29 research outputs found

    Almon-KL estimator for the distributed lag model

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    The Almon technique is widely used to estimate the parameters of the distributed lag model (DLM). The technique suffers a setback from the challenge of multicollinearity because the explanatory variables and their lagged values are often correlated. The Almon-Ridge estimator (A-RE) and Almon-Liu estimator (A-LE) were introduced as alternative estimators for efficient modelling. We developed a new method of estimating the coefficients of the DLM using the Almon-KL estimator (A-KLE). A-KLE dominates the other estimators considered in this study via theoretical findings, simulation design and two numerical examples. The estimators’ performance was compared using the mean squared error

    A new estimator for the multicollinear Poisson regression model: simulation and application

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    The maximum likelihood estimator (MLE) suffers from the instability problem in the presence of multicollinearity for a Poisson regression model (PRM). In this study, we propose a new estimator with some biasing parameters to estimate the regression coefficients for the PRM when there is multicollinearity problem. Some simulation experiments are conducted to compare the estimators\u27 performance by using the mean squared error (MSE) criterion. For illustration purposes, aircraft damage data has been analyzed. The simulation results and the real-life application evidenced that the proposed estimator performs better than the rest of the estimators

    A comparative study of some robust ridge and liu estimators

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    In multiple linear regression analysis, multicollinearity and outliers are two main problems. When multicollinearity exists, biased estimation techniques such as Ridge and Liu Estimators are preferable to Ordinary Least Square. On the other hand, when outliers exist in the data, robust estimators like M, MM, LTS and S Estimators, are preferred. To handle these two problems jointly, the study combines the Ridge and Liu Estimators with Robust Estimators to provide Robust Ridge and Robust Liu estimators respectively. The Mean Square Error (MSE) criterion was used to compare the performance of the estimators. Application to the proposed estimators to three (3) real life data set with multicollinearity and outliers problems reveals that the M-Liu and LTS-Liu Estimator are generally most efficient..Keywords: Ordinary Least Squares, Ridge Regression Estimator, Liu Estimator, Robust Estimator, Robust Ridge Regression Estimator, Robust Liu Estimato

    A New Ridge-Type Estimator for the Gamma Regression Model

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    The known linear regression model (LRM) is used mostly for modelling the QSAR relationship between the response variable (biological activity) and one or more physiochemical or structural properties which serve as the explanatory variables mainly when the distribution of the response variable is normal. The gamma regression model is employed often for a skewed dependent variable. The parameters in both models are estimated using the maximum likelihood estimator (MLE). However, the MLE becomes unstable in the presence of multicollinearity for both models. In this study, we propose a new estimator and suggest some biasing parameters to estimate the regression parameter for the gamma regression model when there is multicollinearity. A simulation study and a real-life application were performed for evaluating the estimators\u27 performance via the mean squared error criterion. The results from simulation and the real-life application revealed that the proposed gamma estimator produced lower MSE values than other considered estimators

    Persistence and Volatility Spillovers of Bitcoin price to Gold and Silver prices

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    The paper investigated persistence, returns and volatility spill overs from the Bitcoin market to Gold and Silver markets using daily datasets from 2 January 2018 to 31 July 2020. We applied the fractional persistence framework to the price series, returns and volatility proxy series. The results showed that price persistence with Bitcoin posed the highest volatility, while Silver posed the lowest volatility. The results of multivariate GARCH modelling, using the CCC-VARMA-GARCH model and other lower variants indicated the impossibility of returns spill over between Bitcoin and Gold (or Silver) market, while there existed volatility spill overs and these were bi-directional in form of shocks and volatility transmissions. Appropriate portfolio management and hedging strategies rendered towards the end of the paper required more gold and silver investments in the portfolio of Bitcoin to fully have the diversification advantage and reduce risk to the minimum without reducing the portfolio return expectancy

