Search

This paper reviews the progress of the multiple population mortality model and the defects in parameter estimation and proposes an effective method to improve the performance of the mortality model. We set up a multiple population group, using the data of mainland China, Hong Kong (China), and Japan, to test fitting performance and forecasting performance. Using the TSWLS and TSSVD methods in a multiple population stochastic mortality model has advantages in fitting performance and robustness. In addition, the forecasting value of mortality ratio between any two populations can converge to a fixed constant in a certain time period which obeys the regular of human biological characteristics. [ABSTRACT FROM AUTHOR]

The port groups of the Guangdong-Hong Kong-Macao Greater Bay Area faces a new competitive and cooperative game structure concerning global competition, making it is necessary to build a comprehensive port coordination and development mechanism. In this study, we apply the logistics model to conduct parameter estimation and evolution trend analysis on the development of the port group and highlight that the current container throughput of the Guangdong-Hong Kong-Macao Greater Bay Area port group will reach the maximum and the new impetus is needed to push it into the next round of development and evolution. Combined with the theory of ecological population, the Lotka–Volterra model of multiple groups is introduced to study competition and cooperation game, explore their interaction, and provide quantitative support for the formation of different central port groups in the Guangdong-Hong Kong-Macao Greater Bay Area. The study provides references for strengthening the construction of complementary resources and coordinated mechanism within the port group, realizing the differential development between ports in the Guangdong-Hong Kong-Macao Greater Bay Area. [ABSTRACT FROM AUTHOR]

This paper selects improved maximum likelihood method to conduct parameter estimation of Heston model, and results show that the share option pricing performance of Hang Seng Index is better and pricing error of at-the-money options is the smallest. By comparing parameter estimation of samples in different intervals, it has been found that parameter estimated results of two-year market data are obviously inferior to estimated effect of one-year data. [ABSTRACT FROM AUTHOR]