A Reality Check on Technical Trading Rule Profits in US Futures Markets

This paper investigates the profitability of technical trading rules in US futures markets over the 1985-2004 period. To account for data snooping biases, we evaluate statistical significance of performance across technical trading rules using White's Bootstrap Reality Check test and Hansen's Superior Predictive Ability test. These methods directly quantify the effect of data snooping by testing the performance of the best rule in the context of the full universe of technical trading rules. Results show that the best rules generate statistically significant economic profits only for two of 17 futures contracts traded in the US. This evidence indicates that technical trading rules generally have not been profitable in US futures markets after correcting for data snooping biases.Marketing,

REACTION CHARACTERISTICS OF TWO WATER GAS SHIFT CATALYSTS IN A BUBBLING FLUIDIZED BED REACTOR FOR SEWGS PROCESS

Reaction characteristics of two WGS catalysts for SEWGS process were investigated in a bubbling fluidized bed reactor. The commercial low temperature WGS catalyst produced by Süd-chemie and new catalyst produced by spray-drying method were used as bed materials. Reaction temperature, steam/CO ratio, and gas velocity were considered as experimental variables. Moreover, long-term operation results of two WGS catalysts were compared as well

Methods for Making an Electroactive Device Fabricated with a Nanotube Film Electrode

Disclosed is a single wall carbon nanotube (SWCNT) film electrode (FE), all-organic electroactive device systems fabricated with the SWNT-FE, and methods for making same. The SWCNT can be replaced by other types of nanotubes. The SWCNT film can be obtained by filtering SWCNT solution onto the surface of an anodized alumina membrane. A freestanding flexible SWCNT film can be collected by breaking up this brittle membrane. The conductivity of this SWCNT film can advantageously be higher than 280 S/cm. An electroactive polymer (EAP) actuator layered with the SWNT-FE shows a higher electric field-induced strain than an EAP layered with metal electrodes because the flexible SWNT-FE relieves the restraint of the displacement of the polymeric active layer as compared to the metal electrode. In addition, if thin enough, the SWNT-FE is transparent in the visible light range, thus making it suitable for use in actuators used in optical devices

Semiconductor integrated circuit chip, multilayer chip capacitor and semiconductor integrated circuit chip package

Disclosed are a semiconductor integrated circuit chip, a multilayer chip capacitor, and a semiconductor integrated circuit chip package. The semiconductor integrated circuit chip includes a semiconductor integrated circuit chip body, an input/output terminal disposed on the outside of the semiconductor integrated circuit chip body, and a decoupling capacitor disposed at a side face of the semiconductor integrated circuit chip body and electrically connected to the input/output terminal. The semiconductor integrated circuit chip cab be obtained, which can maintain an impedance of a power distribution network below a target impedance in a wide frequency range, particularly at a high frequency, by minimizing an inductance between a decoupling capacitor and a semiconductor integrated circuit chip

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Physics Study of Canada Deuterium Uranium Lattice with Coolant Void Reactivity Analysis

This study presents a coolant void reactivity analysis of Canada Deuterium Uranium (CANDU)-6 and Advanced Canada Deuterium Uranium Reactor-700 (ACR-700) fuel lattices using a Monte Carlo code. The reactivity changes when the coolant was voided were assessed in terms of the contributions of four factors and spectrum shifts. In the case of single bundle coolant voiding, the contribution of each of the four factors in the ACR-700 lattice is large in magnitude with opposite signs, and their summation becomes a negative reactivity effect in contrast to that of the CANDU-6 lattice. Unlike the coolant voiding in a single fuel bundle, the 2 ?? 2 checkerboard coolant voiding in the ACR-700 lattice shows a positive reactivity effect. The neutron current between the no-void and voided bundles, and the four factors of each bundle were analyzed to figure out the mechanism of the positive coolant void reactivity of the checkerboard voiding case. Through a sensitivity study of fuel enrichment, type of burnable absorber, and moderator to fuel volume ratio, a design strategy for the CANDU reactor was suggested in order to achieve a negative coolant void reactivity even for the checkerboard voiding case.ope

Automatic classification using concept knowledge of web documents

In order to classify web documents, we suggest a method using concept knowledge of category.In our study, the concept relations between keywords are extracted using hyperlink information and after the extracted keywords are classified into each category, these are used as an index.Then TFIDF for each category is extended to determine index weight value.The system is constructed for experimenting and estimating,which is consist of web robot, indexer, concept knowledge database for each category and the document classifier.Our system to be applied the extended TFIDF method shows an accuracy of 88% in automatic classifying of web documents

A Study on Development of Optimal Noise Filter Algorithm for Laser Vision System in GMA Welding

AbstractIn recent years, noise filter of image processing have been widely used in automated manufacturing processes in noisy environment, such as removal of noise in arc welding process, because such filters are robust even in the presence of extreme noise. Since arc, soot and splash etc., salt noise which has certain noise amplitude at random location was found in captured image. It is important to employ a noise filter to intensify the laser lines and ultimately remove or reduce the noise. In this study, the welding seam image captured from the CCD camera was processed by noise filters to remove the noise due to the complexity of welding environment. Comparison of three noise filters (Gaussian filter, Median filter and Wiener filter) was made to find out the optimal noise filtering algorithm. The result showed that the Median filter algorithm is the preferred method, as not only this algorithm performance provided lower MSE (Mean Square Error) and RMSE (Root Mean Square Error) values than those of Gaussian filter and Wiener filter, but also the values of the PSNR (Peak Signal-to-Noise Ratio) and SNR (Signal-to-Noise Ratio) were higher. Therefore, the Median filter can be considered to have a better enhancement effect than the other two filters