The information content of Canadian implied volatility indexes

For predicting future volatility, empirical studies find mixed results regarding two issues: (1) whether model free implied volatility has more information content than Black-Scholes model-based implied volatility; (2) whether implied volatility outperforms historical volatilities. In this thesis, we address these two issues using the Canadian financial data. First, we examine the information content and forecasting power between VIXC - a model free implied volatility, and MVX - a model-based implied volatility. The GARCH in-sample test indicates that VIXC subsumes all information that is reflected in MVX. The out-of-sample examination indicates that VIXC is superior to MVX for predicting the next 1-, 5-, 10-, and 22-trading days' realized volatility. Second, we investigate the predictive power between VIXC and alternative volatility forecasts derived from historical index prices. We find that for time horizons lesser than 10-trading days, VIXC provides more accurate forecasts. However, for longer time horizons, the historical volatilities, particularly the random walk, provide better forecasts. We conclude that VIXC cannot incorporate all information contained in historical index prices for predicting future volatility.

The form and function of aggressive subtypes: Relations with the goodness of fit between adolescent temperament and parent personality

The current research investigated whether the interaction between adolescent temperament and parent personality, consistent with the goodness of fit perspective, differentially predicted overt (e.g., kicking, punching, insulting) and relational (e.g., gossiping, rumour spreading, ostracising) forms of reactive (e.g., provoked, a response to goal blocking, unplanned and emotional) and proactive (e.g., unprovoked, goal-directed, deliberate and relatively unemotional) aggression. Mothers, fathers and their adolescent child (N = 448, age 10-17) from southern Ontario, Canada filled out questionnaires on adolescent temperament (i.e., frustration, fear, and effortful control) and aggression. Parents reported on their own personality traits (i.e., agreeableness, conscientiousness, and emotional stability). The form and function of aggression not encompassed by the subtype under investigation were controlled in each regression analysis. Consistent with the hypothesis, results indicated that a poor fit between adolescent temperament vulnerabilities and lower parent personality traits, including agreeableness, conscientiousness and emotional stability, was predictive of greater levels of differentiated aggression. For instance, lower father conscientiousness strengthened the relation between higher frustration and reactive overt aggression. Unexpectedly in some cases, temperament risk factors were more strongly associated with aggression subtypes when personality scores were at higher levels, particularly agreeableness and conscientiousness, traits normally considered to be at the optimal end of the dimension. For example, higher father agreeableness strengthened the relation between higher frustration and reactive relational aggression. At the main effects level, low fearfulness was significantly associated with only the overt subtypes of aggression, and unexpectedly, higher frustration and lower effortful control were related to both proactive and reactive subtypes of aggression. A temperamentally vulnerable adolescent was also at greater risk of displaying aggressive behaviour when the father lacked emotional stability, but not the mother. These results are broadly consistent with the prediction that temperament risk factors are more strongly associated with aggression subtypes when an adolescent predisposition does not fit well with parent personality traits. Mechanisms pertaining to stress in the family environment and the fostering of self-regulation abilities are discussed with respect to why a poor fit between temperament and parent personality is predictive of adolescent differentiated aggression.

Fit For Action: A Comparative Case Study of the Implementation of an Adaptive Fitness and Conditioning Program for Moderate Functioning Teens and Transition Age Youth with ASD

The purpose of my research was to develop and refine pedagogic approaches, and establish fitness baselines to adapt fitness and conditioning programs for Moderate-functioning ASD individuals. I conducted a seven-week study with two teens and two trainers. The trainers implemented individualized fitness and conditioning programs that I developed. I conducted pre and post fitness baselines for each teen, a pre and post study interview with the trainers, and recorded semi-structured observations during each session. I used multi-level, within-case and across case analyses, working inductively and deductively. My findings indicated that fundamental movement concepts can be used to establish fitness baselines and develop individualized fitness programs. I tracked and evaluated progressions and improvements using conventional measurements applied to unconventional movements. This process contributed to understanding and making relevant modifications to activities as effective pedagogic strategies for my trainers. Further research should investigate fitness and conditioning programs with lower functioning ASD individuals.

Exact Skewness-Kurtosis Tests for Multivariate Normality and Goodness-of-fit in Multivariate Regressions with Application to Asset Pricing Models

We study the problem of testing the error distribution in a multivariate linear regression (MLR) model. The tests are functions of appropriately standardized multivariate least squares residuals whose distribution is invariant to the unknown cross-equation error covariance matrix. Empirical multivariate skewness and kurtosis criteria are then compared to simulation-based estimate of their expected value under the hypothesized distribution. Special cases considered include testing multivariate normal, Student t; normal mixtures and stable error models. In the Gaussian case, finite-sample versions of the standard multivariate skewness and kurtosis tests are derived. To do this, we exploit simple, double and multi-stage Monte Carlo test methods. For non-Gaussian distribution families involving nuisance parameters, confidence sets are derived for the the nuisance parameters and the error distribution. The procedures considered are evaluated in a small simulation experi-ment. Finally, the tests are applied to an asset pricing model with observable risk-free rates, using monthly returns on New York Stock Exchange (NYSE) portfolios over five-year subperiods from 1926-1995.

