The Entrepreneurial Decision: Economic Theory and Empirical Evidence

1995 ◽  
Vol 19 (4) ◽  
pp. 67-79 ◽  
Author(s):  
Joseph G. Eisenhauer

This paper Integrates three major traditions of economic thought into a model of entrepreneurial decision making. Several testable hypotheses are formulated, and the model Is estimated using a 33-year sample of aggregate time-series data for the U.S.

2020 ◽  
Vol 8 (10) ◽  
pp. 754
Author(s):  
Miao Gao ◽  
Guo-You Shi

Intelligent unmanned surface vehicle (USV) collision avoidance is a complex inference problem based on current navigation status. This requires simultaneous processing of the input sequences and generation of the response sequences. The automatic identification system (AIS) encounter data mainly include the time-series data of two AIS sets, which exhibit a one-to-one mapping relation. Herein, an encoder–decoder automatic-response neural network is designed and implemented based on the sequence-to-sequence (Seq2Seq) structure to simultaneously process the two AIS encounter trajectory sequences. Furthermore, this model is combined with the bidirectional long short-term memory recurrent neural networks (Bi-LSTM RNN) to obtain a network framework for processing the time-series data to obtain ship-collision avoidance decisions based on big data. The encoder–decoder neural networks were trained based on the AIS data obtained in 2018 from Zhoushan Port to achieve ship collision avoidance decision-making learning. The results indicated that the encoder–decoder neural networks can be used to effectively formulate the sequence of the collision avoidance decision of the USV. Thus, this study significantly contributes to the increased efficiency and safety of maritime transportation. The proposed method can potentially be applied to the USV technology and intelligent collision-avoidance systems.


2018 ◽  
Vol 3 (1) ◽  
pp. 155-162 ◽  
Author(s):  
Markus Dög ◽  
Johannes Wildberg ◽  
Bernhard Möhring

Abstract Multifunctional forestry in Germany is characterized by long production periods and complex biological-technical processes. Private forest enterprises are complex systems which are closely interwoven with the economic environment. To ensure their economic success, forest landowners need to take the economic development into consideration and adapt their management strategies. Management accounting is an important source for information needed to fulfil main tasks of accounting that help to manage forest enterprises: ‘description’, ‘explanation’ and ‘decision making’. To get general data, long time series data, taken from Forest Accountancy Networks (FAN), can be analysed. For more than 45 years, data from the FAN Westfalen-Lippe in Germany has been collected and analysed by the department of Forest Economics and Forest Management at the University of Göttingen. The long-term development and adaptation strategies of defined groups of private forest enterprises can be illustrated using this data. These valuable time series can support decision-making processes for private forest landowners and provide tools for forest policy. The data shows that private forest enterprises, with spruce as the dominating tree species, have performed above average in terms of operating revenues and profit margins, but are also more susceptible to calamities resulting in higher involuntary timber harvests.


1985 ◽  
Vol 22 (4) ◽  
pp. 415-423 ◽  
Author(s):  
John M. Mccann ◽  
David J. Reibstein

The U.S. population is expected to undergo significant shifts in its demographic and socioeconomic makeup. The authors present a series of methods for estimating the impact of these shifts on product demand. In addition, two new methods for pooling time-series and cross-sectional data are presented. One method combines disaggregate cross sectional data with aggregate time-series data and the second method involves a differential scheme for pooling cross sections for each variable in the model.


2021 ◽  
Vol 251 ◽  
pp. 01014
Author(s):  
Ding Huang ◽  
Ming Zhong ◽  
Xupeng Shi

This paper studies the prediction of interbank offered rate changes in each working day. Using the actual data of each working day of China’s interbank offered rate from 2007 to 2019, this paper sets up ARIMA, Prophet, grey model and MTGNN to study and verify the time series data, and make a comparison between these models. The limitation of this paper is that it does not consider the impact of macroeconomic characteristics but only considers the predict changes in time series. The results of this paper are expected to be helpful for bank management and interbank transaction decision making.


F1000Research ◽  
2016 ◽  
Vol 5 ◽  
pp. 2592
Author(s):  
Martin D. King ◽  
Suresh Pujar ◽  
Rod C. Scott

Background The seizure-count time series data acquired from three children with refractory epilepsy were used in a statistical modelling analysis designed to provide an explanation for the marked variation in seizure frequency that often occurs over time (over-dispersed Poisson behaviour). This was motivated by an expectation that a better understanding of the spontaneous shifts in seizure-activity that are observed in some cases should reduce the risk of over-treatment caused by inappropriate changes in medication. Methods The analyses were performed using Poisson hidden Markov models (HMMs), both Bayesian and non-Bayesian, implemented using Markov chain Monte Carlo and the expectation-maximisation algorithm, respectively. A defining feature of the models, as applied to epilepsy, is the assumed existence of two or more pathological states, with state-specific Poisson rates, and random transitions between the states. Posterior predictive simulation was used to assess the validity of the Bayesian HMMs. Results The results are presented in the form of state transition probability and Poisson rate estimates (i.e., the primary HMM parameters), together with information derived from these primary parameters. State-specific mean-duration (sojourn time) estimates and sojourn-time complementary cumulative probability distributions are the main focus. HMM analyses are presented for three children that differed markedly in their seizure behaviour. The first is characterised by an extreme seizure count on one occasion; the second underwent a spontaneous decrease in seizure activity during the observation period; the third seizure-count time trajectory is characterised by a gradual change in mean seizure activity. We show that, despite their considerable differences, each of the observed seizure-count trajectories can be treated adequately using an HMM. Conclusions The study demonstrates that clinically relevant information can be obtained using HM modelling in three cases with markedly different seizure behaviour. The resulting subject-specific statistics provide useful clinical insights which should aid those engaged in clinical decision making.


Author(s):  
Shogo Higuchi ◽  
Ryohei Orihara ◽  
Yuichi Sei ◽  
Yasuyuki Tahara ◽  
Akihiko Ohsuga

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