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The purpose of this study is to compare the predictive performance of the hedonic multivariate regression model with the probabilistic neural network (PNN)-based general regression neural network (GRNN) model of housing prices in “Pune-India.”

Data on 211 properties across “Pune city-India” is collected. The price per square feet is considered as a dependent variable whereas distances from important landmarks such as railway station, fort, university, airport, hospital, temple, parks, solid waste site and stadium are considered as independent variables along with a dummy for amenities. The data is analyzed using a hedonic type multivariate regression model and GRNN. The GRNN divides the entire data set into two sets, namely, training set and testing set and establishes a functional relationship between the dependent and target variables based on the probability density function of the training data (Alomair and Garrouch, 2016).

While comparing the performance of the hedonic multivariate regression model and PNN-based GRNN, the study finds that the output variable (i.e. price) has been accurately predicted by the GRNN model. All the 42 observations of the testing set are correctly classified giving an accuracy rate of 100%. According to Cortez (2015), a value close to 100% indicates that the model can correctly classify the test data set. Further, the root mean square error (RMSE) value for the final testing for the GRNN model is 0.089 compared to 0.146 for the hedonic multivariate regression model. A lesser value of RMSE indicates that the model contains smaller errors and is a better fit. Therefore, it is concluded that GRNN is a better model to predict the housing price functions. The distance from the solid waste site has the highest degree of variable senstivity impact on the housing prices (22.59%) followed by distance from university (17.78%) and fort (17.73%).

The study being a “case” is restricted to a particular geographic location hence, the findings of the study cannot be generalized. Further, as the objective of the study is restricted to just to compare the predictive performance of two models, it is felt appropriate to restrict the scope of work by focusing only on “location specific hedonic factors,” as determinants of housing prices.

The study opens up a new dimension for scholars working in the field of housing prices/valuation. Authors do not rule out the use of traditional statistical techniques such as ordinary least square regression but strongly recommend that it is high time scholars use advanced statistical methods to develop the domain. The application of GRNN, artificial intelligence or other techniques such as auto regressive integrated moving average and vector auto regression modeling helps analyze the data in a much more sophisticated manner and help come up with more robust and conclusive evidence.

To the best of the author’s knowledge, it is the first case study that compares the predictive performance of the hedonic multivariate regression model with the PNN-based GRNN model for housing prices in India.

This paper aims to employ a multivariate nonlinear regression analysis to establish a predictive model for the final fracture area, while accounting for the impact of individual parameters.

This analysis is based on the numerical simulation data obtained, using the hybrid finite element–discrete element (FE–DE) method. The forecasting model was compared with the numerical results and the accuracy of the model was evaluated by the root mean square (RMS) and the RMS error, the mean absolute error and the mean absolute percentage error.

The multivariate nonlinear regression model can accurately predict the nonlinear relationships between injection rate, leakoff coefficient, elastic modulus, permeability, Poisson’s ratio, pore pressure and final fracture area. The regression equations obtained from the Newton iteration of the least squares method are strong in terms of the fit to the six sensitive parameters, and the model follow essentially the same trend with the numerical simulation data, with no systematic divergence detected. Least absolutely deviation has a significantly weaker performance than the least squares method. The percentage contribution of sensitive parameters to the final fracture area is available from the simulation results and forecast model. Injection rate, leakoff coefficient, permeability, elastic modulus, pore pressure and Poisson’s ratio contribute 43.4%, −19.4%, 24.8%, −19.2%, −21.3% and 10.1% to the final fracture area, respectively, as they increased gradually. In summary, (1) the fluid injection rate has the greatest influence on the final fracture area. (2)The multivariate nonlinear regression equation was optimally obtained after 59 iterations of the least squares-based Newton method and 27 derivative evaluations, with a decidability coefficient R2 = 0.711 representing the model reliability and the regression equations fit the four parameters of leakoff coefficient, permeability, elastic modulus and pore pressure very satisfactorily. The models follow essentially the identical trend with the numerical simulation data and there is no systematic divergence. The least absolute deviation has a significantly weaker fit than the least squares method. (3)The nonlinear forecasting model of physical parameters of hydraulic fracturing established in this paper can be applied as a standard for optimizing the fracturing strategy and predicting the fracturing efficiency in situ field and numerical simulation. Its effectiveness can be trained and optimized by experimental and simulation data, and taking into account more basic data and establishing regression equations, containing more fracturing parameters will be the further research interests.

