• Title/Summary/Keyword: Linear hypothesis

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On the Cointegrating Relationship between Stock Prices and Earnings

  • Nam, Doo-Woo
    • Korean Business Review
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    • v.20 no.2
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    • pp.1-13
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    • 2007
  • The purpose of this study is to investigate a simple present value model Involving earnings (i.e., the earnings discount model) that presumes a relationship between stock prices and earnings. The model suggests a simple linear equilibrium relationship between stock prices and earnings. The tests for cointegration render strong support for the cointegration hypothesis between stock prices (Pt) and earnings (Xt) even at the one-percent significance level. The tests are based on residuals from a cointegrating regression of Pt on Pt+l + Xt. This suggests that there is a stable long-nu equilibrium relationship between stock prices and earnings. The results of the tests lead to the acceptance of the present value model of stock prices involving earnings.

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Ductility Capacity of Slender-Wind R/C Walls (긴 세장한 R/C 벽체의 연성능력)

  • 홍성걸
    • Proceedings of the Earthquake Engineering Society of Korea Conference
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    • 2000.04a
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    • pp.202-212
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    • 2000
  • This study investigates the ductility capacity of slender-wide reinforced concrete walls under predominant flexural moment loading. The experimental work for this study aims to provide design guidelines for bar detailing in critical regions under compressive stress in particular in case of slender-wide RC walls. According to the experimental observation the Bernoulli hypothesis of linear strain distribution is no longer valid and the ultimate compressive strain of concrete is significantly reduced, It is postulated that the nonlinear strain distribution causes the concentrated compressive stressed region and hence the premature crushing failure at the toe of walls. The reduced ultimate strain and nonlinear strain distribution need transverse reinforcement for confinement and more realistic models for the strength and displacement estimation of slender-wide RC wall.

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Comparison of Structural Change Tests in Linear Regression Models

  • Kim, Jae-Hee
    • The Korean Journal of Applied Statistics
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    • v.24 no.6
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    • pp.1197-1211
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    • 2011
  • The actual power performance of historical structural change tests are compared under various alternatives. The tests of interest are F, CUSUM, MOSUM, Moving Estimates and empirical distribution function tests with both recursive and ordinary least-squares residuals. Our comparison of the structural tests involves limiting distributions under the hypothesis, the ability to detect the alternative hypotheses under one or double structural change, and smooth change in parameters. Even though no version is uniformly superior to the other, the knowledge about the properties of those tests and connections between these tests can be used in practical structural change tests and in further research on other change tests.

Numerical Study on the Wind Flow Over Hilly Terrain (언덕지형을 지나는 유동의 수치해석적 연구)

  • 김현구;이정묵;경남호
    • Journal of Korean Society for Atmospheric Environment
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    • v.13 no.1
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    • pp.65-77
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    • 1997
  • A theoretical and numerical investigation on the boundary-layer flow over a two- or three-dimensional hill is presented. The numerical model is based on the finite volume method with boundary-fitted coordinates. The k-$\varepsilon$ turbulence model with modified wall function and the low-Reynolds-number model are employed. The hypothesis of Reynolds number independency for the atmospheric boundary-layer flow over aerodynamically rough terrain is confirmed by the numerical simulation. Comparisons of the mean velocity profiles and surface pressure distributions between the numerical predictions and the wind-tunnel experiments on the flow over a hill show good agreement. The linear theory provides generally good prediction of speed-up characteristics for the gentle-sloped hills. The flow separation occurs in the hill slope of 0.5 and the measured reattachment points are compared with the numerical prediction. It is found that the k- $\varepsilon$ turbulence model is reasonably accurate in predicting the attached flow, while the low- Reynolds-number model is more suitable to simulate the separated flows.ows.

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The Limit Distribution of an Invariant Test Statistic for Multivariate Normality

  • Kim Namhyun
    • Communications for Statistical Applications and Methods
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    • v.12 no.1
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    • pp.71-86
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    • 2005
  • Testing for normality has always been an important part of statistical methodology. In this paper a test statistic for multivariate normality is proposed. The underlying idea is to investigate all the possible linear combinations that reduce to the standard normal distribution under the null hypothesis and compare the order statistics of them with the theoretical normal quantiles. The suggested statistic is invariant with respect to nonsingular matrix multiplication and vector addition. We show that the limit distribution of an approximation to the suggested statistic is representable as the supremum over an index set of the integral of a suitable Gaussian process.

