Predictability Of Share Prices In India: A Study Of The Applicability Of Technical Analysis

In spite of the far longed practices of technical analysis by many participants in Indian stock market, none have arrived at the exact position of technical analysis as a tool for foretelling share prices. There is no evidence supporting that one has established its definite role in predicting the behaviour of share price and also to see the extent of validity (how far reliable) of technical tools in Indian stock market. The problem is the vacuum in the arena of securities market analysis where an unrecognised tool is practised, i.e., whether to hold on to technical analysis or to drop it. Again, as already stated in this chapter, its validity need not continue forever. It may become futile as happened in developed markets. Continuous practice of a tool, which is valid only during discontinuous times is also an error. The efficacy of different market phenomena in terms of their ability to foretell the extent and direction of the price movements and reliability thereof remain as not yet proved in. This requires further study in this area so that this controversy may be settled. A solution to the problem requires enquiring and establishing the applicability of technical analysis, if any, there is in the Indian stock market. The study has the following two broad objectives for the purpose of confirming the applicability, if any, of technical analysis in the Indian stock market. The first objective is to ascertain the current validity of ‘traditional holding with respect to patterns’ and the second objective is to ascertain the ‘consistent superiority’, if any, of technical indicators over non-signal strategies in return generation. The study analyses the five patterns, which are widely known and commonly found in publications. They are: (1) Symmetrical Triangles, (2) Rising Wedges, (3) Falling Wedges, (4) Head and Shoulders Top and (5) Head and Shoulders Bottom.

Identifying Decisive Features for Distinctive Analysis of Writings in Malayalam

This paper presents a writer identification scheme for Malayalam documents. As the accomplishment rate of a scheme is highly dependent on the features extracted from the documents, the process of feature selection and extraction is highly relevant. The paper describes a set of novel features exclusively for Malayalam language. The features were studied in detail which resulted in a comparative study of all the features. The features are fused to form the feature vector or knowledge vector. This knowledge vector is then used in all the phases of the writer identification scheme. The scheme has been tested on a test bed of 280 writers of which 50 writers having only one page, 215 writers with at least 2 pages and 15 writers with at least 4 pages. To perform a comparative evaluation of the scheme the test is conducted using WD-LBP method also. A recognition rate of around 95% was obtained for the proposed approach

A STUDY OF THE PROSE WRITINGS 0FANAID SIHANKAR MADHAVAN

HINDI

Employment Realm in Technical Education in Kerala-A Study on the Problem of Unemployment among Engineers

The The The The growing demandgrowing demandgrowing demandgrowing demandgrowing demandgrowing demandgrowing demandgrowing demandgrowing demandgrowing demandgrowing demandgrowing demandgrowing demand for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of for the expansion of the the the the publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system publicly funded system of education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goodof education as merit and free goods emphasized emphasized emphasized emphasized emphasized emphasized emphasized emphasized emphasized emphasized on large allocation large allocation large allocation large allocation large allocation large allocation large allocation large allocation large allocation large allocation large allocation large allocation large allocation large allocation large allocation large allocation large allocation of funds on of funds on of funds on of funds on of funds on of funds on of funds on of funds on of funds on of funds on of funds for promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting educationfor promoting education. Compared to . Compared to . Compared to . Compared to . Compared to . Compared to . Compared to . Compared to . Compared to . Compared to . Compared to . Compared to . Compared to the rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of Indiathe rest of India, Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead , Kerala is far ahead in this respect in this respect in this respect in this respect in this respect in this respect in this respect in this respect in this respect in this respect in this respect in this respect in this respect in this respect in this respect in this respect primarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the eprimarily because of the earlierarlierarlierarlierarlierarlier political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social political and social compulsions ofcompulsions ofcompulsions ofcompulsions ofcompulsions ofcompulsions ofcompulsions ofcompulsions ofcompulsions ofcompulsions ofcompulsions ofcompulsions ofcompulsions of the state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The prethe state. The presumption of sumption of sumption of sumption of sumption of sumption of sumption of sumption of sumption of sumption of sumption of assured assured assured assured assured assured assured assured and guaranteed and guaranteed and guaranteed and guaranteed and guaranteed and guaranteed and guaranteed and guaranteed and guaranteed and guaranteed and guaranteed and guaranteed and guaranteed and guaranteed and guaranteed employment in employment in employment in employment in employment in employment in employment in employment in employment in employment in employment in employment in the Middle East the Middle East the Middle East the Middle East the Middle East the Middle East the Middle East the Middle East the Middle East the Middle East the Middle East the Middle East the Middle East the Middle East the Middle East the Middle East and also in other and also in other and also in other and also in other and also in other and also in other and also in other and also in other and also in other and also in other and also in other and also in other and also in other and also in other and also in other and also in other and also in other and also in other countries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased furthecountries increased further the scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher educationthe scope of higher education in KeralaKeralaKeralaKeralaKeralaKerala, particularparticularparticularparticularparticularparticularparticularparticularparticularparticularly the technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe technical educationthe

From evolution to co-evolution – An empirical study of the role of innovation, policy and public research in industrial dynamics

