such assumptions. This evolution im-plies that in a concrete application we have to choose between different versions of the actuarial risk model. This choice should be performed in a reasonable and objective way taking into account our empirical knowl-edge of the risk process. This leads us naturally to develop

The experimental evidence accumulated over the past 20 years indicates that text indexing systems based on the assignment of appropriately weighted single terms produce retrieval results that are superior to those obtainable with other more elaborate text representations. These results depend

A practical step-by-step guide to wavelet analysis is given, with examples taken from time series of the El Nio-- Southern Oscillation (ENSO). The guide includes a comparison to the windowed Fourier transform, the choice of an appropriate wavelet basis function, edge effects due to finite

consumers are inundated with choices. Electronic retailers and content providers offer a huge selection of products, with unprecedented opportunities to meet a variety of special needs and tastes. Matching consumers with the most appropriate products is key to enhancing user satisfaction and loyalty

This paper considers mixed, or random coefficients, multinomial logit (MMNL) models for discrete response, and establishes the following results. Under mild regularity conditions, any discrete choice model derived from random utility maximization has choice probabilities that can be approximated

of twelve feature selection methods (e.g. Information Gain) evaluated on a benchmark of 229 text classification problem instances that were gathered from Reuters, TREC, OHSUMED, etc. The results are analyzed from multiple goal perspectives—accuracy, F-measure, precision, and recall—since each is appropriate

Fuzzy logic provides a mathematical formalism for a unified treatment of vagueness and imprecision that are ever present in decision support and expert systems in many areas. The choice of aggregation operators is crucial to the behavior of the system that is intended to mimic human decision making

bringing about a dramatic increase in bandwidth efficiency. Since the choice of which modulation scheme to use depends on the current state of the transmission channel, newer wireless devices often support multiple modulation schemes, and hence multiple data rates, with mechanisms to switch between them

delega-tion. It is shown that an increase in uncertainty has an ambiguous effect on the appropriate degree of conservatism of an optimally chosen central banker, but produces an unambiguous fall in welfare. 1.

and levels of automation that provides a framework and an objective basis for making such choices. Appropriate selection is important because automation does not merely supplant but changes human activity and can impose new coordination demands on the human operator. We propose that automation can be applied