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In the empirical study, we find that conventional tests over reject the null when the event forecasts and event realization of all countries have high serial correlation, which means the event forecasts have the timing ability. According to the evidence of sample correlation coefficient, however, it seems that the event forecasts have no timing ability by using these the HAC robust tests.

尔后,利用实际的资料,考虑六个国家股票市场每月之报酬率发现,所有国家在事件预测值与事件实现值存在高度的序列相关下,传统检定方法出现了过度拒绝虚无假设的结果,认为事件预测值具有预测能力;而考虑序列相关问题的检定方法则认为事件预测值不具有预测能力。

The return values of positive and negative storm surge s are important parameters to design disaster-prevention structures in coastal engineering.

风暴增减水重现值是确定港口水工结构、海岸防护工程设计的重要参数。

Functional obsolescence----A depreciation in the value of a current product caused by the arrival of a new product that can perform the function in a superior manner

功能的萎缩——当前产品由于已有更好功能的替代产品而导致现值的贬低。

When we compute the statistic for a particular sample, we obtain an outcome of the test statistic.

当我们用某一特定样本计算此统计量时,我们得到这个检验统计量的一个实现值

The advantage of the annuity is that it provides a higher payment of the current value at the time of death.

好处是,它提供的年金支付的现值较高在死亡。

The 49-year-old tiler, whose 1997 win was worth 935,000 dollars at current values, said he had spent or given away the lotto prize, including presents to his mother and two sisters.

这名四十九岁的砖瓦匠,一九九七年赢得的奖金以现值估算为九十三万五千美元。他说,这些乐透奖金不是花掉就是送人,其中包括送给母亲及两名姊妹的礼物。

The49- year-old tiler, whose1997 win was worth935,000 dollars at current values, said he had spent or given away the lotto prize, including presents to his mother and two sisters.

这名四十九岁的砖瓦匠,一九九七年赢得的奖金以现值估算为九十三万五千美元他说,这些乐透奖金不是花掉就是送人,其中包括送给母亲及两名姊妹的礼物。

In the 21st century, the worldwide economy has been globalized more rapidly, and this produces much more uncertainty of the market. The classical investment theory, such as NPV is becoming more and more unfitted to the needs of investment decision .

进入二十一世纪以后,世界经济全球化的进程进一步加快,市场中的不确定性越来越大,传统的投资决策理论如:净现值方法NPV,已经越来越不能适应公司投资决策的需要。

Present value is the value on a given date of a future payment or series of future payments, discounted to reflect the time value of money and other factors such as investment risk .

现值是在给定的利率水平下,未来的资金折现到现在时刻的价值,是资金时间价值的逆过程。

In this paper,under Random Interest Rate modeled with Wiener process,expectation and variance of present value function of increasing life insurance were obtained.

对随机利率采用W iener过程建模,得到了增额寿险保险金现值函数的期望和方差。

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However, as the name(read-only memory)implies, CD disks cannot be written onorchanged in any way.

然而,正如其名字所指出的那样,CD盘不能写,也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口,替代木托盘,免薰蒸,符合欧盟、北美各国对出口货物包装材料的法令要求;喷涂钢托盘适用于重载上货架之用,托盘表面根据需要制作成平板状、波纹状及间隔形式,满足不同的使用要求。

A single payment file can be uploaded from an ERP system to effect all pan-China RMB payments and overseas payments in all currencies.

付款指令文件可从您的 ERP 系统上传到我们的电子银行系统来只是国内及对海外各种币种付款。