Analysis of free vibration of beam on elastic soil using differential transform method

  • Catal, Seval
    • Structural Engineering and Mechanics
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    • v.24 no.1
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    • pp.51-62
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    • 2006
  • Differential transform method (DTM) for free vibration analysis of both ends simply supported beam resting on elastic foundation is suggested. The fourth order partial differential equation for free vibration of the beam resting on elastic foundation subjected to bending moment, shear and axial compressive load is obtained by using Winkler hypothesis and small displacement theory. It is assumed that the material is linear-elastic, and that axial load and modulus of subgrade reaction to be constant. In the analysis, shear and axial load effects are considered. The frequency factors of the beam are calculated by using DTM due to the values of relative stiffness; the results are presented in graphs and tables.

Are dental radiographs dangerous? (치과방사선영상 검사는 위험한 술식인가?)

  • Lee, Byung-Do
    • The Journal of the Korean dental association
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    • v.54 no.2
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    • pp.155-162
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    • 2016
  • Radiographs can help in the diagnosis and treatment planning, but the exposure to ionizing radiation may elevate the risk of developing cancer in a person's lifetime. The objective of this review is to briefly summarize 1) radiation risk, especially cancer risks associated with diagnostic imaging, 2) linear, non-threshold (LNT) hypothesis, 3) the risks of radiation exposure to a fetus, and 4) the campaign of Image Gently. The individual risk of radiation-related cancer from any single medical imaging procedure is extremely small and it is not likely to be cancer risk at doses lower than 100 mGy, but patients may be harmed by avoiding diagnostic imaging due to fear of radiation hazard. Dentists need to understand the radiation doses delivered by various radiographic techniques and the acceptable exposure thresholds to effectively advise the patient and to reduce the unnecessary radiation

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Effects Of Atmospheric Pressure And Wind Stress On Daily Mean Sea Level In The Bay Of Biscay. Analysis Of Continental Shelf Waves

  • Lie, Heung-Jae
    • 한국해양학회지
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    • v.14 no.2
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    • pp.45-53
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    • 1979
  • The barometric factor is estimated at five stations in the Bay of Biscay from the linear regression between daily mean sea level and atmospheric pressure. The results show that the adjusted sea level change is important in amplitude in spite of the barometric response of the sea level to the atmospheric pressure. The cross-correlations between adjusted sea levels and the two components of wind stress suggest that the adjusted sea level is highly related to the longshore wind stress. The observed phase and the time lag between adjusted sea levels at adjacent stations aree consistent with the hypothesis of the northward travelling continental shelf waves.

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Robust design scheme of VS-MRC to time-varying plant

  • Tanaka, Kanya;Shibata, Satoru;Shimizu, Akira;Sakamoto, Masaru;Uchikado, Shigeru
    • 제어로봇시스템학회:학술대회논문집
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    • 1995.10a
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    • pp.56-59
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    • 1995
  • In this paper, we propose a new rubust design scheme of a variable structure type model reference control (VS-MRC) which can be applied to linear time-varing plants. Our idea is started from the hypothesis that the plant consists of two parts, i.e., one has time-invariant parameters and the other has time-varying parameters. We consider the former the nominal part of the plant and the latter a kind of disturbance to the nominal one. In this design scheme, the ordinary VS-MRC is adopted to the nominal part and the signum function is introduced to eliminate the influence of the disturbance.

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Growth Rate and Colony Morphology of Progenies of Zoospores and Oospores of Phytophthora cactorum causing Phytophthora rots in Apple Trees (과수목(果樹木)의 역병(疫病)을 유발하는 Phytophthora cactorum의 유주자(遊走子)와 난포자(卵胞子)의 균사생장과 균총의 형태)

  • Shim, Jae-Ouk;Lee, Min-Woong
    • The Korean Journal of Mycology
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    • v.22 no.4
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    • pp.281-285
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    • 1994
  • Zoospore progenies of Phytophthora cactorum were relatively uniform and similar to their respective parent in the rate of linear extension, whereas oospore progenies were greatly various. Also, the character of colony pattern was quantitatively various in oospore progenies but not zoospore progenies. Therefore, these results suggested that multiple genes were involved in determining growth rate and colony morphology of P. cactorum, and support the hypothesis that species of Phytophthora are diploid during the vegetative phase.

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