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Article
Publication date: 19 July 2024

Lixin Cai and Kostas Mavromaras

The study investigates persistence of individuals' labour market activity with a focus on examining whether and to what extent there is genuine state dependence in six labour…

Abstract

Purpose

The study investigates persistence of individuals' labour market activity with a focus on examining whether and to what extent there is genuine state dependence in six labour market states: not-in-labour-force, unemployment, self-employment, casual employment, fixed term contracts, and ongoing employment, and how the persistence and genuine state dependence of the labour market states change with education levels.

Design/methodology/approach

A dynamic multinomial logit model that accounts for observed and unobserved individual heterogeneity is estimated, using the first 19 waves of the Household, Income, and Labour Dynamics in Australia Survey.

Findings

While observed and unobserved individual heterogeneity plays an important role in the persistence of each of the labour market states examined, genuine state dependence is found to be present for all the states. It is also found that the persistence and genuine state dependence of unemployment is larger among those with a low education attainment than among those with higher education.

Practical implications

The existence of genuine state dependence of labour market states calls for early interventions to prevent people from losing jobs.

Originality/value

Earlier studies often focus on persistence of a particular labour market state such as unemployment, while this study examines the persistence simultaneously of six labour market states.

Details

International Journal of Manpower, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0143-7720

Keywords

Article
Publication date: 5 July 2024

Aditya Thangjam, Sanjita Jaipuria and Pradeep Kumar Dadabada

The purpose of this study is to propose a systematic model selection procedure for long-term load forecasting (LTLF) for ex-ante and ex-post cases considering uncertainty in…

Abstract

Purpose

The purpose of this study is to propose a systematic model selection procedure for long-term load forecasting (LTLF) for ex-ante and ex-post cases considering uncertainty in exogenous predictors.

Design/methodology/approach

The different variants of regression models, namely, Polynomial Regression (PR), Generalised Additive Model (GAM), Quantile Polynomial Regression (QPR) and Quantile Spline Regression (QSR), incorporating uncertainty in exogenous predictors like population, Real Gross State Product (RGSP) and Real Per Capita Income (RPCI), temperature and indicators of breakpoints and calendar effects, are considered for LTLF. Initially, the Backward Feature Elimination procedure is used to identify the optimal set of predictors for LTLF. Then, the consistency in model accuracies is evaluated using point and probabilistic forecast error metrics for ex-ante and ex-post cases.

Findings

From this study, it is found PR model outperformed in ex-ante condition, while QPR model outperformed in ex-post condition. Further, QPR model performed consistently across validation and testing periods. Overall, QPR model excelled in capturing uncertainty in exogenous predictors, thereby reducing over-forecast error and risk of overinvestment.

Research limitations/implications

These findings can help utilities to align model selection strategies with their risk tolerance.

Originality/value

To propose the systematic model selection procedure in this study, the consistent performance of PR, GAM, QPR and QSR models are evaluated using point forecast accuracy metrics Mean Absolute Percentage Error, Root Mean Squared Error and probabilistic forecast accuracy metric Pinball Score for ex-ante and ex-post cases considering uncertainty in the considered exogenous predictors such as RGSP, RPCI, population and temperature.

Details

Journal of Modelling in Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-5664

Keywords

Article
Publication date: 16 July 2024

Leiqing Xu and Zhubai Zhang

Home is a place/system/product that becomes increasingly occupied with various tasks used to be performed in workplaces. However, the knowledge of the relationship between…

Abstract

Purpose

Home is a place/system/product that becomes increasingly occupied with various tasks used to be performed in workplaces. However, the knowledge of the relationship between residential physical environments and occupant experience is limited, especially when considering the effect of indoor plants (IPs) and climate zones. To address the gap, this study conducted a questionnaire survey in three cities across different regions in China.

Design/methodology/approach

Based on User Experience and Customer Satisfaction Index theory, following the research paradigm, a total of 627 valid samples were collected and analyzed in a stepwise statistical analysis, including descriptive statistics, reliability and validity test, correlation test and region comparison, then the model of PROCESS was adopted to examine the hypotheses that are given based on the former studies.

