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The purpose of dynamic asset allocation (DAA) is to overcome the challenge that changing market conditions present to traditional strategic asset allocation by adjusting portfolio weights to take advantage of favorable conditions and reduce potential drawdowns. This article proposes a new approach to DAA that is based on detection of change points without fitting a model with a fixed number of reg
This paper discusses the strategy of the Czech economic policy as regards the current enlargement process of the European Economic and Monetary Union (EMU). The authors discuss the validity of the Maastricht criteria for the new European Union (EU) member countries, as well as the risks and puzzles of both real and nominal convergence processes. The paper shows that current fiscal policy is the ma
BACKGROUND AND PURPOSE: The purpose of this study was to obtain a deeper understanding of the process of motivation for change in patients with prolonged musculoskeletal disorders and to identify factors that might influence change resulting in increased independence.METHOD: A qualitative two-year follow-up study. Data collection and analysis were performed according to the qualitative case study
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By combining different aspects of auditing and by focusing on the individual auditor and observing auditors at work, this dissertation explores the auditing concept. It focuses on activities carried out by auditors in local settings and how the macro-level phenomenon of “auditing” is realised in micro-level, day-to-day audit work. In doing this, the following research question is addressed: What d
This study investigates the accuracy with which a simple propagation model based on geometrical optics (GO) and uniform theory of diffraction (UTD) can be used to predict the fading characteristics near a base station. The model uses both standard first order three dimensional GO and UTD to simulate near field propagation at the base station. Simulation results are compared with data from a measur
