scholarly journals Post-Issue Operating Performance Of Nasdaq IPOs

2011 ◽  
Vol 1 (1) ◽  
Author(s):  
Arvin Ghosh
Keyword(s):  
Multiple Regression ◽  
Operating Performance ◽  
Securities Markets ◽  
Regression Equations ◽  
Equity Issues ◽  
Closing Price ◽  
The Mean ◽  
Fair Sample ◽  
One Year ◽  
The U.S

In the ’90s bullish stock markets, it was the IPO which created the bubble of ‘excessive exuberance’, particularly in the technology-heavy NASDAQ market.  In our study we have taken a fair sample of NASDAQ IPOs issued during 1990-2000 in order to examine the post-issue operating performance of these IPOs.  We have found that during 1990-1995, the mean post-issue one-month return was 1.67%, the mean six-month return was 4.28%, and the mean one-year return was 5.23%, respectively.  This could be compared with the results for the 1996-2000 period when the mean one-month return was 3.29%, mean six-month return was 16.96%, and the mean one-year return was 19.97%, respectively.  As for the debt/asset and debt/equity ratios for the same two periods, the former was 11.98% and 15.23% for the two periods, and the latter ratio was 5.38% in 1990-1995 and 3.13% in 1996-2000.  This clearly shows that the NASDAQ bubble was mainly created by the equity issues, not by the issuance of debt securities.  Using the multiple regression equations, we also have found that only the first-day closing price was consistently and negatively associated with annual returns.  Obviously, the phenomenon of initial underpricing played a big role in determining the annual return of the NASDAQ IPOs during the last decade in the U.S. securities markets.

Sample Size and the Accuracy of Predictions Made from Multiple Regression Equations

1982 ◽  
Vol 7 (2) ◽  
pp. 91-104 ◽  
Author(s):  
Richard Sawyer
Keyword(s):  
Sample Size ◽  
Multiple Regression ◽  
Normal Population ◽  
Absolute Error ◽  
Multiple Regression Equation ◽  
Regression Equations ◽  
Multivariate Normal ◽  
Rules Of Thumb ◽  
Multivariate Normal Population ◽  
The Mean

Some rules of thumb are given for estimating the accuracy of predictions based on a multiple regression equation developed from a random sample of a multivariate normal population. The distribution of the prediction error in this case can be approximated usefully by a normal distribution. Formulas are given for the moments of the distribution and for other parameters such as the mean absolute error (MAE). The approximate inflation in MAE (over its asymptotic value) due to estimating the regression coefficients is a simple function of the base sample size and the number of predictors.

Obtaining Secondary Treatment with RBC/Underflow Clarifiers

1982 ◽  
Vol 14 (6-7) ◽  
pp. 429-442
Author(s):  
I L Bogert
Keyword(s):  
Treatment Process ◽  
High Rate ◽  
Experimental Program ◽  
Secondary Treatment ◽  
Lower Zone ◽  
Treatment Efficiency ◽  
Winter Conditions ◽  
Rotating Biological Contactors ◽  
One Year ◽  
The U.S

A one-year experimental program conducted at Edgewater, New Jersey, U.S.A. evaluated the concept of providing secondary treatment by the installation of rotating biological contactors (RBC's) in modified primary sedimentation tanks. A primary tank was divided horizontally into two zones separated by an intermediate floor. Four RBC's were placed in the upper zone. The lower zone provided secondary sedimentation. High rate primary sedimentation was provided to remove grit and trash without removing substantial portions of BOD and SS. The experimental program funded by the U.S. EPA and the Borough of Edgewater was conducted over a full year at different loads. The system proved to be an effective secondary treatment process with little difference in treatment efficiency between summer and winter conditions.

scholarly journals Incomplete Kawasaki disease - a diagnostic and therapeutic challenge

2014 ◽  
Vol 9 (4) ◽  
pp. 30-35
Author(s):  
S Datta ◽  
S Maiti ◽  
G Das ◽  
A Chatterjee ◽  
P Ghosh
Keyword(s):  
Kawasaki Disease ◽  
Intravenous Immunoglobulin ◽  
Incomplete Kawasaki Disease ◽  
Duration Of Symptoms ◽  
Clinical Criteria ◽  
Echocardiographic Finding ◽  
2D Echocardiography ◽  
Acquired Heart Disease ◽  
The Mean ◽  
One Year