    Predictive modelling of COVID-19 confirmed cases in Nigeria

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    The coronavirus outbreak is the most notable world crisis since the Second World War. The pandemic that originated from Wuhan, China in late 2019 has affected all the nations of the world and triggered a global economic crisis whose impact will be felt for years to come. This necessitates the need to monitor and predict COVID-19 prevalence for adequate control. The linear regression models are prominent tools in predicting the impact of certain factors on COVID-19 outbreak and taking the necessary measures to respond to this crisis. The data was extracted from the NCDC website and spanned from March 31, 2020 to May 29, 2020. In this study, we adopted the ordinary least squares estimator to measure the impact of travelling history and contacts on the spread of COVID-19 in Nigeria and made a prediction. The model was conducted before and after travel restriction was enforced by the Federal government of Nigeria. The fitted model fitted well to the dataset and was free of any violation based on the diagnostic checks conducted. The results show that the government made a right decision in enforcing travelling restriction because we observed that travelling history and contacts made increases the chances of people being infected with COVID-19 by 85% and 88% respectively. This prediction of COVID-19 shows that the government should ensure that most travelling agency should have better precautions and preparations in place before re-opening

    Burnout among surgeons before and during the SARS-CoV-2 pandemic: an international survey

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    Background: SARS-CoV-2 pandemic has had many significant impacts within the surgical realm, and surgeons have been obligated to reconsider almost every aspect of daily clinical practice. Methods: This is a cross-sectional study reported in compliance with the CHERRIES guidelines and conducted through an online platform from June 14th to July 15th, 2020. The primary outcome was the burden of burnout during the pandemic indicated by the validated Shirom-Melamed Burnout Measure. Results: Nine hundred fifty-four surgeons completed the survey. The median length of practice was 10 years; 78.2% included were male with a median age of 37 years old, 39.5% were consultants, 68.9% were general surgeons, and 55.7% were affiliated with an academic institution. Overall, there was a significant increase in the mean burnout score during the pandemic; longer years of practice and older age were significantly associated with less burnout. There were significant reductions in the median number of outpatient visits, operated cases, on-call hours, emergency visits, and research work, so, 48.2% of respondents felt that the training resources were insufficient. The majority (81.3%) of respondents reported that their hospitals were included in the management of COVID-19, 66.5% felt their roles had been minimized; 41% were asked to assist in non-surgical medical practices, and 37.6% of respondents were included in COVID-19 management. Conclusions: There was a significant burnout among trainees. Almost all aspects of clinical and research activities were affected with a significant reduction in the volume of research, outpatient clinic visits, surgical procedures, on-call hours, and emergency cases hindering the training. Trial registration: The study was registered on clicaltrials.gov "NCT04433286" on 16/06/2020

    Reducing the environmental impact of surgery on a global scale: systematic review and co-prioritization with healthcare workers in 132 countries

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    Abstract Background Healthcare cannot achieve net-zero carbon without addressing operating theatres. The aim of this study was to prioritize feasible interventions to reduce the environmental impact of operating theatres. Methods This study adopted a four-phase Delphi consensus co-prioritization methodology. In phase 1, a systematic review of published interventions and global consultation of perioperative healthcare professionals were used to longlist interventions. In phase 2, iterative thematic analysis consolidated comparable interventions into a shortlist. In phase 3, the shortlist was co-prioritized based on patient and clinician views on acceptability, feasibility, and safety. In phase 4, ranked lists of interventions were presented by their relevance to high-income countries and low–middle-income countries. Results In phase 1, 43 interventions were identified, which had low uptake in practice according to 3042 professionals globally. In phase 2, a shortlist of 15 intervention domains was generated. In phase 3, interventions were deemed acceptable for more than 90 per cent of patients except for reducing general anaesthesia (84 per cent) and re-sterilization of ‘single-use’ consumables (86 per cent). In phase 4, the top three shortlisted interventions for high-income countries were: introducing recycling; reducing use of anaesthetic gases; and appropriate clinical waste processing. In phase 4, the top three shortlisted interventions for low–middle-income countries were: introducing reusable surgical devices; reducing use of consumables; and reducing the use of general anaesthesia. Conclusion This is a step toward environmentally sustainable operating environments with actionable interventions applicable to both high– and low–middle–income countries

    An unbiased estimator with prior information

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    The ordinary least square (OLS) estimator suffers a breakdown in the presence of multicollinearity. The estimator is still unbiased but possesses a significant variance. In this study, we proposed an unbiased modified ridge-type estimator as an alternative to the OLS estimator and the biased estimators for handling multicollinearity in linear regression models. The properties of this new estimator were derived. The estimator is also unbiased with minimum variance. A real-life application to the higher heating value of poultry waste from proximate analysis and simulation study generally supported the findings
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