1
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    • pp.109-119
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    • 2021
  • Self-recovery is a tamper-detection and image recovery methods based on data hiding. It generates two types of data and embeds them into the original image: authentication data for tamper detection and reference data for image recovery. In this paper, a region-based scalable self-recovery (RSS) method is proposed for salient-object images. As the images consist of two main regions, the region of interest (ROI) and the region of non-interest (RONI), the proposed method is aimed at achieving higher reconstruction quality for the ROI. Moreover, tamper tolerability is improved by using scalable recovery. In the RSS method, separate reference data are generated for the ROI and RONI. Initially, two compressed bitstreams at different rates are generated using the embedded zero-block coding source encoder. Subsequently, each bitstream is divided into several parts, which are protected through various redundancy rates, using the Reed-Solomon channel encoder. The proposed method is tested on 10 000 salient-object images from the MSRA database. The results show that the RSS method, compared to related methods, improves reconstruction quality and tamper tolerability by approximately 30% and 15%, respectively.

The Effect of Housing Price Changes on the Performance of Korean Regional Banks (주택가격변동이 지방은행의 경영성과에 미치는 영향)

  • Han, Myunghoon;Jung, Heonyong
    • The Journal of the Convergence on Culture Technology
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    • v.7 no.2
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    • pp.165-170
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    • 2021
  • This study analyzed the effect of housing price changes on the performance of Korean regional banks using DOLS model. The analysis shows that housing price changes does not have a statistically significant effect on the loan growth, profitability and soundness of regional banks. Among macroeconomic variables, only short-term interest rates have a significant positive effect on any model. This means that a rise in short-term interest rates significantly increases loans by regional banks, which leads to a significant increase in profitability, but has a significant negative impact on soundness. On the other hand, bank characteristics variables are found to have a significant negative effect on the loan growth, profitability and soundness of Korean regional banks.