I’ve been keeping track of AI since the early 1970s when I read a book, “The Sciences of the Artificial” by Herbert A. Simon, ...

Sampling experiments indicate that the Durbin-Watson performs poorly in models with more than one lag of the dependent variable, a situation commonly considered in the literature. The experiments also ...

This paper proposes a simple modification of a conventional method of moments estimator for a discrete response model, replacing response probabilities that require numerical integration with ...

Discover what black box models are, their applications in finance and investing, and examples of how they drive decision-making without revealing internal processes.