The nonlinear forecasting model of physical parameters of hydraulic fracturing established in this paper can be applied as a standard for optimizing the fracturing strategy and predicting the fracturing efficiency in situ field and numerical simulation. Its effectiveness can be trained and optimized by experimental and simulation data, and taking into account more basic data and establishing regression equations, containing more fracturing parameters will be the further research interests.

The purpose of this paper is to show that multivariate t-distribution assumption provides a better description of stock return data than multivariate normality assumption.

The EM algorithm is applied to solve the statistical estimation problem almost analytically, and the asymptotic theory is provided for inference.

The authors find that the multivariate normality assumption is almost always rejected by real stock return data, while the multivariate t-distribution assumption can often be adequate. Conclusions under normality vs under t can be drastically different for estimating expected returns and Jensen’s αs, and for testing asset pricing models.

The results provide improved estimates of cost of capital and asset moment parameters that are useful for corporate project evaluation and portfolio management.

The authors proposed new procedures that makes it easy to use a multivariate t-distribution, which models well the data, as a simple and viable alternative in practice to examine the robustness of many existing results.

The purpose of this paper is to provide a new approach for detecting the small sustained process shifts in multistage systems with correlated multiple quality characteristics.

The authors propose a new multivariate linear regression model for a multistage manufacturing system with multivariate quality characteristics in which both the auto-correlated process outputs and the correlations occurring between neighboring stages are considered. Then, the multistage multivariate residual control charts are constructed to monitor the overall process quality of multistage systems with multiple quality characteristics. Moreover, an overall run length concept is adopted to evaluate the performances of the authors’ proposed control charts.

In the numerical example with cascade data, the authors show that the detecting abilities of the proposed multistage residual MEWMA and MCUSUM control charts outperform those of Phase II MEWMA and MCUSUM control charts. It further demonstrates the usefulness of the authors’ proposed control charts in the Phase II monitoring.

The research results of this paper can be applied to any multistage manufacturing or service system with multivariate quality characteristics. This new approach provides quality practitioners a better decision making tool for detecting the small sustained process shifts in multistage systems.

Once the multistage multivariate residual control charts are constructed, one can employ them in monitoring and controlling the process quality of multistage systems with multiple characteristics. This approach can lead to the direction of continuous improvement for any product or service within a company.

Uses data on 1,550 nonlethal assaults recorded by Baltimore County Police Department. Examines factors that are associated with the likelihood of officer injury after an assault. Notes that factors affecting the probability of assault do not necessarily correspond with the factors that affect the likelihood of injury. Analyzes a broader spectrum of contributory factors than those addressed by other research. Finds inter alia that greater officer proficiency in unarmed defensive tactics may reduce their assault‐related injuries, since most incidents do not involve arms; that in‐service training should be biased toward less experienced officers who are at greater risk; that officer height is a significant variable; that many officers suffer multiple attacks; that domestic disturbances do not rank higher than other dangers, but that this may reflect the possibility that officers anticipate potential violence and take better precautions before attending the scene.

Building information modeling (BIM) is a process of creating an intelligent virtual model integrating project data from design to construction and operation. BIM models enhance the process of communicating the progress of construction to stakeholders and facilitate integrated project delivery, coordination and clash detection. However, barriers within the construction industry in Ethiopia has led to slow BIM adoption in the country. The aim of this paper is to identify perceived BIM barriers, provide a platform to quantify their importance and develop a regression model to link individual's personal/professional attributes to their perception of BIM barrier.

To address the objectives of this research, an online survey was developed to collect feedback from construction professionals in Ethiopia on 20 major adoption barriers extracted from a thorough review of literature. Relative importance index and strength of consensus metric were employed to identify the significance of barriers. This was then succeeded by performing exploratory factor analysis to determine the major constructs of BIM barriers which was then used to develop a multivariate regression model linking respondents' personal attributes to their perception of BIM barrier.

Results revealed the importance of project complexity and BIM maturity level in prioritizing barriers that are more relevant under various contexts. More specifically, results indicated the following study highlights: Project complexity led to higher perceived weights for lack of appropriate physical/cloud infrastructures, and a BIM standard. Higher levels of BIM maturity signified the importance of BIM internal issues such as liability, licensing and maintenance issues among other adoption barriers. Female participants tended not to consider intangibility of BIM benefits as a major barrier towards BIM adoption compared to male participants. Age of the participants turned out to be the least important factor in their prioritization of BIM perceived adoption barriers.

