• 아태비즈니스연구
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• 제11권3호
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• pp.199-215
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• 2020

Purpose - This article tries to test if the conditional consumption capital asset pricing model (CCAPM) with bank credit for household as a conditional variable can explain the cross-sectional variation of stock returns in Korea. The performance of conditional CCAPM is compared to that of multifactor asset pricing models based on Arbitrage Pricing Theory. Design/methodology/approach - This paper extends the simple CCAPM to the conditional version of CCAPM by using bank credit for household as conditioning information. By employing KOSPI and KOSDAQ stocks as test assets from the second quarter of 2003 to the first quarter of 2018, this paper estimates risk premiums of conditional CCAPM and a variety of multifactor linear models such as Fama-French three and five-factor models. The significance of risk factors and the adjusted coefficient of determination are the basis for the comparison in models' performances. Findings - First, the paper finds that conditional CCAPM with bank credit performs as well as the multifactor linear models from Arbitrage Pricing theory on 25 test assets sorted by size and book-to-market. When using long-term consumption growth, the conditional CCAPM explains the cross-sectional variation of stock returns far better than multifactor models. Not only that, although the performances of multifactor models decrease on 75 test assets, conditional CCAPM's performance is well maintained. Research implications or Originality - This paper proposes bank credit for household as a conditional variable for CCAPM. This enables CCAPM, one of the most famous economic asset pricing models, to conform with the empirical data. In light of this, we can now explain the cross-sectional variation of stock returns from an economic perspective: Asset's riskiness is determined by its correlation with consumption growth conditional on bank credit for household.

• 한국지능시스템학회:학술대회논문집
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• 한국퍼지및지능시스템학회 2003년도 춘계 학술대회 학술발표 논문집
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• pp.18-21
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• 2003

We propose some properties of fuzzy conditional expectation of hybrid number the addition of fuzzy number and random variable using Cartesian product distance for ${\alpha}$-level sets.

• Communications for Statistical Applications and Methods
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• 제8권3호
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• pp.753-765
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• 2001

We suggest a quantitative conditional unrelated question model that can be used in obtaining more sensitive information. For whom say "yes" about the less 7han sensitive question .B we ask only about the more sensitive variable X. We extend our model to two sample case when there is no information about the true mean of the unrelated variable Y. Finally we compare the efficiency of our model with that of Greenberg et al.′s.

• 한국가시화정보학회지
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• 제2권1호
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• pp.8-11
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• 2004

Conditional sampling measurement is required for conditional averages as well as unconditional Favre averages to resolve different flame structures of turbulent combustion. A Favre average can be obtained as an integral of conditional average and Favre PDF in terms of the mixture fraction, which is a preferred choice as a sampling variable in diffusion controlled turbulent combustion. MILD combustion data are presented as an example for a conditionally averaged data set and comparison with CMC calculation results.

• Journal of applied mathematics & informatics
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• 제41권6호
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• pp.1341-1364
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• 2023

This article introduces a method for estimating the conditional hazard function of a real-valued response variable based on a functional variable. The method uses local linear estimation of the conditional density and cumulative distribution function and is applied to a functional stationary ergodic process where the explanatory variable is in a semi-metric space and the response is a scalar value. We also examine the uniform almost complete convergence of this estimation technique.

• 한국연소학회:학술대회논문집
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• 한국연소학회 1997년도 제15회 KOSCO SYMPOSIUM 논문집
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• pp.113-122
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• 1997

The conditional moment closure formulation considering the molecular and turbulent diffusion is derived. A simplified solution procedure is proposed to reduce the computational burden due to the increased dimensionality of the conditionally averaged variables. A conditionally averaged variable is expressed as a linear weighted average of the two extremes, 'no reaction' and 'equilibrium' states. The modified elliptic-type conditional moment closure formulation is implemented to simulate a two dimensional nonpremixed mixing layer reacting flow. Results show good agreement for the conditional averages of the species concentration in Bilger et al.

