The last 20 years have seen an increasing emphasis on statistical process control as a practical approach to reducing variability in industrial applications. Control charts are used to detect problems such as outliers or excess variability in subgroup means that may have a special cause. We describe an approach to the computation of control limits for exponentially weighted moving average control charts where the usual statistics in classical charts are replaced by linear combinations of order statistics; in particular, the trimmed mean and Gini's mean difference instead of the mean and range, respectively. Control limits are derived, and simulated average run length experiments show the trimmed control charts to be less influenced by extreme observations than their classical counterparts, and lead to tighter control limits. An example is given that illustrates the benefits of the proposed charts. parameters; see, for example, Hunter (1986) and Montgomery (1996). On the other hand, EWMA charts have been shown to be more efficient than Shewharttype charts in detecting small shifts in the process mean; see, for example, Ng & Case (1989), Crowder (1989), Lucas & Saccucci (1990), Amin & Searcy (1991) and Wetherill & Brown (1991). In fact, the EWMA control chart has become popular for monitoring a process mean; see Hunter (1986) for a good discussion. More recently, EWMA charts have been developed for monitoring process variability;
Multiplicative-binomial distribution is one of the distributions that allows for over-dispersion, and underdispersion relative to the standard binomial distribution. It will be shown that the multiplicative-binomial distribution can be a very useful model for these situations. Moreover, the confidence interval for the parameters of the multiplicative-binomial distribution is investigated by the profile likelihood methods. The first four moments and simulation procedures for generating data from the multiplicative-binomial distribution using R-software are given. By using four applications to simulated and real data it is shown that the multiplicative-binomial distribution is the same as or outperforming the standard binomial and beta-binomial distributions.
This study is of an exploratory nature as it seeks to explore the extent to which the language of emotions in the banks’ annual reports is affected by the global financial crisis (GFC). The language of emotions was analyzed using eight categories (trust, anticipation, sadness, anger, fear, disgust, surprise and joy) in annual reports of 12 listed banks from six countries in the Middle East area (namely, Jordan, Kingdom of Bahrain, United Arab Emirates, Sultanate of Oman, Kuwait, Kingdom of Saudi Arabia) from 2002 to 2017. The final data set consists of 192 bank-year observations. The study time was divided into three periods (pre, during and post GFC). In addition, the study enriches accounting literature by being the first study to test Pollyanna hypothesis using emotion analysis. The results of the study show that the percentage of emotional words in banks’ annual reports (2002–2017) represents almost 22% on average. The trust, anticipation and fear categories were the most affected than other emotional categories during GFC. While the trust category decreased, both the fear and anticipation categories increased. Other findings of the study show that regardless of GFC, emotional words of trust and anticipation categories in banks’ annual reports have dominated the emotional words of the disgust and surprise categories. Therefore, Pollyanna hypothesis is supported. In contrast to the emotional words of the joy category in banks’ annual reports which has not dominated the sadness category. In this case, Pollyanna hypothesis is rejected.
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