Volatility regimes for the VIX index

This article presents a Markov chain framework to characterize the behavior of the CBOE Volatility Index (VIX index). Two possible regimes are considered: high volatility and low volatility. The specification accounts for deviations from normality and the existence of persistence in the evolution of the VIX index. Since the time evolution of the VIX index seems to indicate that its conditional variance is not constant over time, I consider two different versions of the model. In the first one, the variance of the index is a function of the volatility regime, whereas the second version includes an autoregressive conditional heteroskedasticity (ARCH) specification for the conditional variance of the index.

Genus and Braid Index Associated to Sequences of Renormalizable Lorenz Maps

We describe the Lorenz links generated by renormalizable Lorenz maps with reducible kneading invariant (K(f)(-), = K(f)(+)) = (X, Y) * (S, W) in terms of the links corresponding to each factor. This gives one new kind of operation that permits us to generate new knots and links from the ones corresponding to the factors of the *-product. Using this result we obtain explicit formulas for the genus and the braid index of this renormalizable Lorenz knots and links. Then we obtain explicit formulas for sequences of these invariants, associated to sequences of renormalizable Lorenz maps with kneading invariant (X, Y) * (S,W)*(n), concluding that both grow exponentially. This is specially relevant, since it is known that topological entropy is constant on the archipelagoes of renormalization.

O cinema do SPN/SNI – o ideal de Ferro, a realidade de chumbo

In Europe, the first half of the twentieth century was characterize by the rise of authoritarian regimes that used cinema as a propaganda tool for the prosecution and consolidation of political power. Indeed, film conveyed images, symbols, myths to an extent and strength that no other media had. In Portugal, the 1930 and 1940’s represent one of the most significant phases, either because of the introduction/strengthening of the technology of sound cinema, whether by the action of the Secretariado Nacional de Propaganda, the propaganda instrument of Estado Novo. Among the multitude of ways that this organization resorted to spread the political message of Estado Novo, cinema in particular aroused the attention of its director, António Ferro, as a preferred mean of communication with the masses. This communication seeks to examine the role played by António Ferro in the national film scene. It intends to determine the nature and direction of his cinematographic vision, i.e., his ethical and aesthetic assumptions, firstly, and secondly, its political action towards the portuguese film industry, as director of the SPN / SNI, under the tutelage of Oliveira Salazar.

O cinema do SPN/SNI – o ideal de Ferro, a realidade de chumbo

Em Portugal, as décadas de 1930 e 1940 constituem um período importante, quer pela introdução/consolidação tecnológica do cinema sonoro, quer pela acção do Secretariado da Propaganda Nacional. Dentre a multitude de meios de que este organismo se serviu para a difusão da mensagem política do regime do Estado Novo, o cinema desperta em particular a atenção do seu director, António Ferro, como meio privilegiado de comunicação com as massas. Neste artigo procura-se averiguar o papel desempenhado por António Ferro no panorama cinematográfico nacional, a nível da sua acção política sobre o cinema português.

Selecção do melhor descolorante para a eliminação da cor residual num efluente têxtil

Mestrado em Engenharia Química

Qual a importância da equipa multidisciplinar na retinopatia diabética?

O número crescente de diabéticos e pré-diabéticos existentes em Portugal e consequentemente o de doentes com retinopatia diabética, assim como a necessidade de resposta em tempo ideal, colocam um problema aos serviços de saúde. O rastreio, diagnóstico, tratamento e a monitorização pressupõem uma intervenção multidisciplinar ao nível da saúde pública, dos cuidados primários de saúde e dos cuidados hospitalares, nas respetivas vertentes epidemiológica, financeira, organizacional e de gestão de recursos.

