The impact of people’s bank of China’s policies on Chinese stock market volatility

The COVID-19 pandemic serves as the main backdrop for this article's investigation of how the People's Bank of China's policies affect stock market volatility. This study used the CSI300 and S&P500 stock index data from 2018 to 2023 and the ARCH, GARCH, TGARCH, and EGARCH models to analyze the index's overall volatility from a macro perspective. From a micro perspective, it used Event Study Analysis to examine the effects of particular policies on the CSI300 index's volatility. Because CSI300 is a typical index for the Chinese stock market and S&P500 is an index that has been tracked in the United States since 1957, CSI300 was chosen as the benchmark. The S&P 500 has more businesses and more diversified industries than the Dow Jones Index, which helps to spread risk and enable it to reflect movements in the broader market. According to macroscopic experimental findings, volatility is frequently more affected by unpleasant news. The results of a microscopic experiment indicate that each policy announcement will have a large impact on index volatility, but the effects of receiving good news and negative news are same. This is also a result of how the epidemic and the Chinese financial market are affected by the state of the world economy. Efficiency suffers as a result

EEG-Based Multi-Class Workload Identification Using Feature Fusion and Selection

The effectiveness of workload identification is one of the critical aspects in a monitoring instrument of mental state. In this field, the workload is usually recognised as binary classes. There are scarce studies towards multi-class workload identification because the challenge of the success of workload identification is much tough, even though one more workload class is added. Besides, most of the existing studies only utilized spectral power features from individual channels but ignoring abundant inter-channel features that represent the interactions between brain regions. In this study, we utilized features representing intra-channel information and inter-channel information to classify multiple classes of workload based on EEG. We comprehensively compared each category of features contributing to workload identification and elucidated the roles of feature fusion and feature selection for the workload identification. The results demonstrated that feature combination (83.12% in terms of accuracy) enhanced the classification performance compared to individual feature categories (i.e., band power features, 75.90%; connection features, 81.72%, in terms of accuracy). With the F-score feature selection, the classification accuracy was further increased to 83.47%. When the features of graph metric were fused, the accuracy was reached to 84.34%. Our study provided comprehensive performance comparisons between methods and feature categories for the multi-class workload identification and demonstrated that feature selection and fusion played an important role in the enhancement of workload identification. These results could facilitate further studies of multi-class workload identification and practical application of workload identification

Beyond Fixed Grid: Learning Geometric Image Representation with a Deformable Grid

In modern computer vision, images are typically represented as a fixed uniform grid with some stride and processed via a deep convolutional neural network. We argue that deforming the grid to better align with the high-frequency image content is a more effective strategy. We introduce \emph{Deformable Grid} DefGrid, a learnable neural network module that predicts location offsets of vertices of a 2-dimensional triangular grid, such that the edges of the deformed grid align with image boundaries. We showcase our DefGrid in a variety of use cases, i.e., by inserting it as a module at various levels of processing. We utilize DefGrid as an end-to-end \emph{learnable geometric downsampling} layer that replaces standard pooling methods for reducing feature resolution when feeding images into a deep CNN. We show significantly improved results at the same grid resolution compared to using CNNs on uniform grids for the task of semantic segmentation. We also utilize DefGrid at the output layers for the task of object mask annotation, and show that reasoning about object boundaries on our predicted polygonal grid leads to more accurate results over existing pixel-wise and curve-based approaches. We finally showcase DefGrid as a standalone module for unsupervised image partitioning, showing superior performance over existing approaches. Project website: http://www.cs.toronto.edu/~jungao/def-gridComment: ECCV 202

HungerGist: An Interpretable Predictive Model for Food Insecurity

The escalating food insecurity in Africa, caused by factors such as war, climate change, and poverty, demonstrates the critical need for advanced early warning systems. Traditional methodologies, relying on expert-curated data encompassing climate, geography, and social disturbances, often fall short due to data limitations, hindering comprehensive analysis and potential discovery of new predictive factors. To address this, this paper introduces "HungerGist", a multi-task deep learning model utilizing news texts and NLP techniques. Using a corpus of over 53,000 news articles from nine African countries over four years, we demonstrate that our model, trained solely on news data, outperforms the baseline method trained on both traditional risk factors and human-curated keywords. In addition, our method has the ability to detect critical texts that contain interpretable signals known as "gists." Moreover, our examination of these gists indicates that this approach has the potential to reveal latent factors that would otherwise remain concealed in unstructured texts

Retire: Robust Expectile Regression in High Dimensions

High-dimensional data can often display heterogeneity due to heteroscedastic variance or inhomogeneous covariate effects. Penalized quantile and expectile regression methods offer useful tools to detect heteroscedasticity in high-dimensional data. The former is computationally challenging due to the non-smooth nature of the check loss, and the latter is sensitive to heavy-tailed error distributions. In this paper, we propose and study (penalized) robust expectile regression (retire), with a focus on iteratively reweighted $\ell_1$-penalization which reduces the estimation bias from $\ell_1$-penalization and leads to oracle properties. Theoretically, we establish the statistical properties of the retire estimator under two regimes: (i) low-dimensional regime in which $d \ll n$; (ii) high-dimensional regime in which $s\ll n\ll d$ with $s$ denoting the number of significant predictors. In the high-dimensional setting, we carefully characterize the solution path of the iteratively reweighted $\ell_1$-penalized retire estimation, adapted from the local linear approximation algorithm for folded-concave regularization. Under a mild minimum signal strength condition, we show that after as many as $\log(\log d)$ iterations the final iterate enjoys the oracle convergence rate. At each iteration, the weighted $\ell_1$-penalized convex program can be efficiently solved by a semismooth Newton coordinate descent algorithm. Numerical studies demonstrate the competitive performance of the proposed procedure compared with either non-robust or quantile regression based alternatives