Inference on forward exchange rate risk premium: reviewing signal extraction methods

The existence of risk premium is thought to be the reason why forward exchange rate is not an unbiased predictor of future spot exchange rate. In this paper we review two methodologies for inferring this unobserved risk premium based upon signal extraction mechanism. One approach relies on the theory of derivatives pricing that relates historical and risk neutral measures via market price of risk. The other approach specifies the risk premium in the historical measure directly. We compare these two methods in predicting future spot exchange rates and contrast these with that of random walk forecast. © 2009 Inderscience Enterprises Ltd

Green-IT: Green Initiative for Energy Efficient, Eco-products in the Construction Industry

GREEN-IT aims to introduce a product database [e2pilot] in the European building construction product sector and accelerate the EU market transformation towards regulated Energy Performance of Buildings

Identification of handloom and powerloom fabrics using proximal support vector machines

This study endeavors to recognize handloom and powerloom products by means of proximal support vector machine (PSVM) using the features extracted from gray level images of both fabrics. A k-fold cross validation technique has been applied to assess the accuracy. The robustness, speed of execution, proven accuracy coupled with simplicity in algorithm hold the PSVM as a foremost classifier to recognize handloom and powerloom fabrics.

Effect of low protein diets and lysine supplementation on growth performance and carcass characteristics of growing pigs

The present study was to assess the effect of feeding low protein diet with or without supplemental lysine to meet NRC (1998) requirement on growth performance, carcass trait, meat composition, and meat quality of pigs. An experiment of 126 days was conducted on 21 crossbred Landrace pigs (average weight 11.72 ± 0.57 kg, average age 7.59 ± 0.14 weeks). Animals were randomly assigned to three dietary treatment groups T0, T1 and T2 each comprising 7 animals. A basal diet (T0) was formulated as per NRC (1998). Basal diet (T1) reduced crude protein by 10% with supplemental lysine identical in T0; while without supplemental lysine in T2 (that is, reduced protein by 10% and lysine by 15%). All the diets were iso-caloric and offered in phases according to change in body weight (10 to 20, 20 to 50, 50 to 80 and >80 kg). Growth performance, carcass parameters, meat composition and meat quality were evaluated at the end of the trial on four animals per group. The results show no significant difference on growth parameters and carcass and meat quality traits among the groups. Thus, it was concluded that the crude protein and lysine concentration can be reduced safely by 10 and 15%, respectively to that of NRC (1998) in diet of crossbred Landrace pigs without any compromise on performance during growing and fattening stage of production.Keywords: Carcass trait, low protein, lysine, meat quality, pig

Decoherence Dynamics of Measurement-Induced Nonlocality and comparison with Geometric Discord for two qubit systems

We check the decoherence dynamics of Measurement-induced Nonlocality(in short, MIN) and compare it with geometric discord for two qubit systems. There are quantum states, on which the action of dephasing channel cannot destroy MIN in finite or infinite time. We check the additive dynamics of MIN on a qubit state under two independent noise. Geometric discord also follows such additive dynamics like quantum discord. We have further compared non-Markovian evolution of MIN and geometric discord under dephasing and amplitude damping noise for pure state and it shows distinct differences between their dynamics.Comment: 11 pages, 10 figures, Revte

Assessment of a conduction-repolarisation metric to predict Arrhythmogenesis in right ventricular disorders

Background: The re-entry vulnerability index (RVI) is a recently proposed activation-repolarization metric designed to quantify tissue susceptibility to re-entry. This study aimed to test feasibility of an RVI-based algorithm to predict the earliest endocardial activation site of ventricular tachycardia (VT) during electrophysiological studies and occurrence of haemodynamically significant ventricular arrhythmias in follow-up. Methods: Patients with Arrhythmogenic Right Ventricular Cardiomyopathy (ARVC) (n = 11), Brugada Syndrome (BrS) (n = 13) and focal RV outflow tract VT (n = 9) underwent programmed stimulation with unipolar electrograms recorded from a non-contact array in the RV. Results: Lowest values of RVI co-localised with VT earliest activation site in ARVC/BrS but not in focal VT. The distance between region of lowest RVI and site of VT earliest site (D min ) was lower in ARVC/BrS than in focal VT (6.8 ± 6.7 mm vs 26.9 ± 13.3 mm, p = 0.005). ARVC/BrS patients with inducible VT had lower Global-RVI (RVI G ) than those who were non-inducible (−54.9 ± 13.0 ms vs −35.9 ± 8.6 ms, p = 0.005) or those with focal VT (−30.6 ± 11.5 ms, p = 0.001). Patients were followed up for 112 ± 19 months. Those with clinical VT events had lower Global-RVI than both ARVC and BrS patients without VT (−54.5 ± 13.5 ms vs −36.2 ± 8.8 ms, p = 0.007) and focal VT patients (−30.6 ± 11.5 ms, p = 0.002). Conclusions: RVI reliably identifies the earliest RV endocardial activation site of VT in BrS and ARVC but not focal ventricular arrhythmias and predicts the incidence of haemodynamically significant arrhythmias. Therefore, RVI may be of value in predicting VT exit sites and hence targeting of re-entrant arrhythmias

Nutrient intake, digestibility and performance of Gaddi kids supplemented with tea seed or tea seed saponin extract

Objective An experiment was conducted to determine the nutrient intake, digestibility, microbial protein synthesis, haemato-biochemical attributes, immune response and growth performance of Gaddi kids fed with oat fodder based basal diet supplemented with either tea seed or tea seed saponin (TSS) extract. Methods Eighteen male kids, 7.03±0.16 months of age and 19.72±0.64 kg body weight, were distributed into three groups, T0 (control), T1, and T2, consisting of 6 animals each in a completely randomized design. The kids were fed a basal diet consisting of concentrate mixture and oat fodder (50:50). Animals in group III (T2) were supplemented with TSS at 0.4% of dry matter intake (DMI), and group II (T1) were supplemented with tea seed at 2.6% of DMI to provide equivalent dose of TSS as in T2. Two metabolism trials were conducted, 1st after 21 days and 2nd after 90 days of feeding to evaluate the short term and long term effects of supplementation. Results The tea seed (T1) or TSS (T2) supplementation did not affect DMI as well as the digestibility of dry matter, organic matter, crude protein, neutral detergent fibre, and acid detergent fibre. Nutritive value of diet and plane of nutrition were also comparable for both the periods. However, the average daily gain and feed conversion ratio (FCR) were improved (p<0.05) for T1 and T2 as compared to T0. The microbial protein supply was also higher (p<0.05) for T1 and T2 for both the periods. There was no effect of supplementation on most blood parameters. However, the triglyceride and low density lipoprotein cholesterol levels decreased (p<0.05) and high density lipoprotein-cholesterol level increased (p<0.05) in T2 as compared with T0 and T1. Supplementation also did not affect the cell mediated and humoral immune response in goats. Conclusion Tea seed at 2.6% of DMI and TSS at 0.4% DMI can be fed to Gaddi goats to improve growth rate, FCR and microbial protein synthesis