3,848 research outputs found

    Science requirements and feasibility/design studies of a very-high-altitude aircraft for atmospheric research

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    The advantages and shortcomings of currently available aircraft for use in very high altitude missions to study such problems as polar ozone or stratosphere-troposphere exchange pose the question of whether to develop advanced aircraft for atmospheric research. To answer this question, NASA conducted a workshop to determine science needs and feasibility/design studies to assess whether and how those needs could be met. It was determined that there was a need for an aircraft that could cruise at an altitude of 30 km with a range of 6,000 miles with vertical profiling down to 10 km and back at remote points and carry a payload of 3,000 lbs

    Patterns in high-frequency FX data: Discovery of 12 empirical scaling laws

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    We have discovered 12 independent new empirical scaling laws in foreign exchange data-series that hold for close to three orders of magnitude and across 13 currency exchange rates. Our statistical analysis crucially depends on an event-based approach that measures the relationship between different types of events. The scaling laws give an accurate estimation of the length of the price-curve coastline, which turns out to be surprisingly long. The new laws substantially extend the catalogue of stylised facts and sharply constrain the space of possible theoretical explanations of the market mechanisms.Comment: 26 pages, 3 figures, 23 tables,2nd version (text made more concise and readable, algorithm pseudocode, results unchanged), 5-year datasets (USD-JPY, EUR-USD) provided at http://www.olsen.ch/more/datasets

    Trading activity as driven Poisson process: comparison with empirical data

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    We propose the point process model as the Poissonian-like stochastic sequence with slowly diffusing mean rate and adjust the parameters of the model to the empirical data of trading activity for 26 stocks traded on NYSE. The proposed scaled stochastic differential equation provides the universal description of the trading activities with the same parameters applicable for all stocks.Comment: 9 pages, 5 figures, proceedings of APFA

    Generalized Hurst exponent and multifractal function of original and translated texts mapped into frequency and length time series

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    A nonlinear dynamics approach can be used in order to quantify complexity in written texts. As a first step, a one-dimensional system is examined : two written texts by one author (Lewis Carroll) are considered, together with one translation, into an artificial language, i.e. Esperanto are mapped into time series. Their corresponding shuffled versions are used for obtaining a "base line". Two different one-dimensional time series are used here: (i) one based on word lengths (LTS), (ii) the other on word frequencies (FTS). It is shown that the generalized Hurst exponent h(q)h(q) and the derived f(α)f(\alpha) curves of the original and translated texts show marked differences. The original "texts" are far from giving a parabolic f(α)f(\alpha) function, - in contrast to the shuffled texts. Moreover, the Esperanto text has more extreme values. This suggests cascade model-like, with multiscale time asymmetric features as finally written texts. A discussion of the difference and complementarity of mapping into a LTS or FTS is presented. The FTS f(α)f(\alpha) curves are more opened than the LTS onesComment: preprint for PRE; 2 columns; 10 pages; 6 (multifigures); 3 Tables; 70 reference

    Scaling of the distribution of fluctuations of financial market indices

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    We study the distribution of fluctuations over a time scale Δt\Delta t (i.e., the returns) of the S&P 500 index by analyzing three distinct databases. Database (i) contains approximately 1 million records sampled at 1 min intervals for the 13-year period 1984-1996, database (ii) contains 8686 daily records for the 35-year period 1962-1996, and database (iii) contains 852 monthly records for the 71-year period 1926-1996. We compute the probability distributions of returns over a time scale Δt\Delta t, where Δt\Delta t varies approximately over a factor of 10^4 - from 1 min up to more than 1 month. We find that the distributions for Δt\Delta t \leq 4 days (1560 mins) are consistent with a power-law asymptotic behavior, characterized by an exponent α3\alpha \approx 3, well outside the stable L\'evy regime 0<α<20 < \alpha < 2. To test the robustness of the S&P result, we perform a parallel analysis on two other financial market indices. Database (iv) contains 3560 daily records of the NIKKEI index for the 14-year period 1984-97, and database (v) contains 4649 daily records of the Hang-Seng index for the 18-year period 1980-97. We find estimates of α\alpha consistent with those describing the distribution of S&P 500 daily-returns. One possible reason for the scaling of these distributions is the long persistence of the autocorrelation function of the volatility. For time scales longer than (Δt)×4(\Delta t)_{\times} \approx 4 days, our results are consistent with slow convergence to Gaussian behavior.Comment: 12 pages in multicol LaTeX format with 27 postscript figures (Submitted to PRE May 20, 1999). See http://polymer.bu.edu/~amaral/Professional.html for more of our work on this are

    A Method for Cost-Effective and Rapid Characterization of Engineered T7-based Transcription Factors by Cell-Free Protein Synthesis Reveals Insights into the Regulation of T7 RNA Polymerase-Driven Expression

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    The T7 bacteriophage RNA polymerase (T7 RNAP) serves as a model for understanding RNA synthesis, as a tool for protein expression, and as an actuator for synthetic gene circuit design in bacterial cells and cell-free extract. T7 RNAP is an attractive tool for orthogonal protein expression in bacteria owing to its compact single subunit structure and orthogonal promoter specificity. Understanding the mechanisms underlying T7 RNAP regulation is important to the design of engineered T7-based transcription factors, which can be used in gene circuit design. To explore regulatory mechanisms for T7 RNAP-driven expression, we developed a rapid and cost-effective method to characterize engineered T7-based transcription factors using cell-free protein synthesis and an acoustic liquid handler. Using this method, we investigated the effects of the tetracycline operator's proximity to the T7 promoter on the regulation of T7 RNAP-driven expression. Our results reveal a mechanism for regulation that functions by interfering with the transition of T7 RNAP from initiation to elongation and validates the use of the method described here to engineer future T7-based transcription factors

    Residence time and collision statistics for exponential flights: the rod problem revisited

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    Many random transport phenomena, such as radiation propagation, chemical/biological species migration, or electron motion, can be described in terms of particles performing {\em exponential flights}. For such processes, we sketch a general approach (based on the Feynman-Kac formalism) that is amenable to explicit expressions for the moments of the number of collisions and the residence time that the walker spends in a given volume as a function of the particle equilibrium distribution. We then illustrate the proposed method in the case of the so-called {\em rod problem} (a 1d system), and discuss the relevance of the obtained results in the context of Monte Carlo estimators.Comment: 9 pages, 8 figure
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