While many research studies have explored BIM adoption barriers in various countries around the world, none to the best of the authors' knowledge have attempted to develop a model to highlight the impact of individuals' personal/professional attributes on their perception of adoption barriers within their community which can help with prioritizing the barriers that are deemed to be more important given the characteristics of the community under study. Our result indicated the importance of BIM maturity level and project complexity in prioritizing barriers associated with BIM adoption within Ethiopia's construction industry.

Quality management constructs related to management leadership and workforce involvement have consistently shown strong correlation with firm success for years. However, there is an increasing body of research based on complexity theory (CT) suggesting that constructs such as these should be viewed as variables in a complex system with inter-dependencies, interactions, and potentially nonlinear relationships. Despite the significant body of conceptual research related to CT, there is a lack of methodological research into these potentially nonlinear effects. The purpose of this paper is to demonstrate the theoretical and practical importance of non-linear terms in a multivariate polynomial model as they become more significant predictors of firm success in collaborative environments and less significant in more rigidly controlled work environments.

Multivariate polynomial regression methods are used to examine the significance and effect sizes of interaction and quadratic terms in operations scenarios expected to have varying degrees of complex and complex adaptive behaviors.

The results find that in highly collaborative work environments, non-linear and interaction effects become more significant predictors of success than the linear terms in the model. In more rigid, less collaborative work environments, these effects are not present or significantly reduced in effect size.

This study shows that analytical methods sensitive to detecting and measuring nonlinearities in relationships such as multivariate polynomial regression models enhance our theoretical understanding of the relationships between constructs when the theory predicts that complex and complex adaptive behaviors are present and important.

This study demonstrates that complex adaptive behaviors between management and the workforce exist in certain environments and provide greater understanding of factor relationships relating to firm success than more traditional linear analytical methods.

Value‐at‐Risk (VaR) has become a mainstream risk management technique employed by a large proportion of financial institutions. There exists a substantial amount of research dealing with this task, most commonly referred to as VaR backtesting. A new generation of “self‐learning” VaR models (Conditional Autoregressive Value‐at‐Risk or CAViaR) combine backtesting results with ex ante VaR estimates in an ARIMA framework in order to forecast P/L distributions more accurately. In this commentary, the authors present a systematic overview of several classes of applied statistical techniques that can make VaR backtesting more comprehensive and provide valuable insights into the analytical properties of VaR models in various market environments. In addition, they discuss the challenges associated with extending traditional backtesting approaches for VaR horizons longer than one day and propose solutions to this important problem.

Multiple regression models can be used to rank physics journals in approximately the same order as the journals are perceived useful by actual users. Four such regression models are reported here, each having a multiple R value of ·74 or greater. Perceived usefulness, the dependent variable used in constructing the models, was obtained from a survey of 167 physicists in the US and Canada. The independent, or predictor variables include easily obtainable bibliometric statistics such as number of source items published, immediacy index, ratio of citations received to citations made, total citations received, impact factor and others. Regression models that combine certain of these statistics can predict user valuation of the journals better than any single bibliometric predictor alone can do. Their advantage for serials management is in ease of estimating usefulness as judged by users, a much more difficult statistic to obtain. Where these models may not apply, it is relatively simple to construct similar models based upon surveys of other user groups. It appears likely that good models of this type can also be developed for many other disciplines.

An accurate prediction of the deformation of retaining structures is critical for ensuring the stability and safety of braced deep excavations, while the high nonlinear and complex nature of the deformation makes the prediction challenging. This paper proposes an explainable boosted combining global and local feature multivariate regression (EB-GLFMR) model with high accuracy, robustness and interpretability to predict the deformation of retaining structures during braced deep excavations.

During the model development, the time series of deformation data is decomposed using a locally weighted scatterplot smoothing technique into trend and residual terms. The trend terms are analyzed through multiple adaptive spline regressions. The residual terms are reconstructed in phase space to extract both global and local features, which are then fed into a gradient-boosting model for prediction.

The proposed model outperforms other established approaches in terms of accuracy and robustness, as demonstrated through analyzing two cases of braced deep excavations.

The model is designed for the prediction of the deformation of deep excavations with stepped, chaotic and fluctuating features. Further research needs to be conducted to expand the model applicability to other time series deformation data.

The model provides an efficient, robust and transparent approach to predict deformation during braced deep excavations. It serves as an effective decision support tool for engineers to ensure the stability and safety of deep excavations.

The model captures the global and local features of time series deformation of retaining structures and provides explicit expressions and feature importance for deformation trends and residuals, making it an efficient and transparent approach for deformation prediction.