A Document Browsing Tool Based on Book Indexes

This research project is a contribution to the global field of information retrieval, specifically, to develop tools to enable information access in digital documents. We recognize the need to provide the user with flexible access to the contents of large, potentially complex digital documents, with means other than a search function or a handful of metadata elements. The goal is to produce a text browsing tool offering a maximum of information based on a fairly superficial linguistic analysis. We are concerned with a type of extensive single-document indexing, and not indexing by a set of keywords (see Klement, 2002, for a clear distinction between the two). The desired browsing tool would not only give at a glance the main topics discussed in the document, but would also present relationships between these topics. It would also give direct access to the text (via hypertext links to specific passages). The present paper, after reviewing previous research on this and similar topics, discusses the methodology and the main characteristics of a prototype we have devised. Experimental results are presented, as well as an analysis of remaining hurdles and potential applications.

Une analyse des revues indexées dans le KLAPP (Bibliographie d'histoire littéraire française)

Résultats préliminaires d'un projet de comparaison des deux plus importants répertoires bibliographiques spécialisés en littératures de langue française (accessibles sous forme de bases de données bibliographiques en ligne depuis 2014) : la « Bibliographie de la littérature française » (« Bibliographie der französischen Literaturwissenschaft » ou « KLAPP »), publiée chez Klostermann depuis 1956, et la « Bibliographie de la littérature française » (ou « Rancoeur », précédemment intitulée « Bibliographie de la littérature française), publiée depuis 1953 chez Armand Colin et aux Presses universitaires de France (sous forme de hors-série annuel de la « Revue d'histoire littéraire de la France ») puis chez Classiques Garnier.

Second Order Fit for Mercuric Chloride Catalysed Solvolysis of Alkyl Chlorides in Aqueous DMSO Solvents

Kinetics of mercuric chloride catalysed solvolysis of l-butyl chloride, benzyl chloride. p-methylbenzyl chloride, l-phenylethyl chloride and triethylcarbinyl chloride have been studied in aq. DMSO, aq. acetonitrile and aq. ethanol. The kinetic data fit a second order rate equation in aq. DMSO. The calculated values of the second order rate coefficients increase in the case of aq. acetonitrile and aq. ethanol. The order in catalyst in 95%(v/v) aq. DMSO is less than unity.

Plan de empresa Bambú Gurmet Fit

El presente escrito tiene como objetivo ilustrar la elaboración del plan de empresa y factibilidad para implantar el concepto de restaurante y vida gourmet fitness a través del establecimiento de Bambú Gourmet Fit. En este sentido, y con el fin de entrar a un mercado competitivo con las mayores posibilidades de éxito posibles, es necesario visualizar de antemano el panorama administrativo, técnico, financiero, de mercadeo y de competencia para planear las estrategias pertinentes del desarrollo del proyecto presente. Así, Bambú Gourmet Fit tiene como enfoque principal brindar una excelente atención al público, tener una ubicación favorable, ofrecer productos de buena calidad y precios competitivos. De manera que, sea un restaurante sobresaliente en el mercado local.

An approximation to the digital divide among low income people in Colombia, Mexico and Perú: two composite indexes

El estudio analiza los determinantes de uso y acceso a las tecnologías de información y comunicación en personas de bajos ingresos en pasases como Colombia, México y Perú. El punto central está en analizar las diferencias entre países de acuerdo a diferentes variables socioeconómicas. Se encuentra que la variable que más explica el nivel de acceso digital es la escolaridad. De otro lado no se encuentra una brecha por género sino en Perú. Los resultados también indican que cuando solo se tienen en cuenta las tecnologías más ‘avanzadas’, las diferencias entre la población son más notorias

Keep Fit (muévete) : un crédito interdisciplinario de educación física e inglés.

Se presenta una experiencia de enseñanza interdisciplinaria de educación física e inglés en educación secundaria. El material se elaboró en el curso 1991-1992, y presenta las siguientes características, por un lado la materia del inglés y la materia de educación física dejan de ser dos materias separadas para integrarse en una sola y, por otro lado, todos los alumnos y alumnas participan en la experiencia, incluyendo el alumnado que habitualmente estaría exento de educación física, el trato a la diversidad permite integrar a todos los alumnos y alumnas según sus aptitudes y necesidades. Se describe la fundamentación del programa así como las características y metodología seguida en su implementación.

False recognition production indexes in forward associative strength (FAS) lists with three critical words

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