The adjusted effect of maternal body mass index, energy and macronutrient intakes during pregnancy, and gestational weight gain on body composition of full-term neonates

Objective - To evaluate the effect of prepregnancy body mass index (BMI), energy and macronutrient intakes during pregnancy, and gestational weight gain (GWG) on the body composition of full-term appropriate-for-gestational age neonates. Study Design - This is a cross-sectional study of a systematically recruited convenience sample of mother-infant pairs. Food intake during pregnancy was assessed by food frequency questionnaire and its nutritional value by the Food Processor Plus (ESHA Research Inc, Salem, OR). Neonatal body composition was assessed both by anthropometry and air displacement plethysmography. Explanatory models for neonatal body composition were tested by multiple linear regression analysis. Results - A total of 100 mother-infant pairs were included. Prepregnancy overweight was positively associated with offspring weight, weight/length, BMI, and fat-free mass in the whole sample; in males, it was also positively associated with midarm circumference, ponderal index, and fat mass. Higher energy intake from carbohydrate was positively associated with midarm circumference and weight/length in the whole sample. Higher GWG was positively associated with weight, length, and midarm circumference in females. Conclusion - Positive adjusted associations were found between both prepregnancy BMI and energy intake from carbohydrate and offspring body size in the whole sample. Positive adjusted associations were also found between prepregnancy overweight and adiposity in males, and between GWG and body size in females.

Multi index model - uma abordagem para aplicação ao mercado accionista em Portugal

O mercado accionista, de uma forma global, tem-se revelado nos últimos tempos uma das principais fontes de incentivo ao mercado de valores mobiliários. O seu impacto junto do público em geral é enorme e a sua importância para as empresas é vital. Interessa, então, perceber como é que a teoria financeira tem obordado a avaliação e a compreensão do processo de formação de uma cotação. Desde os anos 50 até aos dias de hoje, interessa perceber como é que os diferentes autores têm tratado esta abordagem e quais os resultados deste confronto. Interessa sobretudo perceber o abordogem de Stephen Ross e a teoria do arbitragem. Na sequência desta obordagem e com o aparecimento do Multi Index Model, passou a ser possível extimar com maior precisão a evolução da cotação, na medida em que esta estaria dependente de um vasto conjunto de variavéis, que abragem uma vasta área de influência. O contributo de Ross é por isso decisivo. No final interessa reter a melhor técnica e teoria, que defende os interesses do investidor. Face o isto resta, então, saber qual a melhor técnica estatística para proceder a estes estudos empíricos.

Quadrados mágicos para todos os gostos

Voltamos ao tema dos quadrados mágicos. (...) Vejamos alguns exemplos curiosos. Começamos pelo Quadrado Mágico do Aniversariante (figura A). Se o leitor fizer as contas, verificará que a soma dos números de cada linha, de cada coluna e de cada uma das duas diagonais do quadrado é sempre 22 (figura B). Este é, portanto, um quadrado mágico ideal para quem tem 22 anos. Contudo, a sua utilização é muito mais flexível do que à primeira vista se possa pensar. Isto porque também é possível utilizar este quadrado mágico para felicitar qualquer amigo com mais de 22 anos. Se quisermos que o quadrado da figura A tenha constante mágica igual a x, com x>22, basta adicionar a cada um dos números das quatro casas brancas o valor x-22. (...) Na figura D, apresenta-se um Quadrado Mágico Reversível. Este quadrado aparece no livro "Self-working Number Magic", de Karl Fulves, publicado em 1983. Para começar, uma observação atenta a cada linha, coluna ou diagonal do quadrado permite concluir que, em cada uma dessas filas, são utilizados os mesmos algarismos: 1, 6, 8 e 9. Um olhar ainda mais atento permite detetar duas ocorrências de cada um desses algarismos por fila. (...)

Comorbidity adjustment index for the international classification of diseases, 10

OBJECTIVE: To develop a Charlson-like comorbidity index based on clinical conditions and weights of the original Charlson comorbidity index. METHODS: Clinical conditions and weights were adapted from the International Classification of Diseases, 10th revision and applied to a single hospital admission diagnosis. The study included 3,733 patients over 18 years of age who were admitted to a public general hospital in the city of Rio de Janeiro, southeast Brazil, between Jan 2001 and Jan 2003. The index distribution was analyzed by gender, type of admission, blood transfusion, intensive care unit admission, age and length of hospital stay. Two logistic regression models were developed to predict in-hospital mortality including: a) the aforementioned variables and the risk-adjustment index (full model); and b) the risk-adjustment index and patient's age (reduced model). RESULTS: Of all patients analyzed, 22.3% had risk scores >1, and their mortality rate was 4.5% (66.0% of them had scores >1). Except for gender and type of admission, all variables were retained in the logistic regression. The models including the developed risk index had an area under the receiver operating characteristic curve of 0.86 (full model), and 0.76 (reduced model). Each unit increase in the risk score was associated with nearly 50% increase in the odds of in-hospital death. CONCLUSIONS: The risk index developed was able to effectively discriminate the odds of in-hospital death which can be useful when limited information is available from hospital databases.

