Offers an alternative to Markowitz’s “Portfolio Selection”. Outlines the nuts and bolts of correlation between past and future performance, or between expected and actual returns. Explains ...

The paper considers a number of problems arising from the test of serial correlation based on the d statistic proposed earlier by the authors (Durbin & Watson, 1950, 1951). Methods of computing the ...

The beta-binomial distribution is extended to allow negative correlations among binary variates within an experimental unit. Regression models are proposed for both the binary variate response rate ...