Background The diagnosis of classical Kawasaki Disease was based on clinical criteria. The conventional criteria is particularly useful in preventing over diagnosis, but at the same time it may result in failure to recognize the incomplete form of Kawasaki Disease. Objective To suspect incomplete Kawasaki Disease, because early diagnosis and proper treatment may reduce substantial risk of developing coronary artery abnormality which is one of the leading causes of acquired heart disease in children. Method Nine cases of incomplete Kawasaki Disease were diagnosed over a period of one year. The diagnosis of incomplete Kawasaki Disease was based on fever for five days with less than four classical clinical features and cardiac abnormality detected by 2D- echocardiography. A repeat echocardiography was done after 6 weeks of onset of illness. The patients were treated with Intravenous Immunoglobulin and/or aspirin. Result The mean age of the patients was 3.83 years and the mean duration of symptoms before diagnosis was 12.1 days. Apart from other criteria all of our patients had edema and extreme irritability. All the patients had abnormal echocardiographic finding. Five patients received only aspirin due to nonaffordability of Intravenous Immunoglobulin and four patients received both aspirin and Intravenous Immunoglobulin, but the outcome was excellent in all the cases. Conclusion Incomplete Kawasaki Disease can be diagnosed with more awareness and aspirin alone may be used as a second line therapy in case of non affordability of Intravenous Immunoglobulin. Journal of College of Medical Sciences-Nepal, 2013, Vol-9, No-4, 30-35 DOI: http://dx.doi.org/10.3126/jcmsn.v9i4.10234

scholarly journals Development of Perceptual Inhibition in Adolescents—a Critical Period?

Symmetry ◽  
2021 ◽  
Vol 13 (3) ◽  
pp. 457
Author(s):  
Isabel María Introzzi ◽  
María Marta Richard’s ◽  
Yesica Aydmune ◽  
Eliana Vanesa Zamora ◽  
Florencia Stelzer ◽  
...  
Keyword(s):  
Response Time ◽  
Executive Functions ◽  
Critical Period ◽  
Search Task ◽  
Probability Distributions ◽  
Linear Trajectory ◽  
Gaussian Functions ◽  
Mean Response Time ◽  
The Mean ◽  
One Year

Recent studies suggest that the developmental curves in adolescence, related to the development of executive functions, could be fitted to a non-linear trajectory of development with progressions and retrogressions. Therefore, the present study proposes to analyze the pattern of development in Perceptual Inhibition (PI), considering all stages of adolescence (early, middle, and late) in intervals of one year. To this aim, we worked with a sample of 275 participants between 10 and 25 years, who performed a joint visual and search task (to measure PI). We have fitted ex-Gaussian functions to the probability distributions of the mean response time across the sample and performed a covariance analysis (ANCOVA). The results showed that the 10- to 13-year-old groups performed similarly in the task and differ from the 14- to 19-year-old participants. We found significant differences between the older group and all the rest of the groups. We discuss the important changes that can be observed in relation to the nonlinear trajectory of development that would show the PI during adolescence.

scholarly journals Asynchrony of Gambierdiscus spp. Abundance and Toxicity in the U.S. Virgin Islands: Implications for Monitoring and Management of Ciguatera

Toxins ◽  
2021 ◽  
Vol 13 (6) ◽  
pp. 413
Author(s):  
Justin D. Liefer ◽  
Mindy L. Richlen ◽  
Tyler B. Smith ◽  
Jennifer L. DeBose ◽  
Yixiao Xu ◽  
...  
Keyword(s):  
Harmful Algal Blooms ◽  
Algal Blooms ◽  
Environmental Parameters ◽  
Virgin Islands ◽  
Coastal Communities ◽  
Trophic Levels ◽  
Us Virgin Islands ◽  
Benthic Dinoflagellates ◽  
The Mean ◽  
The U.S

Ciguatera poisoning (CP) poses a significant threat to ecosystem services and fishery resources in coastal communities. The CP-causative ciguatoxins (CTXs) are produced by benthic dinoflagellates including Gambierdiscus and Fukuyoa spp., and enter reef food webs via grazing on macroalgal substrates. In this study, we report on a 3-year monthly time series in St. Thomas, US Virgin Islands where Gambierdiscus spp. abundance and Caribbean-CTX toxicity in benthic samples were compared to key environmental factors, including temperature, salinity, nutrients, benthic cover, and physical data. We found that peak Gambierdiscus abundance occurred in summer while CTX-specific toxicity peaked in cooler months (Feb–May) when the mean water temperatures were approximately 26–28 °C. These trends were most evident at deeper offshore sites where macroalgal cover was highest year-round. Other environmental parameters were not correlated with the CTX variability observed over time. The asynchrony between Gambierdiscus spp. abundance and toxicity reflects potential differences in toxin cell quotas among Gambierdiscus species with concomitant variability in their abundances throughout the year. These results have significant implications for monitoring and management of benthic harmful algal blooms and highlights potential seasonal and highly-localized pulses in reef toxin loads that may be transferred to higher trophic levels.

