On Pooled OLS and Panel Regression Models for Assessing the Contributions of Electronic Payment System on Commercial Banks Profitability

This study examined the impact of electronic payment system on the profitability of commercial banks in Nigeria. Pooled OLS and Panel regression models were fitted on the data extracted from the banks’ annual reports, Nigerian interbank settlement scheme, and central bank of Nigeria website. The assessment of the contribution of the various electronic payment systems considered were measured using Breusch and Pagan Lagrangian Multiplier (LM) Test, the Hausman Test, Stationarity Test, The Schwarz Criterion, and the Akaike Information Criterion. Results obtained showed that the random effect model was more appropriate than the fixed effect model for all the electronic payment systems considered in this study. Furthermore, it was discovered that there exists a positive relationship between the electronic payment systems and profitability of the commercial banks in Nigeria.

Consistency of the Modified Semi-Parametric MLE under the Linear Regression Model with Right-Censored Data

Under the right censorship model and under the linear regression model where may not exist, the modified semi-parametric MLE (MSMLE) was proposed by Yu and Wong [17]. The MSMLE of satisfying infinitely often) if is discontinuous, and the simulation study suggests that it is also consistent and efficient under certain regularity conditions. In this paper, we establish the consistency of the MSMLE under the necessary and sufficient condition that is identifiable. Notice that under the latter assumption, the Buckley-James estimator and the median regression estimator can be inconsistent (see Yu and Dong [20]).

Inferences on A Normal Mean with an Auxiliary Variable

Inferential procedures for a normal mean with an auxiliary variable are developed. First, the maximum likelihood estimation of the mean and its distribution are derived. Second, an F statistic based on the maximum likelihood estimation is proposed, and the hypothesis testing and confidence estimation are outlined. Finally, to illustrate the advantage of using auxiliary variable, Monte Carlo simulations are performed. The results indicate that using auxiliary variable can improve the efficiency of inference.

A New Strategy of Hybrid Models using ARIMA, ANN, and DWT in Time Series Modelling

Time series forecasting is a challenging task of interest in many disciplines. A variety of techniques have been developed to deal with the problem through a combination of different disciplines. Although various researches have proved successful for hybrid models, none of them carried out the comparisons with solid statistical test. This paper proposes a new stepwise model determination method for artificial neural network (ANN) and a novel hybrid model combining autoregressive integrated moving average (ARIMA) model, ANN and discrete wavelet transformation (DWT). Simulation studies are conducted to compare the performance of different models, including ARIMA, ANN, ARIMA-ANN, DWT-ARIMA-ANN and the proposed method, ARIMA-DWT-ANN. Also, two real data sets, Lynx data and cabbage data, are used to demonstrate the applications. Our proposed method, ARIMA-DWT-ANN, outperforms other methods in both simulated datasets and Lynx data, while ANN shows a better performance in the cabbage data. We conducted a two-way ANOVA test to compare the performances of methods. The results showed a significant difference between methods. As a brief conclusion, it is suggested to try on ANN and ARIMA-DWT-ANN due to their robustness and high accuracy. Since the performance of hybrid models may vary across data sets based on their ARIMA alike or ANN alike natures, they should all be considered when encountering a new data to reach an optimal performance.

The Covid-19 Effect on Security Mortgage Valuation

The reverse mortgage market has been expanding rapidly in developed economies in recent years. Reverse mortgages provide an alternative source of funding for retirement income and health care costs. We often hear the phrase “house rich and cash poor” to refer the increasing number of elderly persons who hold a substantial proportion of their assets in home equity. Reverse mortgage contracts involve a range of risks from the insurer’s perspective. When the outstanding balance exceeds the housing value before the loan is settled, the insurer suffers an exposure to crossover risk induced by three risk factors: interest rates, house prices, and mortality rates. In this context, Covid-19 has occurred and the insurer is faced with this additional source of risk. We analyse the combined impact of these risks on the pricing and the risk profile of reverse mortgage loans. We consider a CIR process for the evolution of the interest rate, a Black & Scholes model for the dynamics of house prices and the Gompertz model for the trend in mortality Our results show that the decrease in the mortality curve due to Covid exposes the insurer to higher risks once the shock is reabsorbed. The risk is higher the higher the age of entry. Only a significant reduction of the shock adjustment coefficient will return the situation to normality.

Exponential Type Estimator for the Population Mean Under Ranked Set Sampling

We propose a new exponential type estimator for the population mean by adapting the estimator suggested by Kadilar [12] to the Ranked Set Sampling (RSS). Theoretically and numerically, we show that the proposed exponential type estimator is more efficient than the classical ratio estimator in the RSS and the estimator of Kadilar et al. [11].

Generalized Beta-Exponential Weibull Distribution and its Applications

In this article, we investigate a distribution called the generalized beta-exponential Weibull distribution. Beta exponential x family of link function which is generated from family of generalized distributions is used in generating the new distribution. Its density and hazard functions have different shapes and contains special case of distributions that have been proposed in literature such as beta-Weibull, beta exponential, exponentiated-Weibull and exponentiated-exponential distribution. Various properties of the distribution were obtained namely; moments, generating function, Renyi entropy and quantile function. Estimation of model parameters through maximum likelihood estimation method and observed information matrix are derived. Thereafter, the proposed distribution is illustrated with applications to two different real data sets. Lastly, the distribution clearly shown that is better fitted to the two data sets than other distributions.

Geometric Regression for Modelling Count Data on the Time-to-First Antenatal Care Visit

Geometric distribution belongs to the family of discrete distribution that deals with the count of trail needed for first occurrence or success of any event. However, little attention has been paid in applying the GLM for the geometric distribution, which has a very simple form for its probability mass function with a single parameter. In this study, an attempt has been made to introduce geometric regression for modelling the count data. We have illustrated the suitability of the geometric regression model for analyzing the count data on time to first antenatal care visit that displayed under-dispersion, and the results were compared with Poisson and negative binomial regressions. We conclude that the geometric regression model may provide a flexible model for fitting count data sets which may present over-dispersion or under-dispersion, and the model may serve as an alternative model to the very familiar Poisson and negative binomial models for modelling count data.