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Ten Things You Should Know About DCC

Ten Things You Should Know About DCC

The purpose of the paper is to discuss ten things potential users should know about the limits of the Dynamic Conditional Correlation (DCC) representation for estimating and forecasting time- varying conditional correlations. The reasons given for caution about the use of DCC include the following: DCC represents the dynamic conditional covariances of the standardized residuals, and hence does not yield dynamic conditional correlations; DCC is stated rather than derived; DCC has no moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic properties; DCC is not a special case of GARCC, which has testable regularity conditions and standard asymptotic properties; DCC is not dynamic empirically as the effect of news is typically extremely small; DCC cannot be distinguished empirically from diagonal BEKK in small systems; and DCC may be a useful filter or a diagnostic check, but it is not a model.
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Ten Things You Should Know About the Dynamic Conditional Correlation Representation

Ten Things You Should Know About the Dynamic Conditional Correlation Representation

Abstract The purpose of the paper is to discuss ten things potential users should know about the limits of the Dynamic Conditional Correlation (DCC) representation for estimating and forecasting time- varying conditional correlations. The reasons given for caution about the use of DCC include the following: DCC represents the dynamic conditional covariances of the standardized residuals, and hence does not yield dynamic conditional correlations; DCC is stated rather than derived; DCC has no moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic properties; DCC is not a special case of GARCC, which has testable regularity conditions and standard asymptotic properties; DCC is not dynamic empirically as the effect of news is typically extremely small; DCC cannot be distinguished empirically from diagonal BEKK in small systems; and DCC may be a useful filter or a diagnostic check, but it is not a model.
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Ten Things You Should Know About the Dynamic Conditional Correlation Representation

Ten Things You Should Know About the Dynamic Conditional Correlation Representation

Abstract The purpose of the paper is to discuss ten things potential users should know about the limits of the Dynamic Conditional Correlation (DCC) representation for estimating and forecasting time- varying conditional correlations. The reasons given for caution about the use of DCC include the following: DCC represents the dynamic conditional covariances of the standardized residuals, and hence does not yield dynamic conditional correlations; DCC is stated rather than derived; DCC has no moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic properties; DCC is not a special case of GARCC, which has testable regularity conditions and standard asymptotic properties; DCC is not dynamic empirically as the effect of news is typically extremely small; DCC cannot be distinguished empirically from diagonal BEKK in small systems; and DCC may be a useful filter or a diagnostic check, but it is not a model.
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Ten Things You Should Know About the Dynamic Conditional Correlation Representation

Ten Things You Should Know About the Dynamic Conditional Correlation Representation

Abstract: The purpose of the paper is to discuss ten things potential users should know about the limits of the Dynamic Conditional Correlation (DCC) representation for estimating and fore- casting time-varying conditional correlations. The reasons given for caution about the use of DCC include the following: DCC represents the dynamic conditional covariances of the stand- ardized residuals, and hence does not yield dynamic conditional correlations; DCC is stated rather than derived; DCC has no moments; DCC does not have testable regularity conditions; DCC yields inconsistent two step estimators; DCC has no asymptotic properties; DCC is not a special case of GARCC, which has testable regularity conditions and standard asymptotic prop- erties; DCC is not dynamic empirically as the effect of news is typically extremely small; DCC cannot be distinguished empirically from diagonal BEKK in small systems; and DCC may be a useful filter or a diagnostic check, but it is not a model.
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Ten Things We Should Know About Time Series

Ten Things We Should Know About Time Series

Time series data affect many aspects of our lives. This paper highlights ten things we should all know about time series, namely: a good working knowledge of econometrics and statistics, an awareness of measurement errors, testing for zero frequency, seasonal and periodic unit roots, analysing fractionally integrated and long memory processes, estimating VARFIMA models, using and interpreting cointegrating models carefully, choosing sensibly among univariate conditional, stochastic and realized volatility models, not confusing thresholds, asymmetry and leverage, not underestimating the complexity of multivariate volatility models, and thinking carefully about forecasting models and expertise.
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Ten things we should know about time series

Ten things we should know about time series

Abstract Time series data affect many aspects of our lives. This paper highlights ten things we should all know about time series, namely: a good working knowledge of econometrics and statistics, an awareness of measurement errors, testing for zero frequency, seasonal and periodic unit roots, analysing fractionally integrated and long memory processes, estimating VARFIMA models, using and interpreting cointegrating models carefully, choosing sensibly among univariate conditional, stochastic and realized volatility models, not confusing thresholds, asymmetry and leverage, not underestimating the complexity of multivariate volatility models, and thinking carefully about forecasting models and expertise.
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Ten Things You Should Know About PROC FORMAT Jack Shoemaker, Accordant Health Services, Greensboro, NC

