Estimation of flexible fuzzy GARCH models for conditional density estimation

In this work we introduce a new flexible fuzzy GARCH model for conditional density estimation. The model combines two different types of uncertainty, namely fuzziness or linguistic vagueness, and probabilistic uncertainty. The probabilistic uncertainty is modeled through a GARCH model while the fuzziness or linguistic vagueness is present in the antecedent and combination of the rule base system. The fuzzy GARCH model under study allows for a linguistic interpretation of the gradual changes in the output density, providing a simple understanding of the process. Such a system can capture different properties of data, such as fat tails, skewness and multimodality in one single model. This type of models can be useful in many fields such as macroeconomic analysis, quantitative finance and risk management. The relation to existing similar models is discussed, while the properties, interpretation and estimation of the proposed model are provided. The model performance is illustrated in simulated time series data exhibiting complex behavior and a real data application of volatility forecasting for the S&P 500 daily returns series

Riociguat treatment in patients with chronic thromboembolic pulmonary hypertension: Final safety data from the EXPERT registry

Objective: The soluble guanylate cyclase stimulator riociguat is approved for the treatment of adult patients with pulmonary arterial hypertension (PAH) and inoperable or persistent/recurrent chronic thromboembolic pulmonary hypertension (CTEPH) following Phase

Safety of hospital discharge before return of bowel function after elective colorectal surgery

© 2020 BJS Society Ltd Published by John Wiley & Sons LtdBackground: Ileus is common after colorectal surgery and is associated with an increased risk of postoperative complications. Identifying features of normal bowel recovery and the appropriateness for hospital discharge is challenging. This study explored the safety of hospital discharge before the return of bowel function. Methods: A prospective, multicentre cohort study was undertaken across an international collaborative network. Adult patients undergoing elective colorectal resection between January and April 2018 were included. The main outcome of interest was readmission to hospital within 30 days of surgery. The impact of discharge timing according to the return of bowel function was explored using multivariable regression analysis. Other outcomes were postoperative complications within 30 days of surgery, measured using the Clavien–Dindo classification system. Results: A total of 3288 patients were included in the analysis, of whom 301 (9·2 per cent) were discharged before the return of bowel function. The median duration of hospital stay for patients discharged before and after return of bowel function was 5 (i.q.r. 4–7) and 7 (6–8) days respectively (P < 0·001). There were no significant differences in rates of readmission between these groups (6·6 versus 8·0 per cent; P = 0·499), and this remained the case after multivariable adjustment for baseline differences (odds ratio 0·90, 95 per cent c.i. 0·55 to 1·46; P = 0·659). Rates of postoperative complications were also similar in those discharged before versus after return of bowel function (minor: 34·7 versus 39·5 per cent; major 3·3 versus 3·4 per cent; P = 0·110). Conclusion: Discharge before return of bowel function after elective colorectal surgery appears to be safe in appropriately selected patients