3,276 research outputs found
Reinforced thermal-shock resistant ceramics
Composite material, made by dispersing short tungsten-rhenium fibers randomly throughout zirconium oxide, is highly resistant to oxidizing environments at temperatures above 2000 degrees F. This reinforced ceramic is also thermal stress resistant
On Binscatter
Binscatter is very popular in applied microeconomics. It provides a flexible,
yet parsimonious way of visualizing and summarizing large data sets in
regression settings, and it is often used for informal evaluation of
substantive hypotheses such as linearity or monotonicity of the regression
function. This paper presents a foundational, thorough analysis of binscatter:
we give an array of theoretical and practical results that aid both in
understanding current practices (i.e., their validity or lack thereof) and in
offering theory-based guidance for future applications. Our main results
include principled number of bins selection, confidence intervals and bands,
hypothesis tests for parametric and shape restrictions of the regression
function, and several other new methods, applicable to canonical binscatter as
well as higher-order polynomial, covariate-adjusted and smoothness-restricted
extensions thereof. In particular, we highlight important methodological
problems related to covariate adjustment methods used in current practice. We
also discuss extensions to clustered data. Our results are illustrated with
simulated and real data throughout. Companion general-purpose software packages
for \texttt{Stata} and \texttt{R} are provided. Finally, from a technical
perspective, new theoretical results for partitioning-based series estimation
are obtained that may be of independent interest
Binscatter Regressions
We introduce the \texttt{Stata} (and \texttt{R}) package \textsf{Binsreg},
which implements the binscatter methods developed in
\citet*{Cattaneo-Crump-Farrell-Feng_2019_Binscatter}. The package includes the
commands \texttt{binsreg}, \texttt{binsregtest}, and \texttt{binsregselect}.
The first command (\texttt{binsreg}) implements binscatter for the regression
function and its derivatives, offering several point estimation, confidence
intervals and confidence bands procedures, with particular focus on
constructing binned scatter plots. The second command (\texttt{binsregtest})
implements hypothesis testing procedures for parametric specification and for
nonparametric shape restrictions of the unknown regression function. Finally,
the third command (\texttt{binsregselect}) implements data-driven number of
bins selectors for binscatter implementation using either quantile-spaced or
evenly-spaced binning/partitioning. All the commands allow for covariate
adjustment, smoothness restrictions, weighting and clustering, among other
features. A companion \texttt{R} package with the same capabilities is also
available
Improved throat inserts for ablative thrust chambers
Composite material development and structural design of improved throat inserts for ablative thrust chamber
Framework Programmable Platform for the advanced software development workstation: Framework processor design document
The design of the Framework Processor (FP) component of the Framework Programmable Software Development Platform (FFP) is described. The FFP is a project aimed at combining effective tool and data integration mechanisms with a model of the software development process in an intelligent integrated software development environment. Guided by the model, this Framework Processor will take advantage of an integrated operating environment to provide automated support for the management and control of the software development process so that costly mistakes during the development phase can be eliminated
Characteristic-sorted portfolios: Estimation and inference
Portfolio sorting is ubiquitous in the empirical finance literature, where it has been widely used to identify pricing anomalies in different asset classes. Despite the popularity of portfolio sorting, little attention has been paid to the statistical properties of the procedure or to the conditions under which it produces valid inference. We develop a general, formal framework for portfolio sorting by casting it as a nonparametric estimator. We give precise conditions under which the portfolio sorting estimator is consistent and asymptotically normal, and we also establish consistency of both the Fama-MacBeth variance estimator and a new plug-in estimator. Our framework bridges the gap between portfolio sorting and cross-sectional regressions by allowing for linear conditioning variables when sorting. In addition, we obtain a valid mean square error expansion of the sorting estimator, which we employ to develop optimal choices for the number of portfolios. We show that the choice of the number of portfolios is crucial for drawing accurate conclusions from the data and we provide a simple, data-driven procedure that balances higherorder bias and variance. In many practical settings the optimal number of portfolios varies substantially across applications and subsamples and is, in many cases, much larger than the standard choices of five or ten portfolios used in the literature. We give formal and intuitive justifications for this finding based on the bias-variance trade-off underlying the portfolio sorting estimator. To illustrate the relevance of our results, we revisit the size and momentum anomalies
Framework Programmable Platform for the Advanced Software Development Workstation: Preliminary system design document
The Framework Programmable Software Development Platform (FPP) is a project aimed at combining effective tool and data integration mechanisms with a model of the software development process in an intelligent integrated software environment. Guided by the model, this system development framework will take advantage of an integrated operating environment to automate effectively the management of the software development process so that costly mistakes during the development phase can be eliminated. The focus here is on the design of components that make up the FPP. These components serve as supporting systems for the Integration Mechanism and the Framework Processor and provide the 'glue' that ties the FPP together. Also discussed are the components that allow the platform to operate in a distributed, heterogeneous environment and to manage the development and evolution of software system artifacts
Analysis of methods
Information is one of an organization's most important assets. For this reason the development and maintenance of an integrated information system environment is one of the most important functions within a large organization. The Integrated Information Systems Evolution Environment (IISEE) project has as one of its primary goals a computerized solution to the difficulties involved in the development of integrated information systems. To develop such an environment a thorough understanding of the enterprise's information needs and requirements is of paramount importance. This document is the current release of the research performed by the Integrated Development Support Environment (IDSE) Research Team in support of the IISEE project. Research indicates that an integral part of any information system environment would be multiple modeling methods to support the management of the organization's information. Automated tool support for these methods is necessary to facilitate their use in an integrated environment. An integrated environment makes it necessary to maintain an integrated database which contains the different kinds of models developed under the various methodologies. In addition, to speed the process of development of models, a procedure or technique is needed to allow automatic translation from one methodology's representation to another while maintaining the integrity of both. The purpose for the analysis of the modeling methods included in this document is to examine these methods with the goal being to include them in an integrated development support environment. To accomplish this and to develop a method for allowing intra-methodology and inter-methodology model element reuse, a thorough understanding of multiple modeling methodologies is necessary. Currently the IDSE Research Team is investigating the family of Integrated Computer Aided Manufacturing (ICAM) DEFinition (IDEF) languages IDEF(0), IDEF(1), and IDEF(1x), as well as ENALIM, Entity Relationship, Data Flow Diagrams, and Structure Charts, for inclusion in an integrated development support environment
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