Findings

The results showed that residential physical environments have a significant effect on occupant satisfaction (OS) in all regions, as well as OS on occupant performance. However, regional differences were found that OS is a complete mediator in the Middle region, while a partial mediator in the North and South. A slight moderating effect of IPs was also found in the region of South. Nevertheless, both the number of plants and plant types have a significant moderating effect on the mechanism.

Originality/value

Besides combining two theories and confirming the mechanism in the residential physical environment, it is also the first study to consider the moderating effects of IPs and climate zones, providing potential empirical support for not only design and management stages but also facing global challenges of working at home and climate changes.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 21 November 2023

Armin Mahmoodi, Leila Hashemi and Milad Jasemi

In this study, the central objective is to foresee stock market signals with the use of a proper structure to achieve the highest accuracy possible. For this purpose, three hybrid…

Abstract

Purpose

In this study, the central objective is to foresee stock market signals with the use of a proper structure to achieve the highest accuracy possible. For this purpose, three hybrid models have been developed for the stock markets which are a combination of support vector machine (SVM) with meta-heuristic algorithms of particle swarm optimization (PSO), imperialist competition algorithm (ICA) and genetic algorithm (GA).All the analyses are technical and are based on the Japanese candlestick model.

Design/methodology/approach

Further as per the results achieved, the most suitable algorithm is chosen to anticipate sell and buy signals. Moreover, the authors have compared the results of the designed model validations in this study with basic models in three articles conducted in the past years. Therefore, SVM is examined by PSO. It is used as a classification agent to search the problem-solving space precisely and at a faster pace. With regards to the second model, SVM and ICA are tested to stock market timing, in a way that ICA is used as an optimization agent for the SVM parameters. At last, in the third model, SVM and GA are studied, where GA acts as an optimizer and feature selection agent.

Findings

As per the results, it is observed that all new models can predict accurately for only 6 days; however, in comparison with the confusion matrix results, it is observed that the SVM-GA and SVM-ICA models have correctly predicted more sell signals, and the SCM-PSO model has correctly predicted more buy signals. However, SVM-ICA has shown better performance than other models considering executing the implemented models.

Research limitations/implications

In this study, the data for stock market of the years 2013–2021 were analyzed; the long length of timeframe makes the input data analysis challenging as they must be moderated with respect to the conditions where they have been changed.

Originality/value

In this study, two methods have been developed in a candlestick model; they are raw-based and signal-based approaches in which the hit rate is determined by the percentage of correct evaluations of the stock market for a 16-day period.

Details

EuroMed Journal of Business, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1450-2194

Keywords

Article
Publication date: 1 August 2024

Shikha Pandey, Yogesh Iyer Murthy and Sumit Gandhi

This study aims to assess support vector machine (SVM) models' predictive ability to estimate half-cell potential (HCP) values from input parameters by using Bayesian…

Abstract

Purpose

This study aims to assess support vector machine (SVM) models' predictive ability to estimate half-cell potential (HCP) values from input parameters by using Bayesian optimization, grid search and random search.

Design/methodology/approach

A data set with 1,134 rows and 6 columns is used for principal component analysis (PCA) to minimize dimensionality and preserve 95% of explained variance. HCP is output from temperature, age, relative humidity, X and Y lengths. Root mean square error (RMSE), R-squared, mean squared error (MSE), mean absolute error, prediction speed and training time are used to measure model effectiveness. SHAPLEY analysis is also executed.

Findings

The study reveals variations in predictive performance across different optimization methods, with RMSE values ranging from 18.365 to 30.205 and R-squared values spanning from 0.88 to 0.96. Additionally, differences in training times, prediction speeds and model complexities are observed, highlighting the trade-offs between model accuracy and computational efficiency.

Originality/value

This study contributes to the understanding of SVM model efficacy in HCP prediction, emphasizing the importance of optimization techniques, model complexity and dimensionality reduction methods such as PCA.

