While state-of-the-art models of the Earth’s climate system have improved tremendously over the last twenty years, nontrivial structural flaws still hinder their ability to forecast the decadal ...

Common ordinal models, including the ordered logit model and the continuation ratio model, are formulated by a common score (ie, a linear combination of given explanatory variables) plus rank-specific ...

This paper addresses the building of obligor-level hazard rate corporate probability of default models for stress testing, departing from the predominant practice in wholesale credit modeling of ...

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