External data plays an integral role in building accurate predictive forecasting models, especially as businesses navigate the volatile pandemic-impacted economy.

Hedonic pricing identifies price factors according to the premise that price is determined by internal characteristics of the good being sold and by external factors affecting it. The model is ...

SEVERITY MODELLING Models of operational risk, based only on internal loss data, can exhibit wide confidence intervals for capital at 99.9 percentile of the aggregate loss distribution. Consequently, ...

Example 19.3: Second-Order Confirmatory Factor Analysis. A second-order confirmatory factor analysis model is applied to a correlation matrix of Thurstone reported by McDonald (1985). Using the LINEQS ...

The metrics computed from data are themselves random variables, meaning that they change from sample to sample. When we fit a model to data, to maximize some function (for example, R 2) or ...