Value-at-risk forecasting of the CARBS Indices

Abstract: The purpose of this paper is to use calibrated univariate GARCH family models to forecast volatility and value at risk (VaR) of the CARBS indices and a global minimum variance portfolio (GMVP) constructed using the CARBS equity indices. the reliability of the different volatility forecasts are tested using the mean absolute error (MAE) and the mean squared error (MSE). The rolling forecast of VaR is tested using a back-testing procedure. The results indicate that the use of a rolling forecast from a GARCH model when estimating VaR for the CARBS indices and the GMVP is not a reliable method

Univariate and multivariate GARCH models applied to the CARBS indices

Abstract: The purpose of this paper is to estimate the calibrated parameters of different univariate and multivariate GARCH family models. It is unrealistic to assume that volatility of financial returns is constant. In the empirical analysis, the symmetric GARCH, and asymmetric GJR-GARCH and EGARCH models were estimated for the CARBS indices and a global minimum variance portfolio (GMVP), the best fitting model was determined using the AIC and BIC. The asymmetric terms of the GJR-GARCH and EGARCH models indicate signs of the leverage effect. The information criterion suggest that the EGARCH model is the best fitting model for the CARBS indices and the GMVP

Evaluation of GARCH-Type Models in Volatility and Value-At-Risk Forecasting: Evidences from USD/MUR Exchange Rates

No Abstrac

EXPLORING WORK PLACEMENT EXPERIENCE: CASE OF THE UNIVERSITY OF TECHNOLOGY, MAURITIUS: Received: 1st June, 2021; Revised: 28th October, 2021; 19th January, 2022; Accepted: 09th February, 2022

The inclusion of job training and learning has recently been acknowledged as not only a key element of organizational initiatives to enhance learners' job readiness, but even as an organizational initiative to establish themselves in the marketable global education industry (Tran & Soejatminah, 2016). University students’ work-readiness continue to be a significant issue, with Mauritian industries lamenting a lack of soft skills and real-life experiences deemed necessary for recruitment. The University of Technology, Mauritius (UTM) has completely adopted the Work Placement principles since 2014 to extend numerous options to its learners to offer relevant work experiences. The present study aims at exploring the role of the Work Placement experience among the students studying at the UTM. A survey was conducted using an online questionnaire among 230 participants to measure soft-skill development. Before and after the internship, descriptive statistics such as means, standard deviations, and varying scores were investigated using SPSS. The results reveal that students have a positive attitude toward the acquired skills and abilities through Work Placement. The majority of the students asserted that through their Work Placement experiences, they have acquired important soft skills and have become excellent team players and good communicators

The State of South African Cities a Decade after Democracy

a vision of an inclusive non-racial city in which democracy is stable and development flourishes. But the 2004 report is different from preceding urban policy statements in a number of critical respects, not least that it is not a formal statement of government. In part, the relative autonomy of the Report’s sponsor, the South African Cities Network (a quango of state and non-state affiliates), explains its divergent analytical point of departure in the assessment of the state of the cities 10 years after democracy. The 2004 report is premised on the notion that changing the racial pattern of inequality hinges on systematic responses to the material forces, demographic, economic, environmental and institutional, that shaped the inherited apartheid city form. The 2004 report is also different from earlier government policy positions in that it argues that urban development is not just a site of national reconstruction and development, but that the urban question lies at the heart of achieving the national vision of a productive, democratic and non-racial society based on a vision of sustainable human settlements