Constructing and evaluating core inflation measures from component‐level inflation data

This paper undertakes a comprehensive examination of 10 measures of core inflation and evaluates which measure produces the best forecast of headline inflation out‐of‐sample. We use the Personal Consumption Expenditure Price Index as our measure of inflation. We use two sets of components (17 and 50) of the Personal Consumption Expenditure Price Index to construct these core inflation measures and evaluate these measures at the three time horizons (6, 12 and 24 months) most relevant for monetary policy decisions. The best measure of core inflation for both sets of components and over all time horizons uses weights based on the first principal component of the disaggregated (component‐level) prices. Interestingly, the results vary by the number of components used; when more components are used the weights based on the persistence of each component is statistically equivalent to the weights generated by the first principal component. However, those forecasts using the persistence of 50 components are statistically worse than those generated using the first principal component of 17 components. The statistical superiority of the principal component method is due to the fact that it extracts (in the first principal component) the common source of variation in the component level prices that accurately describes trend inflation over the next 6–24 months.     

浙江省县市综合经济实力分析

利用浙江省2005年有关统计数据,分别采用加权平均法、主成分分析法、因子分析法和聚类分析法对浙江省58个县级市、县的综合经济实力进行了综合评价和排位.其方法科学、合理.对于帮助各地区看到自己所处的位置,明确自己的经济实力提供了一个度量准则.     

基于信噪比的投资组合策略研究

采用收益率的协方差矩阵的特征根刻划投资的风险;用主成分综合反映证券市场的信息;用主成分的信噪比反映投资组合的期望收益率与风险之间的均衡关系,并以此作为投资组合收益极大化的指标;得到了不同与H.Markowitz的投资组合模型,并给出了具体的投资组合策略-卖空与非卖空条件下的投资组合的比例,文章最后给出了一个实例.     

PXI在测控系统中的应用

随着有关PXI总线的规范和产品的推出，由于优良的性能指标和适宜的价格，使其受到各相关行业的广泛关注。对风洞测控系统的结构和系统配置作了具体的阐述，并对PXI总线在具体使用中的效果和特点作了较详细的介绍。     

泵站运行效率分析与节能措施

从泵站的电耗入手，讨论和分析了泵站机组实际运行工况与设计工况的偏离．并通过机组电耗和效率分析，提出了若干节能措施。     

如何发挥举报在反腐败中的作用

举报是宪法赋予公民的权利,举报在反腐败工作中发挥着重要作用,检察机关查办案件大量线索都来源于群众举报,但现实情况下存在着不敢实名举报等许多令人担忧的问题,造成这一现状的主要原因是害怕打击报复。针对这些问题,作者提出要给举报人以实质性的保护,采取和推广网上举报等举措,以更好地发挥举报在反腐败中的作用。     

提高风险投资过程中两级委托—代理效率的思考

本文从对风险投资者与风险投资商、风险投资商与风险企业之间的两层委托代理的简要分析入手 ,首先在诠释委托—代理效率内涵的基础上构建了分析委托—代理效率的一个理论框架 ,并应用此框架对如何提高上述两层委托—代理关系的效率问题进行了探讨     

智能控制电采暖系统的应用

对当前常用的几种采暖方式进行了分析比较,重点对节能智能控制电采暖系统的工作原理、技术特点、应用前景予以阐述.     

TPL企业强化TQM的途径研究

探讨TPL企业的服务质量特性及TQM内涵和评价指标体系，提出强化TPL企业TQM的主要途径：（1）确立科学的TPL企业质量观；（2）坚持不断地改进组织中每项工作的质量，深化注重企业质量管理的文化建设；（3）建立可精确地度量并向员工授权的有效TQM机制；（4）加大企业资源在TQM的战略性投入．     

A NEW DESCRIPA NEW DESCRIPTOR OF AMINO ACIDS BASED ON THE THREEDIMENSIONAL VECTOR OF ATOMIC INTERACTION FIELD

QUANTITATIVE STRUCTURE ACTIVITY RELATIONSHIP (QSAR) IS A VERY IMPORTANT TOPIC FOR MANY SCIENTIFIC FIELDS AND CAN BE TERMED AS QUANTITATIVE SEQUENCE ACTIVITY MODELS(QSAM)[1] WHEN REFERRED TO THE RESEARCH ON RELATION- SHIPS BETWEEN STRUCTURES AND ACTIVITIES OF BIOLOGICAL MOLECULES, SUCH AS PROTEINS, AND NUCLEIC ACIDS. HOW- EVER, IT IS VERY DIFFICULT TO ESTABLISH A QSAM MODEL,…