Details

Anti-Corrosion Methods and Materials, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0003-5599

Keywords

Article
Publication date: 20 June 2024

Hugo Gobato Souto and Amir Moradi

This study aims to critically evaluate the competitiveness of Transformer-based models in financial forecasting, specifically in the context of stock realized volatility…

Abstract

Purpose

This study aims to critically evaluate the competitiveness of Transformer-based models in financial forecasting, specifically in the context of stock realized volatility forecasting. It seeks to challenge and extend upon the assertions of Zeng et al. (2023) regarding the purported limitations of these models in handling temporal information in financial time series.

Design/methodology/approach

Employing a robust methodological framework, the study systematically compares a range of Transformer models, including first-generation and advanced iterations like Informer, Autoformer, and PatchTST, against benchmark models (HAR, NBEATSx, NHITS, and TimesNet). The evaluation encompasses 80 different stocks, four error metrics, four statistical tests, and three robustness tests designed to reflect diverse market conditions and data availability scenarios.

Findings

The research uncovers that while first-generation Transformer models, like TFT, underperform in financial forecasting, second-generation models like Informer, Autoformer, and PatchTST demonstrate remarkable efficacy, especially in scenarios characterized by limited historical data and market volatility. The study also highlights the nuanced performance of these models across different forecasting horizons and error metrics, showcasing their potential as robust tools in financial forecasting, which contradicts the findings of Zeng et al. (2023)

Originality/value

This paper contributes to the financial forecasting literature by providing a comprehensive analysis of the applicability of Transformer-based models in this domain. It offers new insights into the capabilities of these models, especially their adaptability to different market conditions and forecasting requirements, challenging the existing skepticism created by Zeng et al. (2023) about their utility in financial forecasting.

Details

China Finance Review International, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2044-1398

Keywords

Open Access
Article
Publication date: 4 March 2022

Modeste Meliho, Abdellatif Khattabi, Zejli Driss and Collins Ashianga Orlando

The purpose of the paper is to predict mapping of areas vulnerable to flooding in the Ourika watershed in the High Atlas of Morocco with the aim of providing a useful tool capable…

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Abstract

Purpose

The purpose of the paper is to predict mapping of areas vulnerable to flooding in the Ourika watershed in the High Atlas of Morocco with the aim of providing a useful tool capable of helping in the mitigation and management of floods in the associated region, as well as Morocco as a whole.

Design/methodology/approach

Four machine learning (ML) algorithms including k-nearest neighbors (KNN), artificial neural network, random forest (RF) and x-gradient boost (XGB) are adopted for modeling. Additionally, 16 predictors divided into categorical and numerical variables are used as inputs for modeling.

Findings

The results showed that RF and XGB were the best performing algorithms, with AUC scores of 99.1 and 99.2%, respectively. Conversely, KNN had the lowest predictive power, scoring 94.4%. Overall, the algorithms predicted that over 60% of the watershed was in the very low flood risk class, while the high flood risk class accounted for less than 15% of the area.

Originality/value

There are limited, if not non-existent studies on modeling using AI tools including ML in the region in predictive modeling of flooding, making this study intriguing.

Details

Applied Computing and Informatics, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2634-1964

Keywords

Article
Publication date: 30 July 2024

B. R. Viswalekshmi and Deepthi Bendi

Construction waste reduction (CWR) plays a vital role in achieving sustainability in construction. A good CWR practice can result in optimizing material usage, conserving natural…

Abstract

Purpose

Construction waste reduction (CWR) plays a vital role in achieving sustainability in construction. A good CWR practice can result in optimizing material usage, conserving natural resources, limiting environmental pollution, protecting the environment and enhancing human health. In this regard, the purpose of the current study is to identify the most relevant organizational policies that aid in waste reduction and concurrently explores the congruent measures to be adopted during the construction process in the Indian high-rise building sector.

Design/methodology/approach

The research findings were obtained through a mixed- method approach. Content analysis was used to identify waste reduction measures (variables) targeting on the two domains of construction – “waste-efficient execution” and “waste – mitigating organizational policies.” Furthermore, the authors explored and documented the key measures from the identified waste reduction measures using the constraint value of the relative importance index. As the next step, the study listed the theoretical hypothesis based on expert interviews and tested the theory through confirmatory factor analysis.