Ten Things You Should Know About PROC FORMAT Jack Shoemaker, Accordant Health Services, Greensboro, NC

Ten Things You Should Know About PROC FORMAT Jack Shoemaker, Accordant Health Services, Greensboro, NC ABSTRACT The SAS system shares many features with other programming languages and reporting packages. The programming logic found in the ubiquitous data step provides the mechanisms for assignment, iteration, and logical branching which rest at the core of any procedural language. Analytic data displays, like the humble frequency cross- tabulation produced by various PROC FREQ, may be replicated with varying degrees of success using any number of other products.
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TEN THINGS YOU SHOULD KNOW ABOUT HOUSTON:

TEN THINGS YOU SHOULD KNOW ABOUT HOUSTON:

• There are several Texas National Wildlife Refuges in the metro area. More than 620 plant species and 400 vertebrate species have been observed in the Trinity River National Wildlife Refuge. • Recognized by Parents magazine as one of the nation’s Ten Best Zoos for Kids, the nonprofit Houston Zoo serves more than 1.6 million visitors each year. It’s home to more than 4,500 exotic animals and 800 species.

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Ten things you should know about transposable elements

Ten things you should know about transposable elements

The vast differences in TEs between species make standard approaches to establish their regulatory roles particularly challenging [200]. For example, intriguing studies on the impact of HERVs, in particular HERV-H, in stem cells and pluripotency [150–152] must be inter- preted using novel paradigms that do not invoke deep evolutionary conservation to imply function, as these particular ERVs are absent outside of great apes. Evolu- tionary constraint can be measured at shorter time scales, including the population level, but this remains a statistically challenging task especially for non-coding se- quences. Natural loss-of-function alleles may exist in the human population and their effect on fitness can be studied if their impact is apparent, but these are quite rare and do not allow systematic studies. It is possible to engineer genetic knockouts of a particular human TE locus to test its regulatory role but those are restricted to in-vitro systems, especially when the orthologous TE does not exist in the model species. In this context, studying the impact of TEs in model species with power- ful genome engineering tools and vast collections of mu- tants and other genetic resources, such as plants, fungi, and insects, will also continue to be extremely valuable.
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Ten Things Physicians and Patients Should Question

Ten Things Physicians and Patients Should Question

These items are provided solely for informational purposes and are not intended to replace a medical professional’s independent judgment or as a substitute for consultation with a medical professional. Patients with any specific questions about the items on this list or their individual situation should consult their health care provider. New evidence may emerge following the development of these items. ASCO is not responsible for any injury or damage arising out of or related to any use of these items or to any errors or omissions. Don’t use cancer-directed therapy for solid tumor patients with the following characteristics: low performance status (3 or 4), no benefit from prior evidence-based interventions, and no strong evidence supporting the clinical value of further anti-cancer treatment.
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Ten things you should know about LED LED. Light source of the future

Ten things you should know about LED LED. Light source of the future

However, during conditions with less light, such as during dusk or dawn – or mesopic light conditions, the human eye is more sensitive to blue light. The consequence may be that your lighting installation gets more light than needed, because lux meters do not register this “extra light” at shorter wavelenghts. This is not a new phenomenon, since discrepancies between e.g. high pressure sodium lamps and other conventional lamps already exist. For high luminance levels, the photopic spectral luminous efficiency curve is correct.

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LED. Light source of the future. Ten things you should know about LED

LED. Light source of the future. Ten things you should know about LED

Besides creating a nice environment, tuneable light can be used for health purposes. All human beings have an internal watch – controlled by the daylight. Bodily functions and performance vary over one day and we name this our circadian rhythm (circadian = circa one day). Cool and warm coloured light may affect whether you feel awake or drowsy. Therefore, lighting with cool colour temperatures is sometimes used in office environments, schools or hospitals when concentration is needed, for example under a school test or patient examination.

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Expert Reference Series of White Papers. Ten Things You Should Know About SharePoint 2010

Expert Reference Series of White Papers. Ten Things You Should Know About SharePoint 2010

4. Managing Large Lists Not only can lists in SPS be much larger than in MOSS (up to 50 million items) but by using indexes on multiple columns, you are able to manage and query the data more efficiently. The new Large List Resource Throttling feature is the main reason for the improved performance when loading large lists, however. Administrators have the option of specifying a limit for the number of items that can be displayed at a time. By default, there is a limit of 5,000 items for users and 20,000 items for administrators. When a list exceeds the limits specified for Resource Throttling, the user will be prompted with the option of changing the query settings so the data can be viewed. Resource Throttling can be configured with unique settings for each Web Application running in the Farm.
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TEN THINGS THAT EVERY TRUST BENEFICIARY IN TEXAS SHOULD KNOW

