CEIS-Tor Vergata is pleased to inform you that, on Tuesday September 16th, 2014 Francesca Dominici and Andrey L. Vasnev will present: at 11.00am, FRANCESCA DOMINICI (Harvard School of Public Health) “The Public Health Impact of Air Pollution and Climate Change” Over the next century, climate change is expected to lead to an increase in the intensity and frequency of extreme weather events such as heat waves. Climate change is also expected to impact air pollution, such as ozone and particulate matter. The public health impact of climate change is poorly understood, in part because of numerous factors exhibiting a wide range of uncertainty that underlies estimates of future health risk. To mitigate the public health consequences of climate change we need a comprehensive understanding of how changes in all of the environmental exposures will affect vulnerability in a changing climate. at 12.15am, ANDREY L. VASNEV (University of Sydney) “The Forecast Combination Puzzle: A Simple Theoretical Explanation” This papers offers a theoretical explanation for the stylized fact that forecast combinations with estimated optimal weights often perform poorly in applications. The properties of the forecast combination are typically derived under the assumption that the weights are fixed, while in practice they need to be estimated. If the fact that the weights are random rather than fixed is taken into account during the optimality derivation, then the forecast combination will be biased (even when the original forecasts are unbiased) and its variance is larger than in the fixed-weights case. In particular, there is no guarantee that the ‘optimal’ forecast combination will be better than the equal-weights case or even improve on the original forecasts. We provide the underlying theory, some special cases and an application in the context of model selection. The Seminar will be held at the Faculty of Economics, University of Rome "Tor Vergata", B-building, 1° floor, room B Please, go to www.ceistorvergata.it for the complete list of seminars and events at CEIS. How to reach us: http://web.uniroma2.it/mobilita/index.html http://www.economia.uniroma2.it/area.asp?a=867 Barbara Piazzi __________ Informazioni da ESET NOD32 Antivirus, versione del database delle firme digitali 10384 (20140908) __________ Il messaggio è stato controllato da ESET NOD32 Antivirus. www.nod32.it |
Archivio con motore MhonArc 2.6.16.