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1 – 5 of 5James Mitchell, Aubrey Poon and Gian Luigi Mazzi
This chapter uses an application to explore the utility of Bayesian quantile regression (BQR) methods in producing density nowcasts. Our quantile regression modeling strategy is…
Abstract
This chapter uses an application to explore the utility of Bayesian quantile regression (BQR) methods in producing density nowcasts. Our quantile regression modeling strategy is designed to reflect important nowcasting features, namely the use of mixed-frequency data, the ragged-edge, and large numbers of indicators (big data). An unrestricted mixed data sampling strategy within a BQR is used to accommodate a large mixed-frequency data set when nowcasting; the authors consider various shrinkage priors to avoid parameter proliferation. In an application to euro area GDP growth, using over 100 mixed-frequency indicators, the authors find that the quantile regression approach produces accurate density nowcasts including over recessionary periods when global-local shrinkage priors are used.
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Daniel William Mackenzie Wright and Santa Zascerinska
Is humanity heading to immortal living? If so, what areas of society are playing an active role in achieving this? In order to understand this, the study explores the relationship…
Abstract
Purpose
Is humanity heading to immortal living? If so, what areas of society are playing an active role in achieving this? In order to understand this, the study explores the relationship between immortality and the wellness and medical tourism industry to seek potential relationships between them and ultimately, asks difficult questions about the growth of these tourism sectors and the potential need for greater regulation of them.
Design/methodology/approach
Taking a pragmatic philosophical approach and through the examination of refined information from secondary sources and published material and reports, the study presents original theoretical knowledge and a model exploring tourism and human immortality.
Findings
This paper argues that continued growth in the wellness and medical markets today could lead to a world where transhumanists and cyborgs are present in our world, even taking over from Homo sapiens. The study presents a model highlighting the potential role of wellness and medical tourism markets, illustrating the potential for future consumer services that could further fuel the search for immortality. Thus, how such markets and consumer desires are (in)directly supporting humanities desire for (non-human) immortal existence.
Originality/value
Today, individuals are driven by wellness practices and medical and cosmetic desires and are willing to travel the globe in search of companies who are either capable of carrying out the desired procedures or seeking prices more affordable to them. This research offers novel insights into these complex relationships and maps the affiliation between wellness and medical practices and the concept of immortality.