Findings

The results revealed that “waste sensitive construction techniques and strategies” as the most significant category under the domain “Execution” with a path coefficient of 0.85. Concurrently, the study has also determined that “control procedures for budget, quality and resources” as the most effective organizational approach in reducing construction waste in the Indian building industry, with a path coefficient of 0.83.

Originality/value

The current research is context-sensitive to the Indian construction sector. It presents the stakeholder’s perspective on construction waste reduction and the relevant measures to be implemented to reduce construction waste in high-rise building projects in India. It can also act as a concordance for decision-makers to further focus on CWR management and aid in formulating policies suitable for the Indian context.

Details

Construction Innovation , vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1471-4175

Keywords

Article
Publication date: 13 March 2024

Christian Ehiobuche

The effect of vicarious learning during clinical or medical internships on graduates' adaptive career behaviours has attracted scant attention from healthcare researchers…

Abstract

Purpose

The effect of vicarious learning during clinical or medical internships on graduates' adaptive career behaviours has attracted scant attention from healthcare researchers, particularly, in the developing world context. Drawing upon the social cognitive career theory model of career self-management (SCCT-CSM), the current study examines how vicarious learning influences the clinical graduates' adaptive career behaviours (i.e. career exploration and decision-making) via career exploration and decision-making self-efficacy (CEDSE) and career intention.

Design/methodology/approach

Data were collected from 293 nursing graduates undertaking clinical internships in 25 hospitals across Nigeria who willingly participated in this study as they were also assured of confidentiality at two-waves. The proposed hypotheses were tested using a path analysis.

Findings

The findings showed that vicarious learning during clinical internship had a direct effect on career exploration, decision-making and career decision self-efficacy among graduate trainees. Also, the findings revealed that the effects of vicarious learning on the graduates' career exploration and career decision-making were significantly mediated by career decision self-efficacy and career intentions.

Practical implications

The findings of this study have important practical implications for higher education institutions and industries that send and receive clinical graduates for clinical internships to gain more skills. More emphasis should be on encouraging learners to learn vicariously in addition to other forms of learning experiences available during clinical internships.

Originality/value

The study explains that the graduates' higher engagement in clinical career exploration and decision-making was based on a higher level of vicarious learning during internships. The results suggest that higher education institutions and healthcare service providers can derive greater benefits from more emphasis on promoting vicarious learning during clinical internships.

Details

Higher Education, Skills and Work-Based Learning, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2042-3896

Keywords

Article
Publication date: 29 July 2024

Célia Sampaio, Maria do Céu Taveira, Joana Soares and Ana Daniela Silva

Success in the transition between the university and the labor market is an important indicator of the adaptation of newly graduates to the worker’s role in life. This study aims…

Abstract

Purpose

Success in the transition between the university and the labor market is an important indicator of the adaptation of newly graduates to the worker’s role in life. This study aims to describe the validity and reliability of the University-to-Work Success Scale based on its internal structure and relationship with measures of career success, protean career orientation and life satisfaction in newly Portuguese graduates.

Design/methodology/approach

Using an online protocol, responses were collected from 576 graduates for less than twelve months (74.1% women), aged between 20 and 64 years (M = 25.8, SD = 6.693). Instruments included a socio-demographic questionnaire and measures of transition success, career success and life satisfaction.

Findings

The internal structure of the scale was evaluated through exploratory and confirmatory factor analyses that supported a four-factor hierarchical structure with a good fit. The reliability of the factors evaluated by Cronbach’s Alpha was satisfactory. The scale consists of 29 items divided into four subscales (professional insertion and satisfaction, confidence in the future of career, income and financial independence and adaptation to work).

Practical implications

These results support the use of the scale as a valid and reliable measure to assess success in the transition between university and the labor market in newly Portuguese graduates.

Originality/value

This study is very important because this measure can serve as a basis for both preventive and corrective career interventions and policies. The preventive approach can help graduates in their transition to the labor market by promoting career resources. The corrective approach can include re-evaluating organizational integration practices after employment, with an emphasis on promoting gender equality.

Details

Journal of Applied Research in Higher Education, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2050-7003

Keywords

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