• 한국정보과학회논문지:소프트웨어및응용
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• 제36권12호
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• pp.1034-1037
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• 2009

수화 적출이란 연속된 영상에서 수화의 시작과 끝점을 찾고, 이를 사전에 정의된 수화 단어로 인식하는 방법을 말한다. 수화는 매우 다양한 손의 움직임과 모양으로 구성되어 있고, 그 변화가 다양하여 적출에 많은 어려움이 있다. 특히, 다양한 길이의 궤적 정보로 구성된 수화는 길이가 긴 수화에 대해 짧은 길이를 갖는 수화가 인식에 필요한 정보를 추출하기 어려운 문제점 있다. 본 논문에서는 다양한 길이를 갖는 입력 데이터의 특징을 반영할 수 있는 Semi-Markov Conditional Random Field에 기반하여 다양한 수화의 길이에 강인하게 수화를 적출하는 방법을 제안한다. 성능 평가를 위해 미국 수화와 한국 수화 데이터베이스를 사용하여 연속된 수화 영상에서의 수화 적출 성능을 평가하였고, 실험 결과 기존의 Hidden Markov Model과 Conditional Random Field보다 뛰어난 성능을 보였다.

• Journal of the Korean Data and Information Science Society
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• 제23권1호
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• pp.121-129
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• 2012

연관성규칙은 대용량 데이터베이스에서 각 항목들 간의 관련성을 찾아내는 기법이다. 현재 연관성규칙의 효율성을 개선하기 위하여 많은 연구자들에 의하여 제약 기반 연관성규칙의 연구가 활발하게 진행되고 있다. 연관성규칙 생성 시, 종종 많은 규칙들을 발견할 수 있다. 이들 규칙 중에서 변수들 간에 우연히 관련성이 높게 나타나는 경우가 존재할 수 있고 주변 조건부 변수 (매개변수, 외적변수)에 의하여 직접적인 관련성이 없는 규칙을 발견할 수도 있으며, 그 규칙은 간접적 해석만 가능하므로 의미가 없는 것으로 판단 할 수 있다. 이에 본 연구에서는 연관성 규칙에서 주변 조건부 변수를 고려한 연관성 규칙 생성에 관하여 연구하고자 하며, 이를 실례를 통하여 고찰하였다. 본 연구의 결과를 적용함으로써 연관성 규칙에서 의미 없는 규칙을 찾을 수 있으며, 변수들 간의 관련성을 보다 정확하고 명확하게 이해할 수 있을 것이다.

• 한국연소학회:학술대회논문집
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• 한국연소학회 2002년도 제24회 KOSCO SYMPOSIUM 논문집
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• pp.41-45
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• 2002

The zone-conditioned CMC equations are derived by taking an unconditional average of the generic conservation equations multiplied by delta and Heaviside functions in terms of mixture fraction and reaction progress variable. The resulting equations are essentially in the same form as the single zone CMC equations except for separate flow fields for burned and unburned gas. The zone-conditioned two-fluid equations are applied to a stagnating turbulent premixed flame brush of Cheng and Shepherd[5l. It is shown that the flame stretch factor is of crucial importance to accurately reproduce the measured mean reaction progress variable and conditional velocities. Further work is in progress for the relationship between surface and volume averages and extension to partially premixed combustion on the basis of a triple flame structure, e. g. in a lifted turbulent diffusion flame.

• 대한전자공학회논문지
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• 제26권9호
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• pp.1299-1307
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• 1989

A Korean syllable is regarded as a random variable according to its probabilistic property in occurrence. A Korean syllable is divided into a 'choseong', a 'jungseong', and a 'jongseong' which are regarded as random variables. From the cumulative freaquency of a Korean syllable all possible joint probabilities and conditional probabilities are computed for the three ramdom variables. From the joint probabilities and the conditional probabilities all possible joint entropies and conditional entropies are computed for the three random varibles. Also all possible average mutual informations are calculated for the three random variables. Average mutual informatin between two random variables hss its biggest value between choseong and jungseong. Average mutual information between a random variable and other two random variables has its biggest value between jungseong and choseong-jongseong.