86,786 research outputs found

    We are family. Same-Sex Families in the Italian Context

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    Our national institute of statistics, Istat, thanks by the last census in 2011, has calculated 7.531 same-sex couples of which 529 with children. This value corresponds to a 0,09% of the total of newborns of that year. Much ado about nothing

    Forecasting and trading on the VIX futures market: A neural network approach based on open to close returns and coincident indicators

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    Previous work has highlighted the difficulty of obtaining accurate and economically significant predictions of VIX futures prices. We show that both low prediction errors and a significant amount of profitability can be obtained by using a neural network model to predict VIX futures returns. In particular, we focus on open-to-close returns (OTCRs) and consider intraday trading strategies, taking into account non-lagged exogenous variables that closely reflect the information possessed by traders at the time when they decide to invest. The neural network model with only the most recent exogenous variables (namely, the return on the Indian BSESN index) is superior to an unconstrained specification with ten lagged and coincident regressors, which is actually a form of weak efficiency involving markets of different countries. Moreover, the neural network turns out to be more profitable than either a logistic specification or heterogeneous autoregressive models
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