GARCH TIME-SERIES MODELS: AN APPLICATION TO RETAIL LIVESTOCK PRICES

This article applies recent developments in time-series modeling to analyze the retail prices of beef, pork, and chicken. Specifically, generalized autoregressive conditional heteroscedasticity (GARCH) models were fitted to these data to determine if, unlike more traditional time-series models, the conditional variances of the underlying stochastic processes are nonconstant. The estimation results indicate that the constant conditional variances assumption can be rejected. Furthermore, ex post forecast intervals generated from the GARCH processes indicate that the forecasting accuracy of the estimated models has varied widely over time with substantial volatility occurring during the 1970s and early 1980s.Demand and Price Analysis, Livestock Production/Industries, Research Methods/ Statistical Methods,

Estimating Structural Change with Smooth Transition Regressions: an Application to Meat Demand

This paper explores the role of structural change in systems of demand equations. Specifically, we adapt the time—varying regression framework of Lin and Teräsvirta (1994), which in turn is related to the dynamic smooth transition models introduced by Teräsvirta (1994). Unlike previous efforts at modeling structural change in demand systems, we do not impose the nature of the change to be monotonic—several non-monotonic alternatives are considered. An application is presented using the Almost Ideal Inverse Demand System (IAIDS) applied to U.S. meat demand data, 1960-2004. Results show the importance of modeling structural change and that, moreover, the best-fitting model is associated with a form of symmetric, non-monotonic structural change.Inverse Almost Ideal Demand System; Meat Demand; Structural Change; Time-Varying Regression

Radii and binding energies in oxygen isotopes: a puzzle for nuclear forces

We present a systematic study of both nuclear radii and binding energies in (even) oxygen isotopes from the valley of stability to the neutron drip line. Both charge and matter radii are compared to state-of-the-art {\it ab initio} calculations along with binding energy systematics. Experimental matter radii are obtained through a complete evaluation of the available elastic proton scattering data of oxygen isotopes. We show that, in spite of a good reproduction of binding energies, {\it ab initio} calculations with conventional nuclear interactions derived within chiral effective field theory fail to provide a realistic description of charge and matter radii. A novel version of two- and three-nucleon forces leads to considerable improvement of the simultaneous description of the three observables for stable isotopes, but shows deficiencies for the most neutron-rich systems. Thus, crucial challenges related to the development of nuclear interactions remain.Comment: 6 pages, 5 figures, Submitted to Nature Physics, April 12th 2016; first version (v1 Arxiv) Internal Report Preprint Irfu-18 December 2015. 6 p., 5 fig., Submitted to Physical Review Letters, April 29, May 3rd 2016; 2nd version. Int. Rep. Irfu-24 May 2016. Published in PRL, 27 July 2016 with the modified title (Radii and binding energies in oxygen isotopes: a challenge for nuclear forces

Planning Ability in Schizophrenia

This publication-based thesis investigates planning ability in psychiatric patients with schizophrenia, combining a problem solving perspective with a psychometric approach to assessing executive functions. The manuscripts presented address four research questions: (1) Is the newly developed Plan-a-Day test a reliable and valid measure of planning ability in schizophrenia? (2) Is planning ability – in particular as measured by the Plan-a-Day test – predictive of functional outcome? (3) Is a planning and problem solving training based on the Plan-a-Day concept effective in cognitive remediation? (4) How specific is a planning deficit in schizophrenia

The Lax pairs for the Holt system

By using non-canonical transformation between the Holt system and the Henon-Heiles system the Lax pairs for all the integrable cases of the Holt system are constructed from the known Lax representations for the Henon-Heiles system.Comment: 7 pages, LaTeX2e, a4.st