15,161 research outputs found

    Handwritten Digits Recognition using Deep Convolutional Neural Network: An Experimental Study using EBlearn

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    In this paper, results of an experimental study of a deep convolution neural network architecture which can classify different handwritten digits using EBLearn library are reported. The purpose of this neural network is to classify input images into 10 different classes or digits (0-9) and to explore new findings. The input dataset used consists of digits images of size 32X32 in grayscale (MNIST dataset).Comment: This paper has been withdrawn by the author due to some errors and incomplete stud

    An Enhanced Method For Evaluating Automatic Video Summaries

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    Evaluation of automatic video summaries is a challenging problem. In the past years, some evaluation methods are presented that utilize only a single feature like color feature to detect similarity between automatic video summaries and ground-truth user summaries. One of the drawbacks of using a single feature is that sometimes it gives a false similarity detection which makes the assessment of the quality of the generated video summary less perceptual and not accurate. In this paper, a novel method for evaluating automatic video summaries is presented. This method is based on comparing automatic video summaries generated by video summarization techniques with ground-truth user summaries. The objective of this evaluation method is to quantify the quality of video summaries, and allow comparing different video summarization techniques utilizing both color and texture features of the video frames and using the Bhattacharya distance as a dissimilarity measure due to its advantages. Our Experiments show that the proposed evaluation method overcomes the drawbacks of other methods and gives a more perceptual evaluation of the quality of the automatic video summaries.Comment: This paper has been withdrawn by the author due to some errors and incomplete stud

    Searching for value relevance of book value and earnings: a case of premium vs. discount firms

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    We examine the premium/discount firm characteristic that fundamentally affects the value relevance of two key accounting line items, earnings and book values. We argue that from the perspective of both the residual income and option-style valuation models, the relative valuation roles of earnings and book values differ fundamentally between firms that trade at a premium vis-à-vis discount to book value. We find that book values play a significantly more important role in equity valuation than earnings when firms trade at a discount. We also find that other known influential conditions, such as the sign of earnings (Collins et al. 1999) or the relative levels of earnings and book value (Burgstahler and Dichev 1997), become inconsequential when the premium/discount condition of the firm is controlled for. The discovered relationships between the relative valuation roles of book values and earnings and the discount/premium characteristics of the firm are robust to the effect of time, information environment and the industry of the firm

    Is the economic crisis over (and out)?

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    This note analyzes the recent global recession: its causes, the predictability of the timing of its start and of its end, and the implications for macro policy. These follow from the general-equilibrium macro model of Abadir and Talmain (2002) and its implications for a new type of macroeconometrics. The note also proposes some banking regulations, and presents prospects for the future.recession, recovery, causes and symptoms, turning points, prediction, macro policy

    Many projectively unique polytopes

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    We construct an infinite family of 4-polytopes whose realization spaces have dimension smaller or equal to 96. This in particular settles a problem going back to Legendre and Steinitz: whether and how the dimension of the realization space of a polytope is determined/bounded by its f-vector. From this, we derive an infinite family of combinatorially distinct 69-dimensional polytopes whose realization is unique up to projective transformation. This answers a problem posed by Perles and Shephard in the sixties. Moreover, our methods naturally lead to several interesting classes of projectively unique polytopes, among them projectively unique polytopes inscribed to the sphere. The proofs rely on a novel construction technique for polytopes based on solving Cauchy problems for discrete conjugate nets in S^d, a new Alexandrov--van Heijenoort Theorem for manifolds with boundary and a generalization of Lawrence's extension technique for point configurations.Comment: 44 pages, 18 figures; to appear in Invent. mat

    Macro and Financial Markets: The Memory of an Elephant?

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    Macroeconomic and aggregate financial series share an unconventional type of nonlinear dynamics. Existing techniques (like co-integration) model these dynamics incompletely, hence generating seemingly paradoxical results. To avoid this, we provide a methodology to disentangle the long-run relation between variables from their own dynamics, and illustrate with two applications. First, in the forward-premium puzzle, adding a component quantifying the persistent nonlinear dynamics of exchange rates yields substantial predictability and makes the forward-premium term insignificant. Second, S&P 500 grows in a pattern of momentum followed by reversal, forming long cycles around a trend given by GDP, a stable non-breaking relation since WWII. Classification-Keywords:

    Financial Integration between Indonesia and Its Major Trading Partners

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    This study examines stock market integration among the emerging stock market of Indonesia and its major trading partners (Japan, the US, Singapore and China). We employ the newly proposed autoregressive distributed lag (ARDL) approach to cointegration and recent weekly stock market data spanning from July 1998 to December 2007. The results indicate the Indonesian stock market is cointegrated with the stock markets of the US, Japan, Singapore and China. Thus, this implies that the opportunities for international investors to gain benefits from international portfolio diversification in those markets are limited. In addition, any development in Japan, the US, Singapore and China markets should be considered by the Indonesian government in making policies regarding to the stock market of Indonesia.Stock Market Integration; Portfolio Diversification; Trading Partners
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