2,151 research outputs found

    Corporate Bankruptcy Prediction

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    Bankruptcy prediction is one of the most important research areas in corporate finance. Bankruptcies are an indispensable element of the functioning of the market economy, and at the same time generate significant losses for stakeholders. Hence, this book was established to collect the results of research on the latest trends in predicting the bankruptcy of enterprises. It suggests models developed for different countries using both traditional and more advanced methods. Problems connected with predicting bankruptcy during periods of prosperity and recession, the selection of appropriate explanatory variables, as well as the dynamization of models are presented. The reliability of financial data and the validity of the audit are also referenced. Thus, I hope that this book will inspire you to undertake new research in the field of forecasting the risk of bankruptcy

    A systematic review of machine learning techniques related to local energy communities

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    In recent years, digitalisation has rendered machine learning a key tool for improving processes in several sectors, as in the case of electrical power systems. Machine learning algorithms are data-driven models based on statistical learning theory and employed as a tool to exploit the data generated by the power system and its users. Energy communities are emerging as novel organisations for consumers and prosumers in the distribution grid. These communities may operate differently depending on their objectives and the potential service the community wants to offer to the distribution system operator. This paper presents the conceptualisation of a local energy community on the basis of a review of 25 energy community projects. Furthermore, an extensive literature review of machine learning algorithms for local energy community applications was conducted, and these algorithms were categorised according to forecasting, storage optimisation, energy management systems, power stability and quality, security, and energy transactions. The main algorithms reported in the literature were analysed and classified as supervised, unsupervised, and reinforcement learning algorithms. The findings demonstrate the manner in which supervised learning can provide accurate models for forecasting tasks. Similarly, reinforcement learning presents interesting capabilities in terms of control-related applications.publishedVersio

    Creative Thinking and Modelling for the Decision Support in Water Management

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    This paper reviews the state of art in knowledge and preferences elicitation techniques. The purpose of the study was to evaluate various cognitive mapping techniques in order to conclude with the identification of the optimal technique for the NetSyMod methodology. Network Analysis – Creative System Modelling (NetSyMod) methodology has been designed for the improvement of decision support systems (DSS) with respect to the environmental problems. In the paper the difference is made between experts and stakeholders knowledge and preference elicitation methods. The suggested technique is very similar to the Nominal Group Techniques (NGT) with the external representation of the analysed problem by means of the Hodgson Hexagons. The evolving methodology is undergoing tests within several EU-funded projects such as: ITAES, IISIM, NostrumDSS.Creative modelling, Cognitive mapping, Preference elicitation techniques, Decision support

    Adaptive Algorithms For Classification On High-Frequency Data Streams: Application To Finance

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    Mención Internacional en el título de doctorIn recent years, the problem of concept drift has gained importance in the financial domain. The succession of manias, panics and crashes have stressed the nonstationary nature and the likelihood of drastic structural changes in financial markets. The most recent literature suggests the use of conventional machine learning and statistical approaches for this. However, these techniques are unable or slow to adapt to non-stationarities and may require re-training over time, which is computationally expensive and brings financial risks. This thesis proposes a set of adaptive algorithms to deal with high-frequency data streams and applies these to the financial domain. We present approaches to handle different types of concept drifts and perform predictions using up-to-date models. These mechanisms are designed to provide fast reaction times and are thus applicable to high-frequency data. The core experiments of this thesis are based on the prediction of the price movement direction at different intraday resolutions in the SPDR S&P 500 exchange-traded fund. The proposed algorithms are benchmarked against other popular methods from the data stream mining literature and achieve competitive results. We believe that this thesis opens good research prospects for financial forecasting during market instability and structural breaks. Results have shown that our proposed methods can improve prediction accuracy in many of these scenarios. Indeed, the results obtained are compatible with ideas against the efficient market hypothesis. However, we cannot claim that we can beat consistently buy and hold; therefore, we cannot reject it.Programa de Doctorado en Ciencia y Tecnología Informática por la Universidad Carlos III de MadridPresidente: Gustavo Recio Isasi.- Secretario: Pedro Isasi Viñuela.- Vocal: Sandra García Rodrígue

    All Quiet on the Protest Scene? Repertoires of Contention and Protest Actors During the Great Recession

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    The choice of specific action repertoires allows protesters to increase their visibility and eventually their success. A rise in protest, i.e. a protest wave, often comes with a qualitative expansion of the conflict, which can take two forms: changes in the action repertoire and a growing diversity of involved actors. In this chapter, we examine the types of protest and the types of actors over time. In so doing, we ask whether and how the Great Recession transformed customary action repertoires in southern, north-western, and eastern Europe. Hence, we show variations in the use of commonplace action forms, i.e. demonstrations, strikes, and confrontational and violent actions. We find that demonstrations and strikes remain the dominant form of protest across regions and time periods, while transformations in the action repertoire of contention, in the form of violent events, took place only in some parts of the south and were short lived. Lastly, we turn to actors and we show that protest events increasingly feature social groups without formal organizational structures. We conclude by arguing that contention repertoires remained largely unaffected by the Great Recession; demonstrations were and remained the prevailing form of protest in all three regions during the whole period under study
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