In the past decades since Schumpeter’s influential writings economists have pursued research to examine the role of innovation in certain industries on firm as well as on industry level. Researchers describe innovations as the main trigger of industry dynamics, while policy makers argue that research and education are directly linked to economic growth and welfare. Thus, research and education are an important objective of public policy. Firms and public research are regarded as the main actors which are relevant for the creation of new knowledge. This knowledge is finally brought to the market through innovations. What is more, policy makers support innovations. Both actors, i.e. policy makers and researchers, agree that innovation plays a central role but researchers still neglect the role that public policy plays in the field of industrial dynamics. Therefore, the main objective of this work is to learn more about the interdependencies of innovation, policy and public research in industrial dynamics. The overarching research question of this dissertation asks whether it is possible to analyze patterns of industry evolution – from evolution to co-evolution – based on empirical studies of the role of innovation, policy and public research in industrial dynamics. This work starts with a hypothesis-based investigation of traditional approaches of industrial dynamics. Namely, the testing of a basic assumption of the core models of industrial dynamics and the analysis of the evolutionary patterns – though with an industry which is driven by public policy as example. Subsequently it moves to a more explorative approach, investigating co-evolutionary processes. The underlying questions of the research include the following: Do large firms have an advantage because of their size which is attributable to cost spreading? Do firms that plan to grow have more innovations? What role does public policy play for the evolutionary patterns of an industry? Are the same evolutionary patterns observable as those described in the ILC theories? And is it possible to observe regional co-evolutionary processes of science, innovation and industry evolution? Based on two different empirical contexts – namely the laser and the photovoltaic industry – this dissertation tries to answer these questions and combines an evolutionary approach with a co-evolutionary approach. The first chapter starts with an introduction of the topic and the fields this dissertation is based on. The second chapter provides a new test of the Cohen and Klepper (1996) model of cost spreading, which explains the relationship between innovation, firm size and R&D, at the example of the photovoltaic industry in Germany. First, it is analyzed whether the cost spreading mechanism serves as an explanation for size advantages in this industry. This is related to the assumption that the incentives to invest in R&D increase with the ex-ante output. Furthermore, it is investigated whether firms that plan to grow will have more innovative activities. The results indicate that cost spreading serves as an explanation for size advantages in this industry and, furthermore, growth plans lead to higher amount of innovative activities. What is more, the role public policy plays for industry evolution is not finally analyzed in the field of industrial dynamics. In the case of Germany, the introduction of demand inducing policy instruments stimulated market and industry growth. While this policy immediately accelerated market volume, the effect on industry evolution is more ambiguous. Thus, chapter three analyzes this relationship by considering a model of industry evolution, where demand-inducing policies will be discussed as a possible trigger of development. The findings suggest that these instruments can take the same effect as a technical advance to foster the growth of an industry and its shakeout. The fourth chapter explores the regional co-evolution of firm population size, private-sector patenting and public research in the empirical context of German laser research and manufacturing over more than 40 years from the emergence of the industry to the mid-2000s. The qualitative as well as quantitative evidence is suggestive of a co-evolutionary process of mutual interdependence rather than a unidirectional effect of public research on private-sector activities. Chapter five concludes with a summary, the contribution of this work as well as the implications and an outlook of further possible research.

Technical and scale efficiency of cassava production system in Delta State, Nigeria: an application of Two-Stage DEA approach

The present study examines the level of pure technical and scale efficiencies of cassava production system including its sub-processes (that is production and processing stages) of 278 cassava farmers/processors from three regions of Delta State, Nigeria by applying Two-Stage Data Envelopment Analysis (DEA) approach. Results reveal that pure technical efficiency (PTE) is significantly lower at the production stage 0.41 vs 0.55 for the processing stage, but scale efficiency (SE) is high at both stages (0.84 and 0.87), implying that productivity can be improved substantially by reallocation of resources and adjusting operation size. The socio-economic determinants exert differential impacts on PTE and SE at each stage. Overall, education, experience and main occupation as farmer significantly improve SE while subsistence pressure reduces it. Extension contact significantly improves SE at the processing stage but reduces PTE and SE overall. Inverse size-PTE and size-SE relationships exist in cassava production system. In other words, large/medium farms are technically and scale inefficient. Gender gap exists in performance. Male farmers are technically efficient at processing stage but scale inefficient overall. Farmers in northern region are technically efficient. Investments in education, extension services and infrastructure are suggested as policy options to improve the cassava sector in Nigeria.

Determinants of technical efficiency of freshwater prawn farming in southwestern Bangladesh

This paper estimates a translog stochastic production function to examine the determinants of technical efficiency of freshwater prawn farming in Bangladesh. Primary data has been collected using random sampling from 90 farmers of three villages in southwestern Bangladesh. Prawn farming displayed much variability in technical efficiency ranging from 9.50 to 99.94% with mean technical efficiency of 65%, which suggested a substantial 35% of potential output can be recovered by removing inefficiency. For a land scarce country like Bangladesh this gain could help increase income and ensure better livelihood for the farmers. Based on the translog production function specification, farmers could be made scale efficient by providing more input to produce more output. The results suggest that farmers’ education and non-farm income significantly improve efficiency whilst farmers’ training, farm distance from the water canal and involvement in fish farm associations reduces efficiency. Hence, the study proposes strategies such as less involvement in farming-related associations and raising the effective training facilities of the farmers as beneficial adjustments for reducing inefficiency. Moreover, the key policy implication of the analysis is that investment in primary education would greatly improve technical efficiency.

Writing a Technical Report for Electronic and Electrical Engineers

Has a mixture of factual information (conventions on how a report should be structured) and motivational information on improving writing and communication skills

A guide to writing formal technical reports

A guide to writing formal technical reports for IT and CS students

Technical Report Background Reading Guidance and Links

Handout which contains a set of links to a variety of background resources associated with the topics for a technical report coursework. Resources are clustered into three overview areas, but contain links which be used to address each of the six questions scenarios.

Writing Technical Reports and Papers

A brief coverage of the structure of a paper/report and some hints on writing and avoiding plagiarism