Researchers from the European Central Bank, European Stability Mechanism, and Universität Bonn propose a new forecasting method called parametric tilting that helps economists incorporate new ...

Large families of bivariate probability models based on Panjer-type relations are proposed. These relations are generated by differential equations of probability generating functions (p.g.fs), ...

Different measures of goodness-of-fit provide information to describe how well models fit the data. However, it’s important to note that these measures have shown modest growth in comparison to the ...