Studies on the storage of potatoes. III. The composition of the atmosphere in a potato clamp

1950 ◽  
Vol 40 (3) ◽  
pp. 227-232 ◽  
Author(s):  
E. M. Crook ◽  
D. J. Watson
Keyword(s):  
Multiple Regression ◽  
Wind Velocity ◽  
Practical Importance ◽  
Oxygen Depletion ◽  
Unsaturated Compounds ◽  
The Face ◽  
Flow Through ◽  
The Mean ◽  
Oxygen Concentrations

The CO2 concentration in the atmosphere of a potato clamp varied between 0·06 and 0·86%. The sum of CO2 and oxygen concentrations remained approximately constant at 21%. The CO2 concentration increased with time from December to April. This was attributed to increase in the rate of respiration of the potatoes caused by rise of temperature. Wind blowing in the direction normal to the face of the clamp reduced the COa concentration, presumably by causing external air to flow through the clamp coverings. A multiple regression of CO2 concentration on temperature of the potatoes at the time of sampling, and on the mean component of wind velocity normal to the clamp face estimated over a period of 3 hr. before the time of sampling, accounted for 64% of the variance between sampling occasions.Unsaturated compounds were detected in the clamp atmosphere by absorption in bromine; the concentration of these, expressed as ethylene, varied between 0·004 and 0·025%.The magnitude of CO2 accumulation and oxygen depletion in the clamp atmosphere was too small to produce effects of practical importance on the storage behaviour of the potatoes. If the unsaturated compounds were ethylene, the concentration present was sufficient to cause appreciable retardation of sprouting.

scholarly journals One-year outcomes of the U.S. and Japanese regulatory trial of the Misago stent for treatment of superficial femoral artery disease (OSPREY study)

2016 ◽  
Vol 63 (2) ◽  
pp. 370-376.e1 ◽  
Author(s):  
Takao Ohki ◽  
John F. Angle ◽  
Hiroyoshi Yokoi ◽  
Michael R. Jaff ◽  
Jeffrey Popma ◽  
...  
Keyword(s):  
Femoral Artery ◽  
Superficial Femoral Artery ◽  
Artery Disease ◽  
One Year ◽  
The U.S

scholarly journals Thermoregulation in colonies of africanized and hybrids with Caucasian, Italian and Carniolan Apis mellifera honey bees

1999 ◽  
Vol 42 (4) ◽  
Author(s):  
Vagner de Alencar Arnaut de Toledo ◽  
Regina Helena Nogueira-Couto
Keyword(s):  
Apis Mellifera ◽  
Honey Bees ◽  
Maximum Temperature ◽  
Tropical Region ◽  
Internal Temperature ◽  
Africanized Honey Bees ◽  
Significant Difference ◽  
The Mean ◽  
One Year ◽  
Brood Nest

This experiment was carried out to study the internal temperature regulation of a colony of Africanized honey bees (AFR), compared with hybrid Caucasian (CAU), Italian (ITA), and Carniolan (CAR) bees, during the period of one year and different size hives located in a sub-tropical region. The instant internal temperature, 33.7 ± 1.5° C for the AFR, 33.5 ± 1.4° C for the CAU, 33.7 ± 1.5° C for the ITA and 33.8 ± 1.4° C for the CAR, did not show any significant difference (P>0.05). The maximum temperature (36.1 ± 2.3° C) was statistically different (P<0.05) from the minimum (27.6 ± 5.3° C). There was no difference (P>0.05) in the mean internal temperature, between the nucleus (31.7 ± 6.3° C) and the brood nest (32.1 ± 5.3° C) measured between two and four o'clock in the afternoon.

Estimation de la production de jeunes plantations de pin rouge et de pin gris du sud du Québec

1976 ◽  
Vol 6 (4) ◽  
pp. 478-486 ◽  
Author(s):  
H. A. Bolghari
Keyword(s):  
Multiple Regression ◽  
Jack Pine ◽  
Red Pine ◽  
Pine Plantations ◽  
Regression Equations ◽  
Pine Plantation ◽  
South Shore ◽  
Pine Stands ◽  
Natural Stands ◽  
St Lawrence River

Multiple regression equations have been developed to predict yield from young red pine and jack pine plantations. Data from 446 sample plots representing young red pine and jack pine stands located on the south shore of the St. Lawrence River between Quebec and Montreal were analysed. The red pine plantation yielded more than the jack pine. However, in plantation both species yield more than in natural stands. Taking into account the age and spacing of the sampled plantations, the equation obtained can provide information on yield of red pine and jack pine stands the maximum spacing of which is 3 × 3 m, up to the age of 45 and 35 years respectively. The equations will allow the construction of preliminary yield tables for both species.

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