Body mass index for predicting hyperglycemia and serum lipid changes in Brazilian adolescents

OBJECTIVE: To determine the best cut-offs of body mass index for identifying alterations of blood lipids and glucose in adolescents. METHODS: A probabilistic sample including 577 adolescent students aged 12-19 years in 2003 (210 males and 367 females) from state public schools in the city of Niterói, Southeastern Brazil, was studied. The Receiver Operating Characteristic curve was used to identify the best age-adjusted BMI cut-off for predicting high levels of serum total cholesterol (>150mg/dL), LDL-C (>100mg/dL), serum triglycerides (>100mg/dL), plasma glucose (>100mg/dL) and low levels of HDL-C (< 45mg/dL). Four references were used to calculate sensitivity and specificity of BMI cut-offs: one Brazilian, one international and two American. RESULTS: The most prevalent metabolic alterations (>50%) were: high total cholesterol and low HDL-C. BMI predicted high levels of triglycerides in males, high LDL-C in females, and high total cholesterol and the occurrence of three or more metabolic alterations in both males and females (areas under the curve range: 0.59 to 0.67), with low sensitivity (57%-66%) and low specificity (58%-66%). The best BMI cut-offs for this sample (20.3 kg/m² to 21.0 kg/m²) were lower than those proposed in the references studied. CONCLUSIONS: Although BMI values lower than the International cut-offs were better predictor of some metabolic abnormalities in Brazilian adolescents, overall BMI is not a good predictor of these abnormalities in this population.

Estimate of DMFT index using teeth most affected by dental caries in twelve-year-old children

The objective of the study was to develop regression models to describe the epidemiological profile of dental caries in 12-year-old children in an area of low prevalence of caries. Two distinct random probabilistic samples of schoolchildren (n=1,763) attending public and private schools in Piracicaba, Southeastern Brazil, were studied. Regression models were estimated as a function of the most affected teeth using data collected in 2005 and were validated using a 2001 database. The mean (SD) DMFT index was 1.7 (2.08) in 2001 and the regression equations estimated a DMFT index of 1.67 (1.98), which corresponds to 98.2% of the DMFT index in 2001. The study provided detailed data on the caries profile in 12-year-old children by using an updated analytical approach. Regression models can be an accurate and feasible method that can provide valuable information for the planning and evaluation of oral health services.

Estudo e melhoria da capacidade de um processo industrial de panificação

Esta dissertação apresenta um estudo da capacidade do processo inserido uma empresa de panificação. Antes de iniciar o estudo propriamente dito, foi realizada uma calibração à balança na qual este estudo seria realizado. Os índices de capacidade do processo têm como principal finalidade verificar se a média e a variabilidade do processo estão em concordância com o alvo e os limites de especificação. Esta verificação permite o ajustamento do processo de maneira a reduzir a produção de produtos defeituosos. Neste trabalho foram utilizados os índices de capacidade considerando que as condições são ideais, isto é, quando existe normalidade nas amostras. Quando as condições não são ideais, como foi verificado, foram utilizadas técnicas para o cálculo dos índices de capacidade para este tipo de situações. A aplicação da metodologia de análise da capacidade do processo foi realizada com sucesso com recurso a amostras retiradas numa balança calibrada para o efeito.

Desenvolvimento do método de Índice de Qualidade ("QIM-Quality Index Method") para as lapas (Patella candei e Patella aspera) e estudo das suas condições de transporte

Dissertação de Mestrado, Estudos Integrados dos Oceanos, 15 de Março de 2016, Universidade dos Açores.