TEN THINGS THAT EVERY TRUST BENEFICIARY IN TEXAS SHOULD KNOW

9 breach, the often shifting of the burden of proof, and the damages and other remedies that are available in the event of a breach of fiduciary duty. If you have a routine question about interpreting a trust then an estate planning lawyer will usually have the expertise to help you. If you are considering fiduciary litigation you should hire an attorney who specializes in fiduciary litigation. Most estate planning attorneys do not do fiduciary litigation. If hired to sue a trustee they will most frequently refer the matter to a general litigator in their law firm. This is usually not in your best interest for the following reasons: (1) the general litigator will have to either do extensive research on fiduciary liability or participate in extensive consultation with the estate planning attorney (who can interpret the trust but has little knowledge or experience in fiduciary litigation.
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The Act consists of ten titles which, among other things:

The Act consists of ten titles which, among other things:

transactions involving a jurisdiction outside the U.S., or a type of account, is “of primary money laundering concern.” To make this finding, the Secretary must consult with the Secretary of State and the Attorney General and consider certain factors relating to the foreign jurisdiction or the particular institution targeted. Among the factors relating to a jurisdiction are: involvement with organized crime or terrorists, bank secrecy laws and regulations, the existence a mutual legal assistance treaty with the U.S., and level of official corruption. The special measures generally involve detailed record keeping and reporting requirements relating to underlying transactions and beneficial ownership of accounts. Special measures could involve prohibiting the maintenance of payable- through or correspondent accounts for such institutions or jurisdictions, provided that there has been consultation with the Secretary of State, the Attorney General, and the Chairman of the Federal Reserve Board, as well as with other appropriate federal banking agencies and consideration has been given to whether other nations have taken similar action, whether there would be a significant competitive disadvantage on U.S. financial institutions, and effect upon the international payment system. “Account” is defined for banks, with authority delegated to the Secretary to define the term for other financial services businesses upon consultation with the appropriate federal regulators. The
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7 THINGS YOU NEED TO KNOW BEFORE YOU BUY A WIRELESS BRIDGE

7 THINGS YOU NEED TO KNOW BEFORE YOU BUY A WIRELESS BRIDGE

Rain. Australia can have some of the harshest rain events in the world. It’s important to choose a wireless bridge that is completely waterproof and does not allow water/dust ingress where your cables connect to each wireless unit. See the section on IP rating below Wind. Flimsy mounting brackets and poorly installed mounts can be a huge nightmare for wireless links. A strong gust of wind can blow a wireless link completely out of alignment and can result in lost connectivity. This problem gets worse when you have to scale a mast, or pay for a scissor/boom lift to access the wireless unit. Ensure your link has sturdy mounting brackets, if you plan on using it for a long period of time or in a location that is difficult to access.
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12 things to look before you buy Health Insurance

12 things to look before you buy Health Insurance

Bottom-line: Understanding the benefits and terms is more important than the cost you are paying. 3. Look for Maximum Renewal Age Maximum Renewal age is the age on which the coverage on your health insurance would discontinue. This could be for all members or for a specific proposer/member, depending on product to product. Remember, your core goal, when you buy Health Insurance is to save yourself from mounting healthcare costs right through your life. A product, which ceases renewal, while you are still alive and when you need it more than any time before, is a BAD product. Shift through all products and find out the maximum renewal age. Better, look for Lifetime products. Rule out all products, which do not cover your family members for a reasonable lifetime. As medical science progresses and becomes more accessible to the common man, life expectancy in India will move higher from the current average of around 70 years. A product with a lower renewal ceasing age than 70 years is a complete no no.
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Ten Things You Need to Know About Data Virtualization

Ten Things You Need to Know About Data Virtualization

What Are The Benefits of Data Virtualization? With Cisco data virtualization, you benefit in several important ways. Better Business Decisions – Gain more business insights by using all your data. Business self-service empowers your people with instant access to all the data they want, the way they want it.

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Things you should know

Things you should know

reporting obligations pursuant to the AML/CTF Act. The legislation prevents the Trustee and Administrator from informing you that any such reporting has taken place. Where legally obliged to do so, the Trustee and Administrator may disclose the information gathered to regulatory and/or law enforcement agencies, including the Australian Transaction Reports and Analysis Centre (‘AUSTRAC’), other banks, service providers or to other third parties. The Trustee and Administrator may also share this information with other members of the Westpac Group.

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THINGS YOU SHOULD KNOW

THINGS YOU SHOULD KNOW

BULL NOSE TILE: Regular shaped tile with First apply tile to front of counter. Ensure that counter tile overlaps and a rounded edge used for counter edge and use spacers for a uniform grout joint. other transitions. TIPS BEFORE YOU SET YOUR COUNTERTOP — USING V-CAP